Brookside Energy (ASX:BRK) steps up production game: SWISH Project boosts output by 178%

In a move that signals a transformative moment for Brookside Energy (ASX:BRK), the company has ramped up production significantly, marking a 178% increase in gross operated production to more than 5,000 barrels of oil equivalent per day (BOEPD).

This surge is driven by the initial flowback, testing, and optimisation of four new wells within its Flames Maroons Development Plan (FMDP) at the SWISH Project in the Anadarko Basin.

Highlights

• Production increased from an average of approximately 1,807 BOEPD in the September quarter to over 5,000 BOEPD.
• Combined gross spot rate of the new FMDP wells reached 4,300 BOEPD, with liquids making up 77% of the output.
• The wells have yielded over 164,000 BOE during their initial production phase, 84% of which is liquids.
• Wells continue to clean up steadily, with only 10.6% of stimulation fluid recovered thus far.

The results are a major leap forward for Brookside, illustrating the potential of the Sycamore and Woodford formations targeted in this multi-well drilling strategy.

Brookside’s Managing Director, David Prentice, remarked on the significant impact of these results, stating:

“These early results from our FMDP wells mark a Company-changing step forward for Brookside. Reaching over 5,000 BOE/per day at the SWISH Project is encouraging and reflects the hard work of our team.

The steady progress in the flowback and optimisation phases is pleasing, and we’re focused on continuing to build on this momentum to deliver strong and stable production.”

Game Plan and Execution

The FMDP is a strategic multi-well approach focusing on the prolific Sycamore Lime and Woodford Shale formations.

This development consists of the Fleury, Maroons, Iginla, and Rocket wells, three of which were drilled from the Sanford Pad and one from the Flames Well pad.

The program has enabled Brookside to successfully bring all wells to sales, leveraging the geology of Oklahoma’s Anadarko Basin to its advantage.

What sets this development apart is Brookside’s focus on systematic production rather than speculative exploration.

The steady pace of well cleanup—currently at only 10.6% fluid recovery—suggests that production levels could continue to increase over the next few months as the wells achieve their pre-drill modelled rates.

Looking Ahead

Brookside is not resting on its laurels, the current production rate, while impressive, may just be the start as the FMDP wells progress through their optimisation stages.

The company has a working interest of about 68% in these wells, translating to substantial revenue potential as production ramps up.

The focus on building a stable and sustainable output is aligned with Brookside’s broader strategy, which prioritises maximising asset value in established plays rather than pursuing high-risk new discoveries.

Given the quality of these results, the SWISH Project could act as a cornerstone for further development in the region.

Final Thoughts

Brookside’s success in increasing its production levels underscores the importance of its disciplined approach to development in established regions like the Anadarko Basin.

With the momentum generated by the FMDP wells, the company appears well-positioned to continue scaling its operations, creating value for its shareholders through steady, predictable production growth.

As Brookside’s Managing Director highlighted, these results reflect not just a technical achievement, but also the culmination of strategic planning and on-the-ground execution:

“The steady progress in the flowback and optimisation phases is pleasing, and we’re focused on continuing to build on this momentum to deliver strong and stable production.”

Brookside’s journey at SWISH is only beginning, with plenty of room to expand its footprint in one of the most prolific oil and gas plays in the United States.

Investors and industry observers will be keenly watching how the company leverages these early successes into longer-term gains.

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