Brookside Energy has observed oil and gas much earlier than expected during test-flows leading up to its foundation Jewell Well coming online in the US state of Oklahoma this month.
Following the timely clean-up of the well, crews have commenced flow-back operations to temporary facilities specifically designed to remove sand and other debris from the stimulation fluids used during initial flow-back.
Brookside will bring Jewell Well into production as oil prices trend around $US72 a barrel for at least the rest of the year, with works already underway at the next well as part of its 5-year, 20-plus well-development program in the state’s world-class Anadarko Basin.
“It is fantastic to have another key operational milestone met successfully and to be moving into the flow-back stage of operations on the Jewell Well,” managing director David Prentice said.
“It is also very pleasing to see oil and gas observed in the temporary facilities at such an early stage in the completion fluid recovery phase.
“We are looking forward to bringing updates from the flow-back to our shareholders as we start to flow the well through our permanent production facilities on location and commence sales of oil and gas.
In the lead-up to production commencing, Brookside plans to continue flow-back operations to recover stimulation fluids and turn the well from temporary to permanent production facilities.
The company’s Australian Stock Exchange-listed shares had risen 3.23 per cent, trading at 3.2c today (11:50 am GMT+ 8 hours).