- Brookside Energy (BRK) has assigned a leading U.S. drill contractor to carry out the drilling of the Jewell Well, located in the Anadarko Basin
- BRK's subsidiary, Black Mesa Energy, signed the agreement with Oklahoma-based Latshaw Drilling Company
- Black Mesa will supervise the drilling by Latshaw, which plans to drill Jewell using its own Latshaw Rig 14
- The drill rig will be sent to the Carter County area as soon as possible, where pad works are nearing completion
- Shares in BRK have opened trading at 2 cents per share
Brookside Energy (BRK) has assigned a leading U.S. drill contractor to carry out the drilling of the Jewell Well.
The well forms part of Brookside's wider SWISH area of interest (AOI) in the Anadarko Basin, while the well itself is located near Oaklahoma City.
The energy company's subsidiary, Black Mesa Energy, will oversee the work being carried out by the Latshaw Drilling Company.
The drilling operator will supply its own Latshaw Rig 14 to carry out the drilling at Jewell.
BRK said the big rig more than meets the time and budget specifications required to drill Jewell.
Latshaw's drill rig is currently 140 miles away from the Jewell Drilling Spacing Unit (DSU) but will be sent to Carter County as soon as possible.
"We have been fortunate to have observed the work of Latshaw’s rigs and their high-quality people and equipment operating on the ground drilling horizontal wells in the SWISH AOI," Brookside Managing Director David Prentice said.
"[We] look forward to working with them on this well and as we move forward with the development of our DSU’s in the future," he explained.
Brookside also advised that pad works at the site are nearing completing.
Shares in Brookside Energy have opened Thursday's trading session steady at 2 cents per share.