Total
0
Shares
Multi-stage hydraulic stimulation at Jewell. Source: Brookside
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Brookside Energy (BRK) commences hydraulic fracturing at its Jewell Well, located in the Anadarko Basin, Oklahoma
  • Liberty Oilfield Services will be undertaking the multi-stage fracking effort
  • The first stage of the program is expected to take between seven to ten days
  • Ahead of market open, Brookside last traded at 3.3 cents per share

Brookside Energy (BRK) have commenced hydraulic fracturing at its Jewell Well, located in the Anadarko Basin, Oklahoma.

Hydraulic fracturing, or hydrofracking, is a well-stimulation technique involving the fracturing of bedrock formations by a pressurised liquid.

Liberty Oilfield Services will be undertaking the multi-stage hydrofracking stimulation at Jewell.

During these “plug and perforate” operations, each stage will be treated individually before moving onto the next.

The company is expecting the first stage to be completed within seven to ten days.

The company has commenced a potential five-year, 20-plus well development drilling program across its three operated development areas — Jewell, Flames and Rangers in the SWISH AOI, in the Andarko Basin.

Last week, Brookside raised $9 million to fast track these developments, with a main focus on the Rangers Well.

The Rangers Well is the second well in the program and BRK is working towards bringing the timetable forward for its development.

Just before the market opens, Brookside last traded at 3.3 cents per share.

BRK by the numbers
More From The Market Herald

" Bounty Oil & Gas (ASX:BUY) buys stake in Carnarvon oil play

Bounty Oil & Gas (BUY) is acquiring a 25 per cent stake in four oil exploration licences in the Carnarvon Basin of Western

" Global Oil and Gas (ASX:GLV) begins exploration at EP127

Global Oil and Gas (GLV) has begun an exploration program at its wholly owned exploration permit EP127 in the southern Georgina Basin of
Triangle Energy (ASX:TEG) - Managing Director, Robert Towner

" Triangle Energy (ASX:TEG) and Pilot Energy (ASX:PGY) sign offtake deal with BP Singapore

Triangle Energy (TEG) and Pilot Energy (PGY) have signed a binding offtake deal with BP Singapore for the sale and purchase of crude

" Otto (ASX:OEL) to participate in two onshore Gulf Coast wells

Otto Energy (OEL) has agreed to participate in two onshore prospects in Texas.