Brookside Energy Unveils Riverbend AOI with Potential for Multi-Million Barrel Reserves
Brookside Energy has announced a new Area of Interest in the Anadarko Basin, targeting thick, liquids-rich reservoirs with promising economic returns and significant reserves growth potential.
- New Riverbend AOI spans ~24 square miles in proven Anadarko Basin region
- Target formations average ~80 feet thick, liquids-rich with ~82% liquids content
- Economic modelling supports up to 76% rate of return and 12-month payout
- Initial leasing underway for up to four 1,280-acre drilling spacing units
- Potential to materially increase Brookside’s reserves and growth runway
Brookside Expands Footprint in Anadarko Basin
Brookside Energy Limited has revealed a significant new Area of Interest (AOI) named Riverbend within the prolific Anadarko Basin. This move marks a strategic expansion into a region with a strong production history, targeting Devonian through Pennsylvanian age reservoirs known for their oil-rich potential. Spanning approximately 24 square miles, the Riverbend AOI offers thick, laterally continuous formations that promise substantial oil-in-place volumes.
Reservoir Quality and Liquids-Rich Potential
The targeted formations in Riverbend average around 80 feet in thickness, reaching up to 200 feet in some areas, and reside within the oil to volatile-oil window. This geological setting is favourable for liquids-rich hydrocarbons, with Brookside projecting about 82% liquids content, comprising roughly 68% oil and the remainder natural gas liquids. Such a composition not only enhances the economic attractiveness but also positions the project for lower development costs compared to deeper, gas-prone plays.
Strong Economic Case and Development Plans
Brookside’s technical evaluation, which included analysis of over 500 offset wells, supports a compelling development case. The company’s modelling indicates a rate of return of up to 76% and a payout period of approximately 12 months under base-case assumptions. These figures underscore the project's potential to deliver robust cash flows early in its lifecycle. Leasing efforts are already underway, aiming to secure control over up to four drilling spacing units, each covering 1,280 acres, to facilitate future drilling and development.
Strategic Implications for Brookside’s Growth
The Riverbend AOI is expected to materially increase Brookside’s reserves, extending its growth runway in the Anadarko Basin. The company’s Managing Director, David Prentice, highlighted the team’s ability to identify high-impact opportunities aligned with favourable commodity prices and disciplined cost management. This development not only deepens Brookside’s inventory but also reinforces its strategy of cycle-aligned growth focused on value creation for shareholders.
Next Steps and Market Watch
Brookside plans a staged approach to Riverbend’s development, starting with leasing and regulatory approvals, followed by reserve-definition drilling, completion, and flow testing. Each phase is expected to provide catalysts over the coming quarters, with market participants keenly watching for drilling results and reserve bookings that will validate the resource potential and economic assumptions underpinning this promising new play.
Bottom Line?
Riverbend’s development will be a key test of Brookside’s ability to convert promising geology into tangible reserves and shareholder value.
Questions in the middle?
- How will actual drilling results compare to the conservative recovery estimates?
- What impact will commodity price fluctuations have on the project’s economics?
- How quickly can Brookside secure leases and regulatory approvals to advance development?
