Friday, May 27, 2022
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home oil & gas

Brookside Energy forms joint venture to expand Oklahoma oil & gas portfolio

June 10, 2020
in oil & gas
Brookside Energy forms joint venture to expand Oklahoma oil & gas portfolio
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

UK: Oil and Gas Production Efficiency Hits 80% Three Years ahead of Target

Alberta overhauls system to clean up old oil and gas wells, with 90,000

Alberta overhauls system to clean up old oil and gas wells, with 90,000

The Orion Project offers significant scalability, with the initial focus area extending over 1,100 square kilometres in the Anadarko Basin, covering several historic and currently producing oil and gas fields and many hundreds of vertical wellbores.

() has formed a new joint venture with () called the Orion Project, which aims to take advantage of opportunities to acquire producing oil and gas properties in the world-class Anadarko Basin of Oklahoma, USA.

Orion Project is a 50/50 joint venture between the companies, with Brookside’s subsidiary Black Mesa Energy LLC responsible for identifying, acquiring and operating the properties.

The JV will target natural gas weighted, mature long-life production assets with very low terminal decline and upside that can be unlocked from remedial workover activity and/or unexploited or underexploited behind pipe or deeper productive zones.

“Fantastic opportunities”

Brookside managing director David Prentice said: “We are delighted to be partnering with Stonehorse on this new venture.

“This time in the commodity price cycle is presenting some fantastic opportunities and we are extremely well-positioned to take advantage of this and to continue to grow our asset base within the SWISH AOI.”

The joint venture will acquire a portfolio of operated, long-life producing wellbores with upside that can be unlocked through low-cost, low-risk workovers with the companies aiming to build out this portfolio at a low point in the commodity price cycle and then add value through operational execution.

“Looking for best opportunities”

Prentice said: “The Black Mesa team has been working hard over the last several weeks sifting through an enormous amount of data looking for the best opportunities and I’m excited to report that this work is already delivering up targets to pursue.

“This is going to be a very exciting initiative for us, and we look forward to keeping our shareholders and the marker updated as we progress it.”

The team has acquired, analysed, and interpreted comprehensive data sets covering past and current production, geology, reservoir characteristics, wireline and mud logs, drill stem tests, drill core and 2-D seismic.

This data and analysis is being used to refine and target opportunities and discussions have commenced on several targets.

The Anadarko Basin is a proven Tier-One oil and gas development province.

Joint venture structure  

Joint venture participants have committed to an initial combined investment in the Orion Project of US$500,000 with the opportunity to expand this commitment as the joint venture grows.

The JV will be acquiring producing properties and the associated ‘Held by Production’ acreage, with an emphasis on natural gas weighted production from mature vertical wells with very low terminal decline and substantial remaining economic life.

Producing properties will be cashflow positive at the current Forward Strip pricing with upside that can be unlocked from remedial workover activities or from unexploited or underexploited behind…



Read More: Brookside Energy forms joint venture to expand Oklahoma oil & gas portfolio

Tags: BrooksideEnergyexpandformsGasjointoilOklahomaportfolioventure

Related Posts

UK: Oil and Gas Production Efficiency Hits 80% Three Years ahead of Target
oil & gas

UK: Oil and Gas Production Efficiency Hits 80% Three Years ahead of Target

by Oil Market
July 31, 2020
0

Production efficiency on the UK Continental Shelf (UKCS) has improved for the seventh consecutive year and for 2019 reached...

Read more
Alberta overhauls system to clean up old oil and gas wells, with 90,000
oil & gas

Alberta overhauls system to clean up old oil and gas wells, with 90,000

by Oil Market
July 30, 2020
0

The Alberta government is revamping how it regulates oil and gas producers in an attempt to start addressing the...

Read more
Alberta overhauls system to clean up old oil and gas wells, with 90,000
oil & gas

Alberta overhauls system to clean up old oil and gas wells, with 90,000

by Oil Market
July 30, 2020
0

The Alberta government is revamping how it regulates oil and gas producers in an attempt to start addressing the...

Read more
UK Government ‘looking at’ oil and gas sector deal, Michael Gove says –
oil & gas

UK Government ‘looking at’ oil and gas sector deal, Michael Gove says –

by Oil Market
July 29, 2020
0

Michael Gove has reiterated the UK Government’s consideration of a north-east oil and gas sector deal and confirmed he...

Read more
Environmental law group seeks to stop Alberta inquiry into oil and gas
oil & gas

Environmental law group seeks to stop Alberta inquiry into oil and gas

by Oil Market
July 28, 2020
0

EDMONTON -- An environmental law group wants a court to suspend the Alberta government's inquiry into oil and gas...

Read more
Colorado scales back proposed fee hike on oil, gas industry after estimates
oil & gas

Colorado scales back proposed fee hike on oil, gas industry after estimates

by Oil Market
July 28, 2020
0

The Colorado Oil and Gas Conservation Commission is scaling back a proposed mill levy increase on oil and gas...

Read more
Next Post
360 Energy Expert Network: Invitation to an Oil & Gas Panel Discussion:

360 Energy Expert Network: Invitation to an Oil & Gas Panel Discussion:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

New Mexico town, oil companies in fight over water use

New Mexico town, oil companies in fight over water use

2 years ago
Liberia: Govt Intensifies Campaign for Indigenization in Oil and Gas

Liberia: Govt Intensifies Campaign for Indigenization in Oil and Gas

2 years ago
China to Boost Oil, Gas Output in 2020

China to Boost Oil, Gas Output in 2020

2 years ago

ZOZEN WNS Oil-fired Boiler Assists the Food Enterprise in Venezuela to

2 years ago
Railroad Diesel Engine Oil Market Size, Top Vendors, Industry Research and

Railroad Diesel Engine Oil Market Size, Top Vendors, Industry Research and

2 years ago
Boulder County commissioners extend oil and gas moratorium

Boulder County commissioners extend oil and gas moratorium

2 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com