SOURCE: Brigham Exploration

Brigham Exploration

February 01, 2010 17:41 ET

Brigham Exploration Announces Additional High Rate Completions in Rough Rider and Provides Operational Update

AUSTIN, TX--(Marketwire - February 1, 2010) - Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Jackson 35-34 #1H and Owan-Nehring 27-34 #1H produced approximately 3,540 (3,064 Bopd and 2.86 MMcf/d) and 2,513 (2,215 Bopd and 1.79 MMcf/d) barrels of oil equivalent, respectively, from the Bakken formation during their early 24 hour flow back periods. Brigham maintains an approximate 62% working interest in the Jackson and an approximate 49% working interest in the Owan-Nehring.

The Jackson and the Owan-Nehring were both completed with 30 frac stages, ceramic proppant and perf and plug. Brigham's 12 long lateral high frac stage Bakken and Three Forks wells have averaged an early peak 24 hour production rate of approximately 2,371 barrels of oil equivalent.

Importantly, the Owan-Nehring represents Brigham's southwestern most well in its Williams County, North Dakota acreage position. The Owan-Nehring is approximately 5 miles to the southwest of its Erickson 8-17 #1H well and approximately 8 miles to the south of its Lee 16-21 #1H. Thus far, Brigham's 10 long lateral high frac stage wells in its Rough Rider project area have averaged an early peak 24 hour rate of approximately 2,428 barrels of oil equivalent.

The following table summarizes Brigham's long lateral high frac stage well completions.

                                                            30 DAY
                                              FRAC    IP    (Boe/d)
WELL NAME           County  OBJECTIVE  ~WI   STAGES (Boe/d)   **
                    -------- -------- -----  ------ ------- -------
Owan-Nehring 27-34  Williams   Bakken    49%     30   2,513      NA
Jackson 35-34 #1H   Williams   Bakken    62%     30   3,540      NA
State 36-1 #1H      Williams   Bakken    16%*    30   3,807      NA
Williston 25-36 #1H Williams   Bakken    33%*    32   3,394   1,505
Strand 16-9 #1H     Williams   Bakken    22%*    26   2,264     948
Lee 16-21 #1H       Williams   Bakken    31%*    28   1,544     698
BCD Farms 16-21 #1H Williams   Bakken    25%*    28   1,776     702
Brad Olson 9-16 #1H Williams   Bakken    33%*    28   2,112     811
Figaro 29-32 #1H    McKenzie   Bakken    95%     19   1,895     831
Anderson 28-33 #1H  Mountrail  Bakken    66%     24   2,154   1,346
Strobeck 27-34 #1H  Mountrail  Three     77%     18   2,021     989
Olson 10-15 #1H     Williams   Bakken   100%     20   1,433     730

                                          Averages    2,371     951

  *  Brigham's working interest is anticipated to increase upon payout of
     the first six wells under our Rough Rider drilling participation
  ** Excludes any days well was down for work.

Additionally, Brigham continues to bring on line non-operated wells at an accelerated pace in both Mountrail and Williams Counties, North Dakota. Recent non-operated completion highlights are summarized in the table below.

WELL NAME                     COUNTY    OBJECTIVE       ~WI       (Boe/d)
                            ----------- ----------- ----------  -----------
James Hill 1-31H             Mountrail     Bakken          3.1%         820
Wayzetta 102-02H             Mountrail  Three Forks        6.3%         323
EN-Rice 155-94-0211H-1       Mountrail     Bakken          1.6%       1,599
Nichols 10-15H               Mountrail     Bakken          1.7%       1,447
Grace 2-11H                  Mountrail     Bakken          1.6%         641
Thomas Patrick 1-12H         Mountrail     Bakken          1.0%       2,700
Kannianen 44-33H             Mountrail     Bakken          6.8%       3,409
Niemi 44-22H                 Mountrail     Bakken          1.6%       2,291
Ogden 11-3TFH                Mountrail  Three Forks       10.4%       1,479
Platt 44-28H                 Mountrail     Bakken          2.9%       3,609
Bobcat 1-25H                  Williams     Bakken         12.5%       2,303
                                                       Average        1,875

Brigham's rapid pace of development in its core operated Ross and Rough Rider project areas in Mountrail, Williams and McKenzie Counties is proceeding with one well currently fracing, four wells currently waiting on completion, one well drilling and three locations rigging up to commence drilling operations. All five of Brigham's wells currently fracing / waiting on completion are anticipated to be completed with approximately 30 frac stages.

Bud Brigham, the Chairman, President and CEO, stated, "Our staff continues to enhance both drilling and completion efficiencies and techniques, delivering exceptional operational results. For example, our most recent well, the Jerome Anderson 15-10 #1H, took only 18 days from spud to reach total a depth of 19,350 feet, which is an improvement from our typical well drilling days of 22 to 26 days."

Bud Brigham continued, "Our four operated rigs and near continuous completion operations are anticipated to allow us to bring on line to sales approximately four gross operated wells per month, which will positively impact both our reserve and production growth. This level of activity should allow us to drill initial wells on our de-risked acreage in our Ross and Rough Rider project areas easily prior to any material lease term expirations. Further, this activity also positions us to subsequently drill up to five additional Bakken and Three Forks wells per spacing unit."

Bud Brigham concluded, "In addition, our belief that we've delineated prime development acreage west of the Nesson Anticline continues to be reinforced by other operators. There are currently four third party operated rigs drilling proximate to our Rough Rider project area and several wells waiting on completion. Additionally, a key Mountrail County operator is actively permitting locations in and around Rough Rider. The same operator has also spud a Bakken well on the eastern edge of our Ghost Rider acreage position in Roosevelt County, Montana, where we control a substantial acreage position and expect to commence our own operated Bakken well during the first half of 2010. Finally, an operator with a sizeable acreage position to the northeast of our Rough Rider acreage has indicated a well will test the prospectivity of the Three Forks. The planned well is tentatively scheduled to commence in February. We anticipate commencing our own Three Forks test in Rough Rider during the first half of 2010."

About Brigham Exploration

Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. For more information about Brigham Exploration, please visit our website at or contact Investor Relations at 512-427-3444.

Forward-Looking Statement Disclosure

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those contained in the forward-looking statements include initial production rates which decline steeply over the early life of wells, our growth strategies, our ability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business‚ our liquidity and ability to finance our exploration and development activities‚ market conditions in the oil and gas industry‚ our ability to make and integrate acquisitions, the impact of governmental regulation and other risks more fully described in the company's filings with the Securities and Exchange Commission. Forward-looking statements are typically identified by use of terms such as "may," "will," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements may be expressed differently. All forward-looking statements contained in this release, including any forecasts and estimates, are based on management's outlook only as of the date of this release, and we undertake no obligation to update or revise these forward-looking statements, whether as a result of subsequent developments or otherwise.

Contact Information

  • Contact:
    Rob Roosa
    Finance Manager
    (512) 427-3300