SOURCE: Brigham Exploration

November 16, 2009 17:00 ET

Brigham Exploration Announces Lee 16-21 #1H Bakken Well Produces at Initial Rate of Approximately 1,544 BOEPD

AUSTIN, TX--(Marketwire - November 16, 2009) - Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Lee 16-21 #1H produced approximately 1,544 barrels of oil equivalent per day from the Bakken formation during an early 24 hour flow back period. The Lee 16-21 #1H was completed with 28 frac stages and is the seventh long lateral, multi-stage fracture stimulation completed by Brigham in the Williston Basin.

The Lee 16-21 #1H was successfully fracture stimulated and produced approximately 1,341 barrels of oil and 1.22 MMcf of natural gas, or 1,544 barrels of oil equivalent, from the Bakken formation during a 24 hour period. Brigham maintains an approximate 31% working interest in the Lee, which is the third well completed under the drilling participation agreement with U.S. Energy Corp. (NASDAQ: USEG). Brigham's interest in the Lee will increase upon payout of the first six wells in the drilling participation agreement.

The Lee is Brigham's second consecutive successful producer in the northwestern portion of its Rough Rider acreage position in Williams County, North Dakota. The Lee is approximately 5 miles south of Brigham's BCD Farms completion and roughly 8 miles to the northwest of Brigham's Brad Olson completion.

Brigham is expected to commence completion operations on the Strand 16-9 #1H (~ 21% working interest), which is also located in Rough Rider and is the fourth drilling participation agreement well, this week. Brigham is currently drilling three additional wells in Rough Rider, the State 36-1 #1H (~ 14% working interest), the Williston 25-36 #1H (~ 35% working interest) and the Jackson 35-34 #1H (~ 58% working interest). The State 36-1 #1H and the Williston 25-36 #1H are the fifth and sixth drilling participation agreement wells and complete the initial six well package under the agreement.

Bud Brigham, the Chairman, President and CEO, stated, "We're very pleased with the early production performance of our Lee well. It's our fifth consecutive long lateral, multi-stage completion in our approximate 100,000 net acres in Rough Rider, with early peak production rates averaging approximately 1,752 barrels of oil equivalent per day. Therefore, the Lee well further confirms our belief of a continuous Bakken reservoir under our 100,000 net acres in Rough Rider, and also helps to further validate approximately 230 net potential Bakken drilling locations assuming three Bakken wells per spacing unit."

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