SOURCE: Brigham Exploration Company

Brigham Exploration Company

April 05, 2010 06:00 ET

Brigham Exploration Announces the Sorenson 29-32 #1H Produces at a Record 24 Hour Peak Rate for a Williston Basin Horizontal Bakken Well of 5,133 Barrels of Oil Equivalent

AUSTIN, TX--(Marketwire - April 5, 2010) -  Brigham Exploration Company (NASDAQ: BEXP) announced updated production performance on the Sorenson 29-32 #1H. Subsequent to drilling out frac plugs, the Sorenson produced at an early 24 hour peak flow back rate of 5,133 (4,335 barrels of oil and 4.79 MMcf) barrels of oil equivalent per day, which, based on publicly reported data available to the Company, represents an apparent record production rate for the over 2,700 horizontal wells in the Williston Basin. The Sorenson is located in Brigham's Ross project area in Mountrail County, North Dakota and is a long lateral completed with 27 frac stages, perf and plug and ceramic proppant. Brigham maintains an approximate 95% working interest in the Sorenson. Based on this updated production performance, Brigham has completed five long lateral high frac stage wells in Ross with an average early 24 hour peak flow back rate of approximately 2,980 barrels of oil equivalent per day. 

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 www.bexp3d.com 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, particularly our Williston basin horizontal wells for which we estimate the average monthly production rates may decline by approximately 70% in the first twelve months of production, 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