SOURCE: Brigham Exploration

Brigham Exploration

November 30, 2009 16:01 ET

Brigham Exploration Announces Strand 16-9 #1H Bakken Well Produces at Initial Rate of Approximately 2,264 BOEPD

AUSTIN, TX--(Marketwire - November 30, 2009) - Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Strand 16-9 #1H produced approximately 2,264 barrels of oil equivalent per day from the Bakken formation during an early 24 hour flow back period. The Strand was completed with 26 frac stages and represents Brigham's highest reported 24 hour flow back rate to date of its eight long lateral, multi-stage fracture stimulation completions in the Williston Basin.

The Strand was successfully fracture stimulated and produced approximately 1,947 barrels of oil and 1.9 MMcf of natural gas, or 2,264 barrels of oil equivalent, from the Bakken formation during a 24 hour period. Brigham maintains an approximate 21% working interest in the Strand, which is the fourth well completed under the drilling participation agreement with U.S. Energy Corp. (NASDAQ: USEG). Brigham's interest in the Strand will increase upon payout of the first six wells in the drilling participation agreement.

Importantly, the Strand represents Brigham's third consecutive successful producer in the northwestern portion of its Rough Rider acreage position in Williams County, North Dakota. The Strand is approximately 8 miles to the southeast of Brigham's BCD Farms 16-21 #1H completion and roughly 6 miles to the east of Brigham's Lee 16-21 #1H completion. The Strand is also Brigham's sixth consecutive high rate producer in its Rough Rider project area of Williams and McKenzie County, North Dakota. Brigham has now completed eight consecutive high rate Bakken and Three Forks wells in the basin with early peak production rates averaging approximately 1,900 barrels of oil equivalent per day.

Brigham is expected to commence completion operations on the Williston 25-36 #1H (~ 35% working interest) and the State 36-1 #1H (~ 15% working interest) in mid December. The Williston and the State, which represent the fifth and sixth drilling participation agreement wells, are expected to be completed with 32 and 30 frac stages, respectively. Brigham has reached total depth on the Jackson 35-34 #1H (~ 58% working interest) and is expected to run 29 swell packers to bottom later this week.

Brigham is currently in the process of rigging up drilling operations on the Owan Nehring 27-34 #1H (~ 49% working interest), which is a Bakken well in the western portion of its Rough Rider acreage, and the Liffrig 20-29 #1H (~ 72% working interest), which is a Three Forks well in its Ross project area in Mountrail County. Subsequent to completing drilling operations on the Jackson, Brigham will commence the Jack Erickson 6-31 #1H (~ 15% working interest), which will be a Bakken well in our Rough Rider project area proximate to the Brad Olson 9-16 #1H.

Bud Brigham, the Chairman, President and CEO, stated, "Our operations and geological steering groups continue to deliver exceptional and consistent performance with the completion of the Strand. We believe our completions using a high number of frac stages, perf and plug and ceramic proppant represent an optimal recipe that we'll continue to modify slightly in order to further improve results. We're excited with the opportunity to slightly increase the number of frac stages with the Williston and State wells to 32 and 30 stages, respectively, and thereby maximize results on our approximate 150,000 net acres in our core Rough Rider, Ross and Parshall / Austin project areas."

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, 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