SOURCE: Brigham Exploration

Brigham Exploration

December 14, 2009 18:30 ET

Brigham Exploration Announces Williston 25-36 #1H Bakken Well Produces at Initial Rate of Approximately 3,394 BOEPD

AUSTIN, TX--(Marketwire - December 14, 2009) - Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Williston 25-36 #1H produced approximately 3,394 barrels of oil equivalent per day (2,769 Bopd and 3.75 MMcf/d) from the Bakken formation during an early 24 hour flow back period. The Williston was completed with 32 frac stages and represents Brigham's highest reported 24 hour flow back rate in the Williston Basin. Thus far, Brigham's nine long lateral high frac stage Bakken and Three Forks wells have averaged an early peak production rate of approximately 2,066 barrels of oil equivalent per day.

Brigham maintains an approximate 35% working interest in the Williston, which is the fifth well completed under the drilling participation agreement with U.S. Energy Corp. (NASDAQ: USEG). Brigham's interest in the Williston is anticipated to increase to approximately 58% upon payout of the first six wells in the drilling participation agreement.

Notably, the Williston represents Brigham's first well drilled in the eastern portion of its Rough Rider project area in Williams County, North Dakota. The Williston is approximately 9 miles to the east / southeast of Brigham's Olson 10-15 #1H. The Williston is Brigham's seventh consecutive long lateral high frac stage significant producer in its Rough Rider project area of Williams and McKenzie County, North Dakota.

Brigham expects to commence stimulation operations on the State 36-1 #1H (~ 15% working interest) this week and anticipates completing the well with 30 frac stages. The State is a Bakken well located approximately 6 miles to the northeast of the Williston well and is the sixth well drilled under our drilling participation agreement. Brigham expects to commence stimulation operations on the Jackson 35-34 #1H (~ 58% working interest) late this month and anticipates completing the well with 29 frac stages. The Jackson is a Bakken well located approximately 3 miles to the south of the Olson 10-15 #1H.

Brigham is currently drilling two other wells, 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 29-20 #1H (~ 72% working interest), which is a Three Forks well in its Ross area in Mountrail County. In the next several days, Brigham expects to commence drilling operations on the Jack Erickson 6-31 #1H (~ 15% working interest), which is a Bakken well in Rough Rider proximal to the Brad Olson 9-16 #1H.

Bud Brigham, the Chairman, President and CEO, stated, "Our drilling and completion techniques, including highly effective geological steering, a large number of isolated frac stages, and the perf and plug method combined with ceramic proppant provided by CARBO Ceramics Inc. (NYSE: CRR), are driving exceptional results as evidenced by our company record production rates from our last two Williston Basin wells. Importantly, we've also now drilled outstanding wells across a major extent of our Rough Rider project area, with the Williston well helping to de-risk the eastern extent of our acreage. In total, we believe we have the ability to drill up to 700 net Bakken and Three Forks wells across the extent of our core 150,000 net acres in Williams, McKenzie and Mountrail Counties, North Dakota.

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