SOURCE: Brigham Exploration

January 05, 2010 18:30 ET

Brigham Exploration Announces State 36-1 #1H Bakken Well Produces at Initial Rate of Approximately 3,807 BOEPD

AUSTIN, TX--(Marketwire - January 5, 2010) - Brigham Exploration Company (NASDAQ: BEXP) announced that its operated State 36-1 #1H produced approximately 3,807 barrels of oil equivalent per day (3,236 Bopd and 3.42 MMcf/d) from the Bakken formation during an early 24 hour flow back period. The State was completed with 30 frac stages and represents Brigham's highest reported 24 hour flow back rate in the Williston Basin. Thus far, Brigham's 10 long lateral high frac stage Bakken and Three Forks wells have averaged an early peak production rate of approximately 2,240 barrels of oil equivalent per day.

Brigham maintains an approximate 16% working interest in the State, which is the sixth well completed under the drilling participation agreement with U.S. Energy Corp. (NASDAQ: USEG). Brigham's interest in the State is anticipated to increase upon payout of the first six wells in the drilling participation agreement.

Importantly, the State represents Brigham's eastern most well in its Rough Rider project area in Williams County, North Dakota. The State is approximately 6 miles to the northeast of Brigham's Williston 25-36 #1H, which had an early 24 hour flow back rate of approximately 3,394 barrels of oil equivalent per day. The State is Brigham's eighth consecutive long lateral high frac stage significant producer in its Rough Rider project area of Williams and McKenzie County, 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 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