Tuesday, August 17, 2010

Richmond County, Montana: Bakken Shale update

By Andrea: http://oilshalegas.com

Brigham Exploration Company (BEXP) recently acquired a 9,900 net acre block in the Bakken shale, located in Richmond County, Montana. They plan to spud a well in the area between their Sweetman and Sedlacek wells in October.

They acquired an additional 17,300 net acres that lies further due west in Montana, northwest of the Elm Coulee Bakken field.They believe this area has very good potential. They currently plan to drill their first well in that area, which could potentially begin to move it into the core category during the first quarter of 2011.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com