Friday, September 10, 2010

Brigham Exploration Co. - Bakken Shale Update

By Andrea:

Brigham Exploration Co. (BEXP) released an update on the Bakken shale yesterday located in North Dakota, on their Rough Rider and Ross projects:

Brigham's accelerated development of its core operated acreage in its Rough Rider and Ross project areas is proceeding with four operated rigs running in Rough Rider and one operated rig running in Ross. Brigham's sixth operated rig is expected to arrive mid-October and will drill locations in the Ross project area. Rigs seven and eight are expected to arrive in January and May 2011, respectively.

Brigham currently has one well fracing and 11 wells waiting on completion. Given additional access to a shared frac crew, Brigham's pace of completions is expected to accelerate this month. It is estimated that Brigham will fracture stimulate and bring on line to production approximately six wells per month beginning this month. In the first quarter 2011, additional fracture stimulation capacity is expected to be added. At that time, Brigham estimates that approximately eight wells per month will be fracture stimulated and brought on line to production.

For more shale updates, visit:

For more stock updates, visit: