Friday, September 10, 2010

Montrail County, ND: Bakken Shale Update

By Andrea:

Brigham Exploration Co. (BEXP) released an update concerning new wells in the Bakken Shale area, located in Montrail County, North Dakota. They completed the Wright 4-33 #1H in the Ross project. The well was completed with 38 fracture stimulation stages, at an early 24-hour peak flow back rate of 3,660 barrels of oil equivalent. The Wright is located in the northwestern portion of the Ross project area and is approximately four miles to the west of the Ross Alger 6-7 #1H, which was completed with 32 fracture stimulation stages and had an early 24-hour peak flow back rate of 3,070 barrels of oil equivalent. Brigham maintains an approximate 88% working interest in the Wright. Brigham has completed eight long lateral high frac stage wells in Ross at an average early 24-hour peak flow back rate of approximately 3,333 barrels of oil equivalent

BEXP is up $0.38 today so far as a result of the good news.

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