Friday, September 10, 2010

Williams County, North Dakota: Bakken Shale Update

By Andrea:

Brigham Exploration Co. (BEXP) announced yesterday that they completed 3 wells in the Bakken Shale area, located in Williams County, ND. The wells averaged a 24-hour peak flow back rate of 2,150 barrels of oil equivalent.

The Weisz 11-14 #1H, Abe Owan 21-16 #1H and the Sukut 28-33 #1H produced at early 24-hour peak flow back rates of 2,278 (2,003 barrels of oil and 1.65 MMcf), 2,213 (1,983 barrels of oil and 1.38 MMcf) and 1,959 (1,752 barrels of oil and 1.24 MMcf) barrels oil equivalent, respectively. The Weisz, Abe Owan and Sukut were completed with 37, 37 and 32 fracture stimulation stages, respectively. Brigham's working interests in the Weisz, Abe Owan and Sukut are approximately 52%, 57% and 42%, respectively. The Sukut was completed with U.S. Energy Corp. (NASDAQ: USEG) and Brigham will back in for a portion of USEG's working interest in the Sukut after payout of the well. Brigham has completed 24 long lateral high frac stage wells in Rough Rider with an average early 24-hour peak rate of approximately 2,413 barrels of oil equivalent.

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