Brigham Exploration Company: Bakken Shale Update

By Andrea: http://oilshalegas.com

Brigham Exploration Company (BEXP)recently released an operational update announcing the completion of new wells in the Bakken Shale in Williams County, North Dakota and in Mountrail County, North Dakota:

Brigham Exploration Company (BEXP) announced the completion of the State 36-1 #2H Rough Rider Three Forks well, its first Three Forks well west of the Nesson Anticline, at an early 24-hour peak flow back rate of approximately 2,356 barrels of oil equivalent. Brigham also announced three Bakken completions, including the Domaskin 30-31 #1H Ross project area well at an early 24-hour peak flow back rate of approximately 4,675 barrels of oil equivalent. As a result, Brigham has now completed 36 consecutive high frac stage long lateral Bakken and Three Forks wells in North Dakota with an average early 24-hour peak flow back rate of approximately 2,684 barrels of oil equivalent. In addition, Brigham announced the acquisition of additional leasehold covering approximately 10,200 net acres in the Williston Basin, approximately 7,600 of which is located in its core Rough Rider project area. Finally, Brigham provided an update on its drilling and completion activities in its core 205,600 net acres in the Williston Basin.

Bud Brigham, the Chairman, President and CEO, commented, "We're extremely excited by the results from our State 36-1 #2H Rough Rider Three Forks well. This well has generated an apparent record early 24-hour production rate for a Three Forks well west of the Nesson Anticline, and begins to potentially de-risk as many as 362 net Rough Rider Three Forks drilling locations. Combining our 571 drilling locations that are already significantly de-risked with as many as 362 net Rough Rider Three Forks drilling locations could result in our de-risked drilling inventory growing to up to 933 potential net locations. We believe success in the Three Forks in our Rough Rider project area represents a significant net asset valuation accretion event for our stockholders and other stakeholders."

Bud Brigham continued, "Our staff continues to manufacture oil wells on our current core acreage and deliver exceptional results. We've now completed 36 consecutive high frac stage long lateral Bakken and Three Forks wells in North Dakota with an average early 24-hour peak production rate of approximately 2,684 barrels of oil equivalent. Furthermore, with our Domaskin completion, we now have three of the four highest initial production rate Bakken wells in the Williston Basin."

Bud Brigham continued, "The results from our four recently completed wells should have a significant positive effect on our fourth quarter 2010 production volumes and our year-end proved reserves. In addition, our production volumes and proved reserves should be further enhanced by our two additional wells that are currently fracing, one of which is located in our Ross project area proximate to our record Bakken wells."

Bud Brigham concluded, "Our land department continues to actively acquire quality acreage in and adjacent to our core areas at attractive costs. We closed on an additional large acreage acquisition in Rough Rider representing approximately 6,000 net acres, all of which is core, and a significant portion of which is held by production. We believe that our track record of 36 consecutive strong producers provides us with a competitive advantage while leasing and we hope to continue to capitalize on that advantage."

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Brigham Exploration Co. (BEXP): 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.

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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.

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Bakken Shale - Brigham Exploration BEXP - Top Oil Well

Brigham Exploration Co. (BEXP) gets my vote for Top company in the Bakken Shale in 2009. BEXP was basically left for dead during February & March of 2009 as institutions and mutual funds dumped the stock. Shares of Brigham Exploration Co. (BEXP) hit a low of $1.04.

The stock then rebounded with the overall stock market back into the $3's in May. Raymond James upgraded the stock and BEXP surged to $5 by August.

BEXP now trades just shy of $15 and is most likely headed to $25 in 2010.

Recently, Brigham Exploration Co. (BEXP) announced one of the best wells in the Bakken Shale of all time.

Brigham Exploration Announces Williston 25-36 #1H Bakken Well Produces at Initial Rate of Approximately 3,394 BOEPD

December 14, 2009 -- Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Williston 25-36 #1H produced approximately 3,394 barrels of oil equivalent per day (2,769 Bopd and 3.75 MMcf/d) from the Bakken formation during an early 24 hour flow back period. The Williston was completed with 32 frac stages and represents Brigham's highest reported 24 hour flow back rate in the Williston Basin. Thus far, Brigham's nine long lateral high frac stage Bakken and Three Forks wells have averaged an early peak production rate of approximately 2,066 barrels of oil equivalent per day. Full Press Release Here



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Bakken Shale BEXP Brigham Exploration drilling - Three Forks Mountrail County, North Dakota ND

Here is a Bakken Shale drilling update, this time coming out of Brigham Exploration ( BEXP ) in which one of their wells is hitting 1,100 barrels per day.

Williston Basin Three Forks and Bakken Completions -- In Mountrail County, North Dakota, Brigham is currently completing its first Three Forks test, the Adix 25 #1H. The Adix 25 #1H encountered good shows while drilling, and will be stimulated in late September.

Bud Brigham stated, "Later this month we plan to fracture stimulate twelve intervals in the Three Forks lateral of the Adix 25 #1H well. By increasing the number of stimulated intervals, we've seen substantially higher early production performance from our horizontal Bakken wells. We fracture stimulated twelve intervals in our most recent Bakken completion, the Carkuff 22 #1H, which is located just over one mile west of the Adix 25 #1H. The Carkuff 22 #1H produced at an initial rate of 1,110 barrels of oil per day and continues to perform very strongly. At this point, it is easily our best well. Just one mile east of the Carkuff 22 #1H, we previously completed the Bakke #1H which commenced production at 380 barrels of oil equivalent per day after the stimulation of seven intervals. We also have four significant working interest Parshall/Austin area Bakken wells currently completing, several of which should provide results in late September or early October. To the south in Mercer County, North Dakota, we plan to commence our first southern extension Bakken well in October. This will be the first test on our over 31,000 net acres controlled in that area."

Bakken Drilling West of the Nesson Anticline -- In Williams and McKenzie Counties, North Dakota, in the general area of Brigham's recently successful Mrachek 15-22 #1H Bakken discovery, Brigham is commencing two additional horizontal Bakken wells. The Olson 10-15 #1H and the Figaro 29-32 #1-H are both planned as 9-10,000-foot laterals, whereas the Mrachek 15-22 #1H was a 5,000-foot lateral. The Olson 10-15 #1H is currently drilling at a depth of approximately 2,200 feet. Brigham is picking up its second operated rig to commence the Figaro 29-32 #1-H in the next two weeks and currently plans to commence its third operated rig in early 2009.

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Bakken Shale Discovery - BEXP Brigham

Brigham Exploration today announced that the well they have drilling is hitting over 700 barrels of Oil per day. Their first well is hitting over 600 barrels per day in oil equivalent.

Big news out of the Bakken Shale! Continental Resources last week said their well was hitting over 1000 barrels a day with half being natural gas.

For more of the Bakken Shale....visit these two websites

http://www.oilshalegas.com/bakkenshale.html

http://bakkenshale.net