I was under the impression the Adix was a Bakken/Threeforks well? I await anything more from a 1280 that Brighams drills in Mountrail.
On Oct 7, 10:17 am, go-devil <[EMAIL PROTECTED]> wrote: > From Brigham Site Today 10-07-08 > Brigham Exploration Announces Significant Three Forks Discovery in > Mountrail County, ND > AUSTIN, TX, Oct 07, 2008 (MARKET WIRE via COMTEX News Network) -- > Brigham Exploration Company (NASDAQ: BEXP) announced that its first > Three Forks well in the Williston Basin was a discovery, producing at > a recent rate of approximately 892 barrels of oil equivalent per day. > Brigham controls approximately 27,780 net acres in the Ross Area, > where Brigham has completed four consecutive horizontal Bakken wells, > and plans an active development drilling program for the Bakken and > Three Forks. > Ross Area Three Forks Discovery -- In Mountrail County, North Dakota, > Brigham has successfully completed its first Three Forks test, the > Adix 25 #1H. The Adix 25 #1H is currently flowing approximately 765 > barrels of oil and 760 Mcf of natural gas per day up 7 inch casing. > Brigham plans to install production tubing in the well in the next > several days. Brigham owns a 32% working and 26% net revenue interest > in the Adix 25 #1H. The Adix represents Brigham's fifth consecutive > completion in the Ross Area. The four prior completions were in the > Bakken formation, the most recent of which, the Carkuff 22 #1H, > commenced production at an initial rate of approximately 1,110 barrels > of oil per day. > > Bud Brigham, the Chairman, President and CEO stated, "The Adix 25 #1H > is a very important discovery for us. This well, combined with the > recent Three Forks discoveries drilled in the area by Fidelity to the > south and Encore to the west of our Ross Area, likely delineates a > second field immediately below the Bakken formation for us to develop > on our 27,780 net acres in the Ross Area. Importantly, the Three Forks > is a different reservoir from the Bakken, with different attributes; > and therefore a different recipe may be optimal for completing these > wells. As a result, we may have the opportunity to further optimize > the drilling and completion of our Three Forks wells to further > enhance performance. Looking forward, development on 320 acre spacing > could result in the drilling of 173 net wells to fully develop the > Bakken and the Three Forks in the Ross Area. Assuming unrisked > potential average reserves of 300,000 to 500,000 barrels per well > indicates that we could have the opportunity to develop 42 million to > 71 million barrels of oil net to our interest in the Ross Area > alone." > > North Stanley Area Three Forks Drilling -- Also in Mountrail County, > North Dakota, in Brigham's North Stanley Area, Brigham is > participating in another Three Forks well, the Fidelity Grove 11-36H. > Brigham retains a 25% working interest in the Fidelity Grove 11-36H, > located in section 36 of 158N - 92W, with results expected in late > November. The Fidelity Grove 11-36H is approximately three miles west > of Brigham's previously announced Bakken completion at the Brigham > operated Johnson 33 1-H, which commenced production at an initial rate > of approximately 618 barrels of oil per day. Approximately four miles > east of the Fidelity Grove 11-36H, Brigham plans to commence the > Afseth 34 #1H in December. Brigham expects to retain a 41% working > interest in the Afseth 34 #1H well, which is currently planned as a > Three Forks test. Brigham controls approximately 9,096 net acres in > the North Stanley Area, and could ultimately drill approximately 28 > net wells to develop the Bakken on 320 acre spacing. With success in > the Three Forks, a similar number of potential Three Forks wells could > be drilled. > > Bud Brigham continued, "Also in Mountrail County ND, we have four > significant working interest wells being completed in the Parshall/ > Austin Area. In addition, to the west of the Nesson Anticline we have > two operated Bakken wells currently drilling, the Olson 10-15 #1H and > the Figaro 29-32 #1H. In this area, we utilized swell packers on the > Mrachek 15-22 #1H to stimulate seven intervals in the Bakken, which > commenced production at 727 barrels of oil equivalent per day. Since > that time, we've experienced improved well performance as a result of > increasing our completions to twelve or thirteen intervals. We plan to > stimulate approximately 20 intervals in the Olson 10-15 #1H and the > Figaro 29-32 #1H wells, using swell packers in 8,000 to 9,000 foot > laterals." > > About Brigham Exploration > > Brigham Exploration Company is a leading independent exploration and > production company that applies 3-D seismic imaging and other advanced > technologies to systematically explore for and develop onshore > domestic oil and natural gas reserves. For more information about > Brigham Exploration, please visit our website atwww.bexp3d.comor > contact Investor Relations at 512-427-3444. > > Forward-Looking Statement Disclosure > > Except for the historical information contained herein, the matters > discussed in this news release are forward-looking statements within > the meaning of the federal securities laws. Important factors that > could cause our actual results to differ materially from those > contained in the forward-looking statements include our growth > strategies, our ability to successfully and economically explore for > and develop oil and gas resources, anticipated trends in our business, > our liquidity and ability to finance our exploration and development > activities, market conditions in the oil and gas industry, our ability > to make and integrate acquisitions, the impact of governmental > regulation and other risks more fully described in the company's > filings with the Securities and Exchange Commission. Forward-looking > statements are typically identified by use of terms such as "may," > "will," "expect," "anticipate," "estimate" and similar words, although > some forward-looking statements may be expressed differently. All > forward-looking statements contained in this release, including any > forecasts and estimates, are based on management's outlook only as of > the date of this release, and we undertake no obligation to update or > revise these forward-looking statements, whether as a result of > subsequent developments or otherwise. > > Contact: > Rob Roosa > Finance Manager > (512) 427-3300 > > SOURCE: Brigham Exploration > > On Oct 6, 7:12 pm, go-devil <[EMAIL PROTECTED]> wrote: > > > > > Updated Today- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
