The Article I am referring to is below and was just posted in the Mountrail County Promoter. I am not sure if I'm reading into it wrong because you make a valid point, but I think its more or less making their leaseholds more attractive in some way? In no way slamming Brigham here just want to understand why the 320 talk when there pushing 1280's. Would this not be considered waste and whatever else it is that they talk about at trial. Thanks everyone only hope more join in.
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." On Oct 21, 8:43 am, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote: > Hey, Jerry- > > I think the spacing units mandate by NDIC is to make all this more > manageable for the state, and NDIC. It leaves the "splitting" and > parcing-out of royalites pretty-much up to us owners, and the NDIC > doesn't have to deal so much on a micro-level. That's my thought. > > I haven't heard too much about drillers wanting to do 320s - tell me > more about that. I think that the very nature of horizontal drilling > has made it cheaper for drillers, and gives more of us owners, a > chance to get some money out of the ground. I'm sure technically, > there are times in a spacing unit well's life that oil and gas is > really only coming out of a 320 area. But to then continue > horizontally to the length of the full 1280 (two miles across, from > their two mile deep vertical bore hole), is a LOT cheaper that moving- > in a surface rig, and doing it all over again on the next 320 up-top. > > For example, for the sake of making it simple for me, let's say you > own your 320, and three other, seperate entities own the remaining > 320s of the 1280. That's four owners in the 1280. Let's say your 320 > is on the southwest corner of the 1280, and they drill on the far > northeast 320. You split with the other three whatever comes out of > the ground in that spacing unit, as part of the spacing unit. Just > think, if they drilled as I mentioned, and things "downturned" like > they have in the last three months, without being a part of that > spacing unit, you might wait years before they get to your 320. The > way it is now, you benefit now. > > Hope I got your drift okay. Let me know if I'm off the mark on your > question. > > Tom > Sweet, But Crude > Dallas > > On Oct 20, 6:32 pm, go-devil <[EMAIL PROTECTED]> wrote: > > > > > Sweet, > > Have a couple permits, one drilling. > > Waiting to hear from landman on some found/unleased minerals for > > permit that is drilling. Fun, Fun!! > > Waiting for some 1280 spacing hearings this week for the others. > > Trying to figure out why the NDIC grants 1280 spacing when particular > > companies want to or will drill 320's eventually? > > I hope to bend your ear soon. > > > On Oct 20, 3:48 pm, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote: > > > > Mine's coming of tight hole in 18 days. I'm expecting my first check > > > in about the same time. I am happy to share anything. I just really > > > have been absorbing information here. > > > > ---Driller/producer: tight-lipped under confidential > > > ---NDIC: very helpful > > > ---You guys on the discussion group: priceless. > > > > Tom > > > > On Oct 20, 4:47 pm, go-devil <[EMAIL PROTECTED]> wrote: > > > > > Some of you must have a well by now. > > > > Out of the almost 400 members, I've only seen about 100+ members > > > > posting. > > > > You would think more people would share their experiences about the > > > > whole process they went thru > > > > from leasing to getting the first royality check. > > > > Anyone?- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. 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