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Brigham Exploration Announces Figaro 29-32 #1H Bakken Well Produces at Initial Rate of Approximately 1,895 BOEPD
Monday, August 31, 2009 4:53 PM


(Source: MARKETWIRE)trackingBrigham Exploration Company (NASDAQ: BEXP) announced that the Figaro 29-32 #1H produced approximately 1,895 barrels of oil equivalent per day from the Bakken formation during its early peak 24 hour flow back period. Brigham's Figaro 29-32 is the second 18+ stage fracture stimulation completed west of the Nesson Anticline and the fourth overall 18+ stage fracture stimulation completed by Brigham in the Williston Basin.

The Figaro 29-32 was successfully fracture stimulated and produced approximately 1,616 barrels of oil and 1.7 MMcf of natural gas, or 1,895 barrels of oil equivalent, from the Bakken formation during an early peak 24 hour flow back. The Figaro 29-32 is located in McKenzie County, North Dakota in Brigham's Rough Rider project area and is approximately five miles northeast of its Mrachek 15-22H, which was completed in 2008 with seven fracture stimulation stages at an early peak 24 hour production rate of 727 barrels of oil equivalent per day. Brigham maintains an approximate 95% working interest and 74% net revenue interest in the Figaro 29-32.

In a continuing effort to improve well performance through technological innovation, the Figaro 29-32 was completed using a 19 interval swell packer assembly and Halliburton's SurgiFrac technology, which incorporated 35 pinpoint fracture stimulations. The SurgiFrac technology allows for the stimulation of multiple intervals without the use of mechanical plugs or sliding sleeves. On its upcoming Brad Olson 9-16 #1H and BCD Farms 16-21 #1H completions, Brigham plans to use the "perf and plug" technique with 28 fracture stimulation stages and will continue to evaluate alternative drilling and completion technologies in order to further enhance well performance and economics in the Williston Basin.

Bud Brigham, the Chairman, President and CEO, stated, "We're very pleased with the strong performance of the Figaro 29-32, which demonstrates that our high technology completions continue to deliver exceptionally strong results for our shareholders. More importantly, we believe the addition of the Figaro 29-32 further de-risks our Rough Rider acreage in an area where we as a company believe we have a significant low risk repeatable developmental drilling opportunity. Assuming three Bakken wells per 1280 acre spacing unit, we could drill as many as 222 wells in Rough Rider based on our 94,800 net acres after the drilling participation agreement announced last week. If the Three Forks is also productive, we could potentially drill double that number of wells. We are ramping up our development drilling activity in Rough Rider and should be adding our second operated rig in the next several weeks.



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