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Brigham Exploration Company (BEXP) Completes Well In The Bakken Shale

Brigham Exploration Company announced the completion of a well on its Bakken Shale acreage. Brigham Exploration Company has a 31% working interest in the well.

The Lee 16-21 #1H had an initial production rate during its first 24 hours of production of approximately 1,544 barrels of oil equivalent (BOE), composed of 1,341 barrels of oil and 1.22 million cubic feet of natural gas.

“We’re very pleased with the early production performance of our Lee well. It’s our fifth consecutive long lateral, multi-stage completion in our approximate 100,000 net acres in Rough Rider, with early peak production rates averaging approximately 1,752 barrels of oil equivalent per day,” said Bud Brigham, the CEO of Brigham Exploration Company.

Brigham Exploration Company said the well was completed using a multi stage hydraulic fracturing operation. Hydraulic fracturing involves injecting water and other fluids into the well to stimulate and increase production.

The well is located on the company’s Rough Rider project in Williams County, North Dakota. Brigham Exploration Company has 100,000 acres under net lease that is prospective for the Bakken Shale.

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