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Brigham Exploration Company (BEXP) Reports Three Forks Well Completion

Brigham Exploration Company reported the results of a recent well completion on its Ross Project acreage in Mountrail County, North Dakota. The company said that the Liffrig 29-20 #1H produced 2,037 barrels of oil per day and 2.64 million cubic feet per day of natural gas, for a total of 2,477 barrels oil equivalent (BOE) per day during its initial 24-hour period.

The well was completed with a 29 stage hydraulic fracturing operation to the Three Forks formation, which lies below the Middle Bakken across Brigham’s acreage. Brigham Exploration Company has a 72% working interest in the well.

Bud Brigham, the CEO of Brigham Exploration Company, stated, “The Liffrig is an important well in our Ross project area as we believe it confirms that the Three Forks can be developed over the entirety of our Ross acreage position in Mountrail County. Additionally, it represents a record initial production rate for us from the Three Forks formation, again providing evidence that our long lateral, high frac stage wells continue to outperform.”

Brigham Exploration Company is an independent exploration and production company focused on the Bakken Shale and related formations in North Dakota and Montana. The company had approximately 189,000 acres under net lease as of the end of 2009.

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