Brigham Reports Strong Well Result

by Kenneth E. DuBose on June 27, 2011

Brigham Bakken Shale well performance continues to set high water marks in new areas of exploration. The company’s latest well is expanding production into Roosevelt County, MT.

“Brigham Exploration Company (NASDAQ: BEXP) announced the successful completion of the Gobbs 17-8 #1H Montana Bakken well at an early 24-hour peak rate of approximately 1,818 barrels of oil equivalent (1,544 barrels of oil and 1.64 MMcf of natural gas) after being fracture stimulated with 36 stages.

The Gobbs 17-8 #1H, which is located approximately 16 miles west of the border between North Dakota and Montana in Roosevelt County, represents Brigham’s second best early peak rate in Montana, relative to Brigham’s Johnson 10-19 #1H which is located just under five miles from the border. Brigham anticipates that it will complete and bring on line to production four additional Montana Bakken wells over the next several months.”

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