Brigham Exploration Announces BCD Farms 16-21 #1H Bakken Well Produces at Initial Rate of Approximately 1,776 BOEPD

* Reuters is not responsible for the content in this press release.

Mon Nov 2, 2009 6:45pm EST

  AUSTIN, TX, Nov 02 (MARKET WIRE) -- 
Brigham Exploration Company (NASDAQ: BEXP) announced that its operated
BCD Farms 16-21 #1H produced approximately 1,776 barrels of oil
equivalent per day from the Bakken formation during an early 24 hour flow
back period. The BCD Farms 16-21 #1H was completed with 28 frac stages
and is the sixth overall 18+ stage fracture stimulation completed by
Brigham in the Williston Basin.

    The BCD Farms 16-21 #1H was successfully fracture stimulated and the well
produced approximately 1,553 barrels of oil and 1.34 MMcf of natural gas,
or 1,776 barrels of oil equivalent, from the Bakken formation during a 24
hour period. Brigham maintains an approximate 24% working interest in the
BCD Farms 16-21 #1H. Brigham's interest in the BCD Farms 16-21 #1H will
increase upon payout of the first six wells in our Rough Rider drilling
participation agreement.

    The BCD Farms 16-21 #1H represents a significant producer for Brigham
given that it is located in the far northwestern part of its Rough Rider
acreage position in Williams County, North Dakota. The BCD Farms 16-21
#1H is approximately 13 miles to the northwest of Brigham's recent Brad
Olson 9-16 #1H completion, and approximately 30 miles to the northwest of
Brigham's Figaro 28-33 #1H completion. The Brad Olson 9-16 #1H and the
Figaro 28-33 #1H had early 24 hour production rates of 2,112 and 1,895
barrels of oil equivalent, respectively.

    Also in its Rough Rider project area, Brigham's Lee 16-21 #1H and Strand
16-9 #1H have both reached total depth and are scheduled to be fracture
stimulated this month. Brigham recently added its third operated rig in
the Williston Basin. The company is currently drilling the State 36-1 #1H
and the Williston 25-36 #1H, and is preparing to spud the Jackson 35-34
#1H.

    Bud Brigham, the Chairman, President and CEO, stated, "We're very excited
with the strong early performance of the BCD Farms 16-21 #1H. We believe
that it's confirming our interpretation of a continuous Bakken reservoir
across our core Rough Rider acreage where we have approximately 100,000
net acres with the potential to drill three Bakken wells per 1280 acre
spacing unit."

    Bud Brigham continued, "The Brad Olson, BCD Farms, Lee, Strand, State and
Williston wells represent the initial six wells to be drilled under our
participation agreement with U.S. Energy Corp. (NASDAQ: USEG). Subsequent
to drilling the Williston 25-36 #1H, in November we plan to move this rig
to Mountrail County, North Dakota to drill horizontal Bakken and Three
Forks wells within our Ross area. At that time, we'll have two rigs
operating in Williams and McKenzie Counties, and one rig running in
Mountrail County. We're also excited about the fact that our recently
completed equity offering allows us the option to opportunistically add
our fourth operated rig in the basin at some point in the first half of
2010."

    About Brigham Exploration

    Brigham Exploration Company is an independent exploration, development and
production company that utilizes advanced exploration, drilling and
completion technologies to systematically explore for, develop and produce
domestic onshore oil and natural gas reserves. For more information about
Brigham Exploration, please visit our website at www.bexp3d.com or contact
Investor Relations at 512-427-3444.

    Forward-Looking Statement Disclosure

    Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements within the
meaning of the federal securities laws. Important factors that could cause
our actual results to differ materially from those contained in the
forward-looking statements include initial production rates which decline
steeply over the early life of wells, our growth strategies, our ability
to successfully and economically explore for and develop oil and gas
resources, anticipated trends in our business, our liquidity and ability
to finance our exploration and development activities, market conditions
in the oil and gas industry, our ability to make and integrate
acquisitions, the impact of governmental regulation and other risks more
fully described in the company's filings with the Securities and Exchange
Commission. Forward-looking statements are typically identified by use of
terms such as "may," "will," "expect," "anticipate," "estimate" and
similar words, although some forward-looking statements may be expressed
differently. All forward-looking statements contained in this release,
including any forecasts and estimates, are based on management's outlook
only as of the date of this release, and we undertake no obligation to
update or revise these forward-looking statements, whether as a result of
subsequent developments or otherwise.

    

Contact:
Rob Roosa
Finance Manager
(512) 427-3300

Copyright 2009, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.