Brigham Exploration Announces Anadarko Basin Discovery.Business Editors & Energy Writers AUSTIN, Texas--(BUSINESS WIRE)--April 17, 2000 Brigham Exploration Company (Nasdaq:BEXP) today announced that it has drilled, tested and is currently completing a significant Springer springer a North American term commonly used to describe heifers close to term with their first calf. channel discovery in its Anadarko Basin The Anadarko Basin is one of the most prolific natural gas reserves in North America, with ultimate gas production in excess of 100 trillion cubic feet of gas.[1] External links
References 1. core province, and updated its development activity at the Home Run Field in its Gulf Coast core province. Springer Channel Discovery The Brigham-operated Springer channel sand test was drilled to a depth of approximately 10,300 feet and encountered 41 net feet of pay. The pay interval tested naturally at a flow rate of 5.56 MMcf of natural gas and 450 barrels of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. with a flowing tubing pressure of 4,850 pounds per square inch Noun 1. pounds per square inch - a unit of pressure psi pressure unit - a unit measuring force per unit area . Brigham has commenced completion operations and plans to begin flowing the well to sales within two weeks. Brigham's 3-D seismic interpretative in·ter·pre·ta·tive adj. Variant of interpretive. in·ter  pre·ta mapping indicates that the channel sand reservoir in this discovery covers approximately 460 acres. Brigham operates the well and has retained a 71% working and 57% net revenue interest. The Company may drill one to two offsets to this discovery, the first of which could spud late in the second quarter. Bud Brigham, the Company's Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, stated, "This recent discovery extends our 1999 drilling success in the Anadarko Basin into 2000. The quality of the reservoir encountered with this well is better than anticipated, and the discovery bodes well for our inventory of Springer prospects in the area." Home Run Field Development Brigham also provided an update on its development activities at the Home Run Field in Brooks County, Texas Brooks County is a county located in the U.S. state of Texas. As of 2000, the population is 7,976. Its county seat is Falfurrias6. Brooks is named for James Abijah Brooks, a Texas Ranger and legislator. Geography According to the U.S. . The Palmer State No. 3 well was spud in March as the first offset to Brigham's recently completed Palmer State No. 2 well. Brigham is preparing to run wireline logs over the drilled Lower Vickburg intervals at a depth of approximately 12,000 feet. The top of the prospective Lower Vicksburg sands in the Palmer State No. 3 was encountered approximately 225 feet high to the Palmer State No. 2, and the well apparently encountered approximately 100 feet of gross sand in two separate lobes at the top of the Lower Vicksburg section that were not present in the Palmer State No. 2. Upon completion of the current wireline logging Wireline Logging consists of measuring and recording the physical properties of the rocks in oil wells. "Logging" consists of introducing sensors in a borehole via a "wireline", an electromechanical cable. operations, Brigham intends to set a drill liner liner /lin·er/ (lin´er) material applied to the inside of the walls of a cavity or container for protection or insulation of the surface. liner see teat cup liner. at approximately 12,000 feet and to subsequently drill to a depth of 13,870 feet to test the prospective Vicksburg eight, nine and ten sands. The Vicksburg nine and ten sands were not penetrated in the currently producing Palmer State No. 2 well. Open hole logging of the deeper Vicksburg sands and production testing of the Palmer State No. 3 should be completed in May. Mr. Brigham further stated, "We are very encouraged by our early 2000 drilling results. In 2000 we are capitalizing on our 1999 drilling success, particularly in the Home Run Field area. This exciting drilling program is accelerating, as we currently have five wells drilling, several of which could substantially impact our production volumes, reserves and cash flow in 2000." About Brigham Exploration Brigham Exploration Company (www.bexp3d.com) is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. domestic natural gas and oil provinces. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Disclosure Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that are based upon current expectations. Important factors that could cause actual results to differ materially from those in the forward-looking statements include risks inherent in exploratory drilling activities, the timing and extent of changes in commodity prices, unforeseen engineering and mechanical or technological difficulties in drilling wells, availability of drilling rigs, land issues, federal and state regulatory developments and other risks more fully described in the company's filings with the Securities and Exchange Commission. |
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