Brigham Exploration Announces Successful Completion of First Two Wells At Triple Crown Field.Business Editors & Energy Writers AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas--(BUSINESS WIRE)--Nov. 15, 2001 Brigham Brigham may refer to the following: Place:
Triple Crown Field, 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. In its October 19 press release, Brigham announced that it had retained a 50% working and 37.5% net revenue interest in the Dawson No. 1. This discovery well for Triple Crown Field encountered approximately 174 feet of net pay in seven Vicksburg sand intervals. The Company has now successfully perforated per·fo·ra·ted adj. Pierced with one or more holes. and stimulated the 9800 "A" zone, utilizing a fracture fracture, breaking of a bone. A simple fracture is one in which there is no contact of the broken bone with the outer air, i.e., the overlying tissues are intact. In a comminuted fracture the bone is splintered. stimulation and completion technique designed to limit production of formation sand (a "fracpack"). As a result, the well began producing to sales on November 10 and is currently producing 3.4 MMcf of natural gas and 24 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. per day with flowing tubing pressure of 6,000 psi PSI - Portable Scheme Interpreter . Brigham has also successfully completed its first development well in the Triple Crown Field. The Sullivan No. 1 well, in which Brigham has retained a 50% working and 37.5% net revenue interest, is currently testing from the "Loma Blanca" section at 2.5 MMcf of natural gas and 30 barrels of condensate per day with flowing tubing pressure of 5,800 psi. Brigham expects to begin producing the well to sales by early next week. Several additional pay intervals, including the 9800 "A", "B" and "C" sands, may also be fracture stimulated and subsequently commingled with the currently producing Loma Blanca pay interval. Management Comments 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, "We are very pleased with the successful completion of our first two wells in our Triple Crown Field. The fracpack technique that we utilized to restrict formation flow in the Dawson No. 1 appears to have been successful. We believe that this completion will now enable the production of reserves from the 9800 'A,' 'B' and 'C' reservoirs encountered in this well. More importantly, it appears to be a technique that we can utilize for the extensive development drilling program currently planned for this substantial field." Bud Brigham further stated, "The Sullivan No. 1 confirmed our Triple Crown Field discovery. This well was drilled approximately 2,400 feet northeast of the Dawson No. 1 discovery well and has extended the prospective pay intervals downdip by approximately 200 feet. Our next offset well should spud within the next sixty days and we expect this well to encounter the same pay intervals approximately 140 feet high to our Dawson No. 1 well and 340 feet high to our Sullivan No. 1 well. While this field discovery has provided our shareholders with substantial new reserve additions, we are also very excited about the impact it will now have on our production volumes and cash flow." About Brigham Exploration Brigham Exploration Company is a leading 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. For more information about Brigham Exploration, please visit our Web site at www.bexp3d.com or contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at 512/427-3444. Forward-Looking Statement 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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