Brigham Exploration Begins Production From Providence Field and Announces Successful Discoveries in Its Vicksburg and Springer Focus Plays.Business Editors & Energy Writers AUSTIN, Texas--(BUSINESS WIRE)--Feb. 19, 2002 Brigham Exploration Company (Nasdaq:BEXP) today announced production to sales for its Providence Field discovery well, the Staubach No. 1, at a rate of approximately 17 MMcfe per day. Brigham also announced an apparently successful Triple Crown development well, the completion to sales of its sixth Home Run Field development well and its seventh successful Springer springer a North American term commonly used to describe heifers close to term with their first calf. Channel well in the 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. in nine recent attempts. Texas Gulf Coast Providence Field, Matagorda County, Texas Matagorda County is a county located in the U.S. state of Texas. As of 2000, the population was 37,957. Its county seat is Bay City6. Matagorda County is named for the canebrakes which once grew along the coast (Matagorda is a Spanish word meaning "thick bush"). -- The Brigham-operated Staubach No. 1, which reached total depth in mid-December, recently began producing to sales at a rate of approximately 5.0 MMcf of natural gas and 2,000 barrels of oil (17 Mmcfe) per day, or 5.3 MMcfe per day net to Brigham's 31% revenue interest. Other participants include Carrizo Oil & Gas Inc. (Nasdaq:CRZO) with a 35% working interest, Aspect Energy LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control with a 7% working interest, and Samedan Oil with a 7% working interest. Brigham plans to spud its first offset within the next thirty days, with at least one additional offset planned for 2002. 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. -- Brigham is currently drilling the Sullivan F-31, a direct offset to its Triple Crown Field discovery well, the Dawson No. 1. The Triple Crown Field is one of several downthrown fault blocks adjacent to Brigham's 1999 Home Run Field discovery. Brigham retains a 42% working interest and 31% net revenue interest in the Sullivan F-31. Based upon open-hole logs, the Sullivan F-31 encountered approximately 65 feet of apparent Upper Vicksburg net pay with porosity porosity /po·ros·i·ty/ (por-os´it-e) the condition of being porous; a pore. po·ros·i·ty n. 1. The state or property of being porous. 2. greater than 15%, including several intervals with porosity as high as 26%. Current plans include the setting of casing over the apparently productive Upper Vicksburg interval, and subsequent drilling to test deeper potential pay sands which should be structurally high to the Dawson No. 1 discovery well. Brigham anticipates the commingling Combining things into one body. The term commingling is most often applied to funds or assets. When a fiduciary, a person entrusted with the management of funds other than his or her own in trust, mixes trust money with that of others, the fiduciary is commingling of productive intervals and production to sales by late March or early April. Home Run Field, Brooks County, Texas -- Brigham is currently completing its sixth development well since the discovery of the Home Run Field in late 1999. The C-28 has been fracture stimulated and successfully tested to sales in five Lower Vicksburg pay intervals with commingling operations currently underway. The Company anticipates that the C-28 will begin producing to sales later this week at rates comparable to its recent Sullivan C-27 completion. The Sullivan C-27 initially produced at a rate of 11.3 MMcf of natural gas and 506 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. (14.3 MMcfe) per day, or 3.6 MMcfe per day net to Brigham's 25% revenue interest. Anadarko Basin Springer Channel Discovery, Blaine County Blaine County is the name of four counties in the United States:
About Brigham Exploration Brigham Exploration Company is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore 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 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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