Brigham Exploration Company (BEXP) held a conference call in conjunction with the release of second quarter of 2010 earnings. The company made several comments on its activities in the Bakken Shale.
Brigham Exploration Company is still adding to its acreage in the Bakken Shale, and is focused on three separate project areas.
“Our core acreage has grown by roughly 34,000 net acres or 21% to approximately 198,000 net acres. This core acreage is generally proximal to the 21 consecutive high rate wells we've drilled in the Rough Rider area today, as well as that of key wells drilled by other operators.”
“The Sedlacek Trust 33-4 #1 wells located in the southwest portion of the Rough Rider area, just east of the state line separating Montana and North Dakota. The well recently commenced production at initial rate of approximately 2,695 barrels of oil equivalent per day.”
“Between the Luke Sweetman and the Sedlacek Trust 33-4 #1 wells, we've acquired a nice acreage block, including roughly 9,900 net acres right across the line from the Sedlacek in Richmond County, Montana…We plan to spud a well in this area, almost half way between the Sweetman and our Sedlacek in October.’
“There’s an additional 17,300 net acres that we acquired that lies a bit farther due west in Montana, northwest of the Elm Coulee Bakken field….We think this area has very good potential, but the geology is a bit different and is not as proximal to these wells, so we don’t yet consider it to be core acreage. We currently plan to drill our first well in this area, which could potentially begin to move it into the core category during the first quarter of 2011.”