-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IhfltMvlMvmtxBscD29n5tC3zkfT09B5YX0EVpOfP8A6H2wUutyRG6QLpqGOJ6YE CobC/NHkLp+juvSjZ/d5LA== /in/edgar/work/20000831/0001104659-00-000540/0001104659-00-000540.txt : 20000922 0001104659-00-000540.hdr.sgml : 20000922 ACCESSION NUMBER: 0001104659-00-000540 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000822 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIGHAM EXPLORATION CO CENTRAL INDEX KEY: 0001034755 STANDARD INDUSTRIAL CLASSIFICATION: [1311 ] IRS NUMBER: 752692967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22433 FILM NUMBER: 714689 BUSINESS ADDRESS: STREET 1: 6300 BRIDGE POINT PARKWAY STREET 2: BLDG 2 SUITE 500 CITY: AUSTIN STATE: TX ZIP: 78730 BUSINESS PHONE: 5124273300 MAIL ADDRESS: STREET 1: 6300 BRIDGE POINT PARKWAY STREET 2: BLDG 2 SUITE 500 CITY: AUSTIN STATE: TX ZIP: 78730 8-K 1 0001.txt CURRENT REPORT - -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 --------------- Date of Report (Date of earliest event reported): AUGUST 22, 2000 BRIGHAM EXPLORATION COMPANY (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 000-22433 75-2692967 (STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 6300 BRIDGEPOINT PARKWAY BUILDING TWO, SUITE 500 AUSTIN, TEXAS 78730 (ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES) Registrant's telephone number, including area code: (512) 427-3300 - -------------------------------------------------------------------------------- Item 5. OTHER EVENTS. On August 22, 2000, Brigham Exploration Company (the "Company") announced initial production results for two Texas Gulf Coast wells completed in its Diablo Project in the Home Run Field and in its Caliente Project. A copy of the Company's press release that provided this announcement is attached hereto as Exhibit 99.1. Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Item Number Exhibit ------------- -------------------------------------- 99.1* Press Release dated August 22, 2000. - ------- * filed herewith. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BRIGHAM EXPLORATION COMPANY Date: August 31, 2000 By: /s/ Curtis F. Harrell --------------------- Curtis F. Harrell Chief Financial Officer INDEX TO EXHIBITS Item Number Exhibit --------------- -------------------------------------- 99.1 Press Release dated August 22, 2000. EX-99.1 2 0002.txt NEWS RELEASE FOR IMMEDIATE RELEASE EXHIBIT 99.1 [LOGO] BRIGHAM EXPLORATION COMPANY NEWS RELEASE FOR IMMEDIATE RELEASE BRIGHAM ANNOUNCES TWO SUCCESSFUL GULF COAST COMPLETIONS, INCLUDING HIGH RATE HOME RUN FIELD DEVELOPMENT WELL - -------------------------------------------------------------------------------- Austin, TX -- (Business Wire) - August 22, 2000 -- Brigham Exploration Company (NASDAQ:BEXP) today announced initial production results for two Texas Gulf Coast wells recently completed in its Diablo Project in the Home Run Field and in its Caliente Project. VICKSBURG COMPLETION AT HOME RUN FIELD As previously disclosed, Brigham recently drilled its first development well at its Home Run Field in Brooks County, Texas. The Palmer State #3 well was drilled to a depth of 13,200 feet, encountering the prospective Vicksburg intervals approximately 130 feet high to the field confirmation well, the Brigham-operated Palmer State #2. Brigham operates the Palmer State #3 well and retains a 34% working interest in its Diablo Project. In July, Brigham began the perforation, fracture stimulation and testing of several Lower Vicksburg pay intervals, and the Palmer State #3 began flowing to sales on August 8th. Currently, the well is producing at a rate of 12.3 MMcf of natural gas and 450 barrels of condensate per day, or 15.0 MMcfe total (4.4 MMcfe net to Brigham's 29% revenue interest), with a flowing tubing pressure of 5,650 psi. The initial production results of the Palmer State #3 compare favorably to the Palmer State #2, which paid out approximately three months after its commingled completion. The Palmer State #2 began producing to sales at approximately 12.3 MMcf of natural gas and 650 barrels of condensate per day with flowing tubing pressure of 5,050 psi in late February 2000. Based on Brigham's current interpretation, the next two planned development wells should both encounter the Vicksburg section structurally high to the Palmer State #2, one of which is expected to target the crestal location structurally high to the Palmer State #3. In addition to the Palmer State #2 and #3 wells, Brigham estimates that the Home Run Field will require a minimum of five and possibly more than ten wells to fully develop the fault block. Brigham also plans to spud an exploratory test of a fault block located immediately adjacent to the Home Run Field that has produced approximately 180 Bcfe from the shallower Frio interval. This well will test the Vicksburg formation on a structure with estimated gross unrisked reserve potential of approximately 170 Bcfe. WILCOX DISCOVERY IN CALIENTE PROJECT In its Caliente Project in Duval County, Texas, Brigham participated in the successful completion of an Expanded Upper Wilcox discovery. The Dinn #2 well encountered 49 feet of net pay in the Expanded Upper Wilcox, and the well began producing to sales on August 18th. The Dinn #2 is currently producing at a rate of approximately 2.0 MMcf of natural gas per day with 3,000 psi flowing tubing pressure (740 Mcf net to Brigham's 37% revenue interest). Also in its Caliente Project, Brigham retains a 50% working interest in another high potential Wilcox exploratory test, the Brigham-operated Lopez Mineral Trust #2, which is currently drilling at a depth of 5,800 feet and should reach its primary Wilcox objective by early September. Including the above mentioned Wilcox well, Brigham currently has 6 gross (3.9 net) wells drilling. 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 domestic natural gas and oil provinces. Page 2 FORWARD LOOKING STATEMENTS 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. Contact: Christopher A. Phelps, Vice President - Finance & Strategic Planning (512) 427-3300 / investor@bexp3d.com -----END PRIVACY-ENHANCED MESSAGE-----