-----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, Sq7owKQnu5fDzvxk0gFQpihLM9mtnoxISKHhnYi3KeGnGWQntKHBAJ3Sl2ZzCcvn Oa5AmrqKqAupqP7ZnAxgWg== 0001275287-05-003950.txt : 20051020 0001275287-05-003950.hdr.sgml : 20051020 20051020095529 ACCESSION NUMBER: 0001275287-05-003950 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051019 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051020 DATE AS OF CHANGE: 20051020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIGHAM EXPLORATION CO CENTRAL INDEX KEY: 0001034755 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752692967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22433 FILM NUMBER: 051146416 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 be3779.htm FORM 8-K

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): October 19, 2005

BRIGHAM EXPLORATION COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Delaware

 

000-22433

 

75-2692967

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

6300 Bridgepoint Parkway
Building Two, Suite 500
Austin, Texas  78730

(Address, including zip code, of principal executive offices)

 

Registrants telephone number, including area code:  (512) 427-3300

 

 


(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))




Item 2.02  Results of Operation and Financial Condition.

          Registrant is furnishing its press release dated October 19, 2005, which announces discoveries and provides operational update.  The text of the press release is furnished as attached hereto as Exhibit 99.1. 

Item 7.01  Regulation FD Disclosure.

          Registrant is furnishing its press release dated October 19, 2005, which announces discoveries and provides operational update.  The text of the press release is furnished as attached hereto as Exhibit 99.1. 

Item 9.01  Financial Statements and Exhibits.

          (c)          Exhibit 99.1          Press release dated October 19, 2005.

2



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:  October 20, 2005

 

 

 

By:

/s/ Eugene B. Shepherd, Jr

 

 


 

 

Eugene B. Shepherd, Jr.

 

 

Executive Vice President &

 

 

Chief Financial Officer

3



INDEX TO EXHIBITS

Item Number

 

Exhibit


 


99.1*

 

Press Release dated October 19, 2005

4


EX-99.1 2 be3779ex991.htm EXHIBIT 99.1

Exhibit 99.1

Brigham Exploration Announces Triple Crown Field Completions

          AUSTIN, Texas, Oct. 19 /PRNewswire-FirstCall/ -- Brigham Exploration Company (Nasdaq: BEXP) today announced the successful completion of its Sullivan C-31 and the completion of a new high production rate zone in its Dawson #2 Vicksburg development wells.

SIGNIFICANT WELLS RECENTLY COMPLETED, COMPLETING, DRILLING OR PREPARING TO DRILL

Well

 

Objective

 

Category

 

WI%

 

NRI

 

Status / Comments


 


 


 


 


 


Dawson #2

 

Vicksburg

 

Dev

 

100%

 

76%

 

Completed new upper zone @ 9.3 MMcfed with 7250 psi FTP, will commingle later

Sullivan C-31

 

Vicksburg

 

Dev

 

100%

 

76%

 

Completed in 9800’ Sand @ 6.4 MMcfed with 6400 psi FTP, will commingle

Osborne #7-35

 

Gr. Wash

 

Dev

 

25%

 

20%

 

Completed @ 2.0 MMcfed, up to seven developmental locations to be drilled

Grisham #1

 

Lwr Frio

 

Dev

 

50%

 

40%

 

Completing, approximately 94’ apparent Lower Frio pay

Wright #2

 

Springer

 

Exp

 

100%

 

75%

 

Springer initially @ 0.2 MMcfed - currently stimulating, 33’ of shallower apparent pay

Fondren #1

 

Lwr Frio

 

Dev

 

72%

 

59%

 

Drilling at approx. 12,000 feet, results late October

Imhoff #1

 

Lwr Frio

 

Exp

 

75%

 

56%

 

Currently drilling out of intermediate @ 9400’, targeting 37 Bcfe potential structure

Palmer 3S #2

 

Vicksburg

 

Dev

 

34%

 

29%

 

Currently sidetracking Home Run Field well, results expected in November

B.K. Dillard #1

 

Lwr Frio

 

Exp

 

75%

 

56%

 

Commence early November, targeting 40 Bcfe potential structure in Alamo Project

State Tract 266 #1 

 

Middle Frio

 

Dev

 

75%

 

56%

 

Expect to commence in 4 weeks, offsetting shallow pays in S.T. 254 #1 & B.B. B #13




          Completion of Triple Crown Field Vicksburg Wells -- The Dawson #2 was recently recompleted in a previously untested Upper Vicksburg interval at an initial rate of 9.3 MMcfed with strong flowing tubing pressures.  This was the first completion attempt in the “Brigham” sand, which was also encountered in the currently completing Sullivan C-31 and several previously drilled Triple Crown wells.  Brigham had anticipated commingling the Brigham sand in the Dawson #2 with the previously completed 9800’ intervals, but given the unusually high pressures and high producing rates the company anticipates commingling the various pay intervals at a later date.  The 9800’ sands were producing approximately 2.7 MMcfe per day with a flowing tubing pressure of approximately 2500 psi prior to perforating the shallower Brigham sand interval.

          Brigham’s recently announced Triple Crown Field development well, the Sullivan C-31, was initially completed in the deepest potential pay interval, the Loma Blanca, at a rate of 2.8 MMcfe per day with a flowing tubing pressure of 6350 psi.  Brigham subsequently completed the shallower 9800’ sands at an initial rate of 6.4 MMcfe per day with a flowing tubing pressure of 6400 psi. Brigham is currently preparing to commingle these two zones.  The Sullivan C- 31 also encountered apparent high quality pay in the shallower Brigham sand, which will be completed and commingled at a future date.

           Brigham has drilled six Upper Vicksburg wells to date in its Triple Crown Field.  The company estimates that up to four additional wells could be drilled to fully develop the Upper Vicksburg in the Triple Crown Field, all of which have potential in the newly tested Brigham sands.  Additionally, potential exists for other Upper Vicksburg locations in adjacent fault blocks. To date only two Triple Crown Field wells have penetrated the Lower Vicksburg, and Brigham estimates that up to 18 additional locations could be drilled to fully explore and develop these deeper intervals.

          Bud Brigham, the Chairman, President and CEO stated, “The production established to date by these high working interest Triple Crown Field completions has exceeded our expectations.  Importantly, the newly established production from the Brigham sand proves up additional reserves in the Triple Crown Field for future development.”

          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 domestic natural gas and oil provinces.  For more information about Brigham Exploration, please visit our website at www.bexp3d.com or contact Investor Relations at 512-427-3444.

          Forward Looking Statement Disclosure

          Except for the historical information contained herein, the matters discussed in this news release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 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.  All forward looking statements contained in this release, including any forecasts and estimates, are based on management’s outlook only as of the date of this release, and we undertake no obligation to update or revise these forward looking statements, whether as a result of subsequent developments or otherwise.

          Contact:  John Turner, Director of Finance & Business Development
                         (512) 427-3300

SOURCE  Brigham Exploration Company
          -0-                                        10/19/2005
          /CONTACT:  John Turner, Director of Finance & Business Development of
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