-----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, PBehm4OJespdyRs2d7nS+AzxZ9VUPDyStxCwJ8LOMBQbviKaw+Kl/MfCYYkdxaY0 OH6AngKRw/j8TX77iQg3fA== 0001362310-09-001194.txt : 20090205 0001362310-09-001194.hdr.sgml : 20090205 20090205164600 ACCESSION NUMBER: 0001362310-09-001194 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090203 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090205 DATE AS OF CHANGE: 20090205 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: 001-34224 FILM NUMBER: 09573544 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 c80141e8vk.htm FORM 8-K Filed by Bowne Pure Compliance
 
 

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): February 3, 2009

Brigham Exploration Company
(Exact name of registrant as specified in its charter)
         
Delaware   001-34224   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 of Principal Executive Offices)   (Zip Code)

Registrant’s 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 240.13e-4(c))

 
 

 

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Item 2.02 Results of Operation and Financial Condition and Item 7.01 Regulation FD Disclosure

We are furnishing our press release dated February 3, 2009, which provides an operational update.  The text of the press release is furnished as attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit 99.1 Press release dated February 3, 2009.

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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: February 5, 2009

By: /s/ EUGENE B. SHEPHERD, JR.                 
        Eugene B. Shepherd, Jr.                            
        Executive Vice President &
        Chief Financial Officer

 

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INDEX TO EXHIBITS

         
Item Number   Exhibit
       
 
  99.1    
Press release dated February 3, 2009.

 

5

EX-99.1 2 c80141exv99w1.htm EXHIBIT 99.1 Filed by Bowne Pure Compliance
Exhibit 99.1
     
(BRIGHAM EXPLORATION LOGO)
  NEWS RELEASE
FOR IMMEDIATE RELEASE
BRIGHAM EXPLORATION ANNOUNCES 1,200 BARREL OF OIL PER DAY BAKKEN COMPLETION WEST OF NESSON ANTICLINE
Austin, TX — February 3, 2009 — Brigham Exploration Company (NASDAQ: BEXP) announced the completion of its Olson 10-15 #1H well, which is west of the Nesson Anticline in Williams County, North Dakota, at an initial 24-hour production rate of approximately 1,200 barrels of oil and 1.4 MMcf of natural gas per day. Brigham also announced an apparent Red River discovery in Roosevelt County, Montana and production to sales of its Chandeleur Sound SL 19312 #1 well. Finally, fourth quarter 2008 production is expected to be slightly over 37 MMcfe per day.
Olson 10-15 #1H — Brigham has successfully completed its Olson 10-15 #1H at an initial production rate of approximately 1,200 barrels of oil and 1.4 MMcf of natural gas per day. Brigham owns a 100% working interest and an approximate 80% revenue interest in the well. The Olson is located in Williams County, North Dakota, which is west of the Nesson Anticline. Surrounding the Olson, in both Williams and McKenzie Counties, North Dakota, Brigham controls approximately 105,000 net acres for future development.
The Olson is located between the Field 18-19H and Erickson 8-17H, which were drilled in late 2006. The Field and Erickson were both long laterals completed with one large fracture stimulation and came on-line at initial production rates of approximately 200 barrels of oil per day. The Field and Erickson subsequently produced at stabilized rates of approximately 50 to 90 barrels of oil per day. The Olson is also a long lateral well; however, it was completed with swell packers and 20 fracture stimulation stages, as opposed to a single uncontrolled stimulation in the case of the Field and Erickson wells.
Friedrich Trust 31 #1 — Brigham has successfully completed its third apparent Red River discovery in Roosevelt County, Montana. The Friedrich Trust 31 #1 was successfully drill-stem tested with 100% oil collected in the test chamber. The well experienced minimal pressure drawdown during testing. Including the Richardson 25 #1 and Richardson 30 #1, Brigham has now successfully drilled 3 consecutive Red River wells using 3-D seismic stratigraphic attributes to identify Red River reservoirs. Brigham owns a 77% working interest and an approximate 59% revenue interest in the Friedrich Trust. The well is expected to come on-line to production by the end of the month.
Chandeleur Sound SL 19312 #1 — Brigham successfully brought on-line its Chandeleur Sound SL 19312 #1 discovery in late-January at an initial production rate of approximately 2.9 MMcfe per day. Brigham retains a 50% working and 38% revenue interest in the well with Clayton Williams Energy Inc. (NASDAQ: CWEI) retaining a 50% working interest.
Bud Brigham, the Chairman, President and CEO, stated, “We’re excited about the very strong initial performance of our Olson 10-15 #1H. Importantly, we believe this high rate completion validates the transfer of completion technologies from Mountrail County, North Dakota to our sizeable acreage position west of the Nesson Anticline. Further, we believe we are the first company in the Williston Basin to have both run nineteen swell packers and fracture stimulate twenty stages in a long lateral. We believe the Olson’s strong initial production rate, the strongest of any well we’ve completed to date, further validates our belief that increasing the reservoir exposed to the borehole while increasing the number of fracture stimulation stages enhances well performance and economics. We anticipate completing the Figaro 29-32 #1H, the Strobeck 27-34 #1H and the Anderson 28-33 #1H with 20 fracture stimulation stages as soon as we see some moderation in pressure pumping service costs. Assuming the drilling of two laterals across two sections, we could drill approximately 164 net wells on our approximate 105,000 net acres west of the Nesson Anticline.”

 

 


 

Page 2
Bud Brigham continued, “We anticipate our fourth quarter 2008 production to come in slightly above 37 MMcfe per day. In the first quarter 2009, we anticipate our production volumes will benefit from bringing the Olson 10-15 #1H, the Friedrich Trust 31 #1, the Chandeleur Sound SL 19312 #1 and the Breton Sound SL 19054 #1 on-line to sales.”
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 for and develop onshore domestic oil and natural gas reserves. 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 federal securities laws. Important factors that could cause our actual results to differ materially from those contained in the forward-looking statements include our growth strategies, our ability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business, our liquidity and ability to finance our exploration and development activities, market conditions in the oil and gas industry, our ability to make and integrate acquisitions, the impact of governmental regulation and other risks more fully described in the company’s filings with the Securities and Exchange Commission. Forward- looking statements are typically identified by use of terms such as “may,” “will,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements may be expressed differently. 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:   Rob Roosa, Finance Manager
(512) 427-3300

 

 

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