Brigham Exploration: Company Record Three Forks Well in Rough Rider and Provides Operations Update

Brigham Exploration Company (NASDAQ:BEXP) reported that the Irgens 27-34 #2H Three Forks well produced almost 2,906 barrels of oil.

The press release is quoted as saying:

The Irgens 27-34 #2H is located in Brigham’s Rough Rider project area in Williams County, North Dakota. To date, Brigham has completed 88 consecutive long lateral high frac stage wells in North Dakota with an average early 24-hour peak rate of approximately 2,797 barrels of oil equivalent.

Brigham Exploration Company’s Chairman, President and CEO Bud Brigham, commented,

“The results of our Irgens 27-34 #2H Rough Rider Three Forks well are outstanding. Results in the Williston Basin continue to confirm the incredible optionality provided by this high quality, oil rich basin and the de-risking that can occur over time as incremental resource play horizons are drilled and completed. The opportunity to add an incremental 500 net Three Forks drilling locations to our de-risked inventory in the near term provides our stockholders with a significant net asset value accretion opportunity.

Click here to access the entire press release