Brigham Exploration (BEXP) Reports Figaro 29-32 #1H Bakken Well Produces at Initial Rate of ~1,985 BOEPD
Brigham Exploration Company (NASDAQ: BEXP) announced that the Figaro 29-32 #1H produced approximately 1,895 barrels of oil equivalent per day from the Bakken formation during its early peak 24 hour flow back period. Brigham's Figaro 29-32 is the second 18+ stage fracture stimulation completed west of the Nesson Anticline and the fourth overall 18+ stage fracture stimulation completed by Brigham in the Williston Basin.
The Figaro 29-32 was successfully fracture stimulated and produced approximately 1,616 barrels of oil and 1.7 MMcf of natural gas, or 1,895 barrels of oil equivalent, from the Bakken formation during an early peak 24 hour flow back. The Figaro 29-32 is located in McKenzie County, North Dakota in Brigham's Rough Rider project area and is approximately five miles northeast of its Mrachek 15-22H, which was completed in 2008 with seven fracture stimulation stages at an early peak 24 hour production rate of 727 barrels of oil equivalent per day. Brigham maintains an approximate 95% working interest and 74% net revenue interest in the Figaro 29-32.
In a continuing effort to improve well performance through technological innovation, the Figaro 29-32 was completed using a 19 interval swell packer assembly and Halliburton's SurgiFrac technology, which incorporated 35 pinpoint fracture stimulations. The SurgiFrac technology allows for the stimulation of multiple intervals without the use of mechanical plugs or sliding sleeves. On its upcoming Brad Olson 9-16 #1H and BCD Farms 16-21 #1H completions, Brigham plans to use the "perf and plug" technique with 28 fracture stimulation stages and will continue to evaluate alternative drilling and completion technologies in order to further enhance well performance and economics in the Williston Basin.
The Figaro 29-32 was successfully fracture stimulated and produced approximately 1,616 barrels of oil and 1.7 MMcf of natural gas, or 1,895 barrels of oil equivalent, from the Bakken formation during an early peak 24 hour flow back. The Figaro 29-32 is located in McKenzie County, North Dakota in Brigham's Rough Rider project area and is approximately five miles northeast of its Mrachek 15-22H, which was completed in 2008 with seven fracture stimulation stages at an early peak 24 hour production rate of 727 barrels of oil equivalent per day. Brigham maintains an approximate 95% working interest and 74% net revenue interest in the Figaro 29-32.
In a continuing effort to improve well performance through technological innovation, the Figaro 29-32 was completed using a 19 interval swell packer assembly and Halliburton's SurgiFrac technology, which incorporated 35 pinpoint fracture stimulations. The SurgiFrac technology allows for the stimulation of multiple intervals without the use of mechanical plugs or sliding sleeves. On its upcoming Brad Olson 9-16 #1H and BCD Farms 16-21 #1H completions, Brigham plans to use the "perf and plug" technique with 28 fracture stimulation stages and will continue to evaluate alternative drilling and completion technologies in order to further enhance well performance and economics in the Williston Basin.
You May Also Be Interested In
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Bakken FormationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
