Energy Prospectus

Brigham Exploration Announces Record North Dakota and Montana Bakken Completions and Provides an Operational Update

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Press Release Source: Brigham Exploration On Wednesday April 13, 2011, 8:30 am
AUSTIN, TX--(Marketwire - 04/13/11) - Brigham Exploration Company (NASDAQ:BEXP - News) announced that its Sorenson 29-32 #2H Bakken well produced a North Dakota Bakken record 5,330 barrels of oil equivalent during its early 24-hour peak flow back period. Brigham also announced that its Johnson 30-19 #1H Bakken well, which is located in Richland County, Montana, produced a Montana Bakken record early 24-hour peak flow back rate of approximately 2,962 barrels of oil equivalent. Brigham announced the completion of four additional North Dakota Bakken wells and, as a result, has completed 56 consecutive long lateral high frac stage wells in North Dakota at an average early 24-hour peak flow back rate of approximately 2,884 barrels of oil equivalent. Finally, Brigham provided an update on its drilling and completion activities in the Williston Basin.

rest of report------

http://finance.yahoo.com/news/Brigham-E ... l?x=0&.v=1

just what we needed


UPDATE 1-Brigham reports positive well results, shares up

Brigham Exploration Co
BEXP.O
$32.41
04/12/2011
Wed Apr 13, 2011 9:11am EDT

* Says wells in North Dakota, Montana flowed above-average

* Shares up 4 pct in pre-market trade (Adds details, background)

April 13 (Reuters) - Oil-focused explorer and producer Brigham Exploration Co reported above-average initial production rates from its two new wells in the lucrative Bakken shale formation, sending its shares up about 4 percent.

The company reported an early 24-hour peak production rate of 5,330 barrels of oil equivalent (boe) from its Sorenson 29-32 #2H well in North Dakota. This compares with about 2,884 boe of average early production it achieved from 56 wells in the region.

Austin, Texas-based Brigham also reported an initial production rate of 2,962 boe from its Johnson 30-19 #1H well in Montana, which it says is a record for Bakken wells in the state.

In the past year, the company has reported initial flow back rates of anything between 900 to 5,100 boe per day from its Bakken properties. [ID:nSGE64P0E6] [ID:nSGE6300HL] [ID:nSGE6BE08J]

Among the tight rock formations known as shales, the Bakken -- located in North Dakota and Montana -- has the highest crude oil content, which is proving valuable as natural gas prices remain in a slump and oil prices are on a rising trend, sparking a bout of Bakken deals. [ID:nSGE6950L9] [ID:nN20139968]

Shares of Brigham have almost doubled in value in the past one year, mostly on back of well results. They closed at $32.41 Monday on Nasdaq and were up 4.2 percent at $33.78 in pre-market trade on Tuesday. (Reporting by Arup Roychoudhury; Editing by Jarshad Kakkrakandy)

Read what I think of BEXP in the "Sweet 16 Detailed Update" which you can find under the Sweet 16 tab on the website. Just click on Sweet 16 Forecasts.

Analyst Actions: Brigham Exploration Downgraded to Hold from Buy at Stifel Nicolaus; Shares Off 1% in Pre-Market 04/26 07:14 AM

08:14 AM Eastern Daylight Time, 04/26/2011 (MidnightTrader) -- Stifel Nicolaus reportedly downgraded Brigham Exploration (BEXP:$34.595,0$0.435,01.27%) to Hold from Buy citing valuation.
Shares are down 1.14% to $34.20 in pre-market trading.
Price: 34.20, Change: -0.40, Percent Change: -1.14
http://www.midnighttrader.com