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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): APRIL 1, 2002
BRIGHAM EXPLORATION COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 000-22433 75-2692967
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6300 BRIDGEPOINT PARKWAY
BUILDING TWO, SUITE 500
AUSTIN, TEXAS 78730
(Address, including zip code, of principal executive offices)
RegistrantSec.s telephone number, including area code: (512) 427-3300
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ITEM 5. OTHER EVENTS.
On April 1, 2002, the Registrant issued a press release announcing that it
has regained surface control of its Providence Field development well. The full
text of the press release which is set forth in Exhibit 99.1 hereto is filed and
incorporated in this Report as if fully set forth herein.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Item Exhibit
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99.1* Press Release dated
April 1, 2002.
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* filed herewith.
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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: April 2, 2002 By: /s/ Curtis F. Harrell
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Curtis F. Harrell
Executive Vice President &
Chief Financial Officer
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INDEX TO EXHIBITS
Item Number Exhibit
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99.1* Press Release dated
April 1, 2002.
EXHIBIT 99.1
[GRAPHIC OMITED]
BRIGHAM NEWS RELEASE
Exploration Company FOR IMMEDIATE RELEASE
BRIGHAM EXPLORATION REGAINS SURFACE CONTROL OF PROVIDENCE FIELD DEVELOPMENT WELL
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Austin, TX -- (PRNewswire) - April 1, 2002 -- Brigham Exploration Company
(NASDAQ:BEXP) today provided an update on the well control incident at its
Burkhart #1 development well in its Providence Field, Matagorda County, Texas.
PROVIDENCE FIELD DEVELOPMENT
On Sunday, March 24, 2002, Brigham experienced a loss of surface control
while drilling the Burkhart #1, its first offset to the Staubach #1 discovery
well for the Providence Field. On March 29, 2002, and prior to completion of
capping operations, the Burkhart #1 well bridged off naturally. Subsequently,
additional blow out prevention equipment was installed and the well was shut in.
Brigham is currently moving the drilling rig to commence the drilling of a
relief/replacement well to intersect and cement the Burkhart #1 borehole over
the Middle Frio interval that generated the uncontrolled flow. Brigham plans to
continue drilling deeper to test another potential pay sand prior to
encountering the Lower Frio sands currently producing in the Staubach #1.
Brigham expects results from drilling the relief/replacement well by late May.
Bud Brigham, Brigham's CEO and President, commented, "Obviously, we are
very pleased to have capped the surface flow of the Burkhart #1 without
significant injuries or harm to the environment. We're very eager to re-drill
the pay we encountered in the Burkhart #1. In addition, we also want to test a
deeper sand that provides prolific production just a few miles away. We're
hopeful that we can drill this deeper potential pay sand prior to drilling into
our primary objective, the Lower Frio pay interval that is currently producing
at exceptional rates from our Staubach #1 well. Therefore, while the problems
we've experienced in drilling our first development well in our Providence Field
have delayed the onset of additional production volumes, they've also
demonstrated that the reserve potential of this large structure is not limited
to the pay intervals currently producing in our Staubach #1 discovery well."
ABOUT BRIGHAM EXPLORATION
Brigham Exploration Company is an 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 STATEMENTS 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, Manager - Finance & Investor Relations
(512) 427-3300 / investor@bexp3d.com
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