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): February 19, 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)
Registrant's telephone number, including area code: (512) 427-3300
Item 5. Other Events.
On February 19, 2002, the Registrant issued a press release announcing
that it began producing to sales from the Providence field and successful
discoveries in its Vicksburg and Springer Focus plays. 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.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Item Exhibit
99.1* Press Release dated
February 19, 2002.
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* filed herewith.
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 19, 2002 By: /s/ Curtis F. Harrell
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Curtis F. Harrell
Executive Vice President &
Chief Financial Officer
EXHIBIT 99.1
INDEX TO EXHIBITS
Item Number Exhibit
99.1* Press Release dated
February 19, 2002.
EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
BRIGHAM EXPLORATION BEGINS PRODUCTION FROM PROVIDENCE FIELD AND ANNOUNCES
SUCCESSFUL DISCOVERIES IN ITS VICKSBURG AND SPRINGER FOCUS PLAYS
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Austin, TX -- February 19, 2002 -- Brigham Exploration Company
(Nasdaq:BEXP) today announced production to sales for its Providence Field
discovery well, the Staubach #1, at a rate of approximately 17 MMcfe per day.
Brigham also announced an apparently successful Triple Crown development well,
the completion to sales of its sixth Home Run Field development well and its
seventh successful Springer Channel well in the Anadarko Basin in nine recent
attempts.
Texas Gulf Coast
Providence Field, Matagorda County, Texas - The Brigham-operated Staubach
#1, which reached total depth in mid-December, recently began producing to sales
at a rate of approximately 5.0 MMcf of natural gas and 2,000 barrels of oil (17
Mmcfe) per day, or 5.3 MMcfe per day net to Brigham's 31% revenue interest.
Other participants include Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) with a 35%
working interest, Aspect Energy LLC with a 7% working interest, and Samedan Oil
with a 7% working interest. Brigham plans to spud its first offset within the
next thirty days, with at least one additional offset planned for 2002.
Triple Crown Field, Brooks County, Texas - Brigham is currently drilling
the Sullivan F-31, a direct offset to its Triple Crown Field discovery well, the
Dawson #1. The Triple Crown Field is one of several downthrown fault blocks
adjacent to Brigham's 1999 Home Run Field discovery. Brigham retains a 42%
working interest and 31% net revenue interest in the Sullivan F-31. Based upon
open-hole logs, the Sullivan F-31 encountered approximately 65 feet of apparent
Upper Vicksburg net pay with porosity greater than 15%, including several
intervals with porosity as high as 26%. Current plans include the setting of
casing over the apparently productive Upper Vicksburg interval, and subsequent
drilling to test deeper potential pay sands which should be structurally high to
the Dawson #1 discovery well. Brigham anticipates the commingling of productive
intervals and production to sales by late March or early April.
Home Run Field, Brooks County, Texas - Brigham is currently completing its
sixth development well since the discovery of the Home Run Field in late 1999.
The C-28 has been fracture stimulated and successfully tested to sales in five
Lower Vicksburg pay intervals with commingling operations currently underway.
The Company anticipates that the C-28 will begin producing to sales later this
week at rates comparable to its recent Sullivan C-27 completion. The Sullivan
C-27 initially produced at a rate of 11.3 MMcf of natural gas and 506 barrels of
condensate (14.3 MMcfe) per day, or 3.6 MMcfe per day net to Brigham's 25%
revenue interest.
Anadarko Basin
Springer Channel Discovery, Blaine County, Oklahoma - Brigham is currently
completing its seventh successful Springer channel discovery well in nine recent
attempts. The Brigham-operated well encountered 56 feet of gross sand with 32
feet of apparent net pay. Brigham retains a 36% working and 29% revenue interest
in the discovery, which should begin producing to sales by early March. The
Company will retain a 34% working interest in its next Springer Channel test
which is scheduled to spud in early March.
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 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.
Contact: John Turner, Manager of Finance and Investor Relations
(512) 427-3300 / investor@bexp3d.com