Exploration & Production | Capital Markets | Private Equity Activity
Brigham Exploration Increases Position in Bakken Shale
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Brigham Exploration has increased its total land acquisition in the Williston Basin to 174,000 acres. The property, located in North Dakota, includes 30,000 acres east of the Nesson Anticline, 22,000 acres in Mountrail County with areas of horizontal Bakken completions, and 7,000 acres in potential extensional areas.
In April 2007, Brigham acquired net acreage of 3,000 acres in Mountrail County as a joint venture with Northern Oil and Gas that has grown to 10,000 acres. Brigham's total acreage east of the Nesson Anticline is 30,000 acres with over 22,000 acres located in Mountrail County which has seen recent Bakken horizontal completions. Of the total acreage, 7,000 acres has been acquired in extensional areas that provide data supporting Bakken horizontal drilling.
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