Brigham had their first quarter 2010 conference call last Friday and the general theme was how they are going to continue to succeed in the Williston Basin (Bakken/Three Forks). The Company currently has roughly 305K net acres in the play, 164K of which they have de-risked. They are running a 4 rig program and plan to bump that up to 5 this month. During the first quarter they averaged 3,232 Boe/d and completed 12 wells which bring their long lateral high frac stage well count up to 21 in the play.
One topic that was discussed was their strategy in achieving the most efficient and effective completion methods in their acreage in the play. They plan to section their acreage into 5 areas where they will vary one variable per area to see the impact it has on well performance for the area. The different variables they plan to vary are the number of frac stages, proppant amount, proppant concentration, sand type and type of frac fluid. They also mentioned that the “plug & perf” method, although more expensive than sliding sleeves, is their preferred method of fracing and they will continue using the method.
Brigham also discussed spacing in the play. They are comfortable using 1280 acre spacing and plan 3 wells per formation for each production unit. For example, in the Ross area where they de-risked the Three Forks formation they will drill at least 6 wells within each spacing unit.
It will be interesting to see the results of Brigham’s efforts in the Bakken once they find the right recipe for success. For a highlight of Brigham’s first quarter 2010 results check out the “DI Highlight – Brigham 1Q 2010 Update” in the Brigham Operator Folder in DNA.
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