Gulf Coast Louisiana Miocene Trend
Bayou Postillion Project, Iberia Parish -- The Cotten Land Corp. #1 is currently producing to sales at a rate of approximately 10.2 MMcf of natural gas and 26 barrels of oil (10.4 MMcfe) per day, or 3.0 Mmcfe per day net to Brigham's 29% net revenue interest, with strong flowing tubing pressures. Penn Virginia also retains a significant working interest in the Cotten Land #1 well. In the next several days, Brigham plans to perforate an additional apparent pay interval, and as a result the production rate may be increased over time.
Bud Brigham the Chairman, President and CEO stated, "As expected, the Cotten Land is a significant producer for the company, although it commenced producing to sales later in the third quarter than anticipated. This well, and the recently completed 100% working interest Sullivan F-33 Vicksburg well, which continues to produce at almost 10 MMcfe per day, should fully impact our fourth quarter production. These two wells alone are currently providing us with just over 10 MMcfe of net daily production. Combining these wells with other significant wells currently completing and drilling, provides additional evidence for what should be record average daily production volumes for the fourth quarter."
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