Brigham Exploration Logs Pay at Mills Ranch Well
Brigham Exploration says that the Mills Ranch 96 #1 is currently finalizing logging after encountering good drilling shows in an apparently normal and unfaulted Hunton section, including the primary Chimney Hill objective. Wire line logs were run, but due to cuttings which settled in the bottom of the borehole the lower portion of the Hunton Chimney Hill section was not wire line logged. Plans are to clean out the lower section and re-log. Brigham operates the Mills Ranch 96 #1 with a 68% working and 56% net revenue interest, with Panhandle Royalty participating with a 10% working and 13% net revenue interest. The well is expected to be completed to sales by early November.
Brigham has successfully repaired the tubing leak which interrupted production from the Mills Ranch 98 #2 during a portion of the second and all of the third quarter. The company expects to have the well back on line within the next several weeks. Prior to the mechanical problem, the Mills Ranch 98 #2 was producing approximately 3.3 MMcfe per day.
The Mills Ranch prospect is located in the Anadarko Basin in northwest Oklahoma.
Bud Brigham the Chairman, President and CEO stated, "We're very encouraged by the results of our Mills Ranch 96 #1 development well. Based on logs and shows it compares favorably to the better producers in the area, where Hunton completions have averaged approximately 22 Bcfe of production to date. The Mills Ranch 96 #1 offsets our Mills Ranch 97 #1, which has produced over 6.1 Bcfe in less than six years."
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