Brigham-Clayton Williams JV Strikes Oil in Louisiana

Brigham Exploration Company announced that the first of six wells it plans to drill as part of its Southern Louisiana joint venture is an apparent discovery.

The SL 18826 #1 encountered approximately 100 feet of apparent Miocene pay in four intervals at depths of between 7,140 and 7,680 feet. Parker Drilling's inland barge PD-8B drilled the well. Completion operations are underway and production to sales is expected in August.

Brigham expects to commence its next two wells in its Southern Louisiana joint venture with Clayton Williams Energy Inc. in the next several weeks. Brigham retains a 50% working interest in all joint venture wells with Clayton Williams Energy Inc. also retaining a 50% working interest. The SL 19312 #1 and SL 19054 #1 will also target Miocene objectives at depths of 9,300 and 7,600 feet, respectively.

"We've been looking forward to drilling these outstanding prospects with Clayton Williams Energy Inc," said Bud Brigham, the Chairman, President and CEO. "This high quality inventory leverages seismic amplitudes and other attributes to effectively reduce drilling risks. The results for the first well, drilled in the Main Pass area, have exceeded our expectations with excellent permeabilities and apparent porosities as high as 30%. We expect this well to be a significant producer which will positively impact our production in the third and fourth quarters."

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