Brigham Exploration Co. announces new discoveries
Brigham Exploration Co. (Nasdaq: BEXP), an oil and gas exploration and production company, said it discovered three new wells in Mountrail County, N.D. Bakken and reported a high working interest Red River discovery in Sheridan County, Mont.
The Austin, Texas-based company also reported a new 50% working interest in a Southern Louisiana joint venture to operate the drilling of six wells.
The small cap said its discoveries increased acreage growth to 219,000 net acres, with approximately 67,500 net acres in Mountrail County and extensional areas.
Shares of Brigham Exploration (BEXP) gained $0.49, or 6.76%, to $7.74 in pre-market. Shares of Brigham Exploration have been trading in the range of $4.17 to $8.08 for the past 52 weeks.
