5,133 boepd!

BEXP announces record initial production: 5,133 boepd for the Sorenson 29-32 1H.  This is permit #18654, in the Ross project area, in the increasingly exciting Alger oil field, which was one of the first fields I highlighted some weeks ago due to this excitement. For those who were concerned that BEXP had "given away" all their interests to stay afloat, BEXP has a 95% working interest in this well. This was a long lateral with 27 frac stages.

• 18654, 4,335, Statoil/BEXP, Sorenson 29-32 1H, Alger, t4/10, cum 394K 9/14;

It's Only Make Believe, Conway Twitty -- yeah, it's only make believe, 5, 133 boepd

The NDIC reported this well at 2,944 bopd last week and I have that posted on my initial high rates page.

Something tells me the BEXP/CEO had trouble sleeping last night waiting for the announcement to be released.

Oil is at a solid $85 this morning, and "talking heads" say oil will be at $90 by summer, nearing $100 by end of year, based on global recovery led by China.

From the press release:

Brigham Exploration Company (NASDAQ: BEXP) announced updated production performance on the Sorenson 29-32 #1H. Subsequent to drilling out frac plugs, the Sorenson produced at an early 24 hour peak flow back rate of 5,133 (4,335 barrels of oil and 4.79 MMcf) barrels of oil equivalent per day, which, based on publicly reported data available to the Company, represents an apparent record production rate for the over 2,700 horizontal wells in the Williston Basin. The Sorenson is located in Brigham's Ross project area in Mountrail County, North Dakota and is a long lateral completed with 27 frac stages, perf and plug and ceramic proppant. Brigham maintains an approximate 95% working interest in the Sorenson. Based on this updated production performance, Brigham has completed five long lateral high frac stage wells in Ross with an average early 24 hour peak flow back rate of approximately 2,980 barrels of oil equivalent per day.