2010-10-05-2010-10-05-2010-10-05

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Acquired 10,200 net acres in ND Williston Basin, with 7,600 net acres in its core Rough Rider project area.

Brigham Exploration Co., Austin, Texas, (Nasdaq: BEXP) has acquired additional leasehold covering approximately 10,200 net acres in the North Dakota Williston Basin from Denver-based Zavanna LLC and other sellers.

Approximately 7,600 acres are in Brigham's core Rough Rider project area. The company now has 368,400 net acres in the Williston Basin, with 205,600 net acres in the core area.

Brigham chairman, president and chief executive Bud Brigham says, "Our land department continues to actively acquire quality acreage in and adjacent to our core areas at attractive costs. We closed on an additional large acreage acquisition in Rough Rider representing approximately 6,000 net acres, all of which is core, and a significant portion of which is held by production. We believe that our track record of 36 consecutive strong producers provides us with a competitive advantage while leasing and we hope to continue to capitalize on that advantage."