BRIGHAM EXPLORATION CO (BEXP)

[Picassa]

Brigham Exploration reports it is accelerating its pace of drilling operations in the Williston Basin; expects to be at 10 operated rigs by July 2011; is ~6 months ahead of its previously announced schedule (BEXP) 26.93 : Co announces it is accelerating its pace of drilling operations in the Williston Basin and expects to be at 10 operated rigs by July 2011, which is ~ 6 months ahead of its previously announced schedule. Co also announced that it has further expanded its Williston Basin acreage position, primarily as a result of an acquisition in its core de-risked area, and that it currently holds 378,100 net acres, 224,400 of which are located in its core operating projects. As a result of its drilling acceleration and acreage acquisitions, co announces that it has increased its oil and gas capital expenditure budget to $835.5 mln.