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Brigham Exploration (BEXP)

Brigham Exploration is on a high-tech treasure hunt for black gold. Using 3-D seismic imaging, the Austin (Tex.)-based oil and gas exploration and production company struck it rich in 2005, scoring record revenues of nearly $97 million. Contributing to its success were strong commodity prices, growth in production, and effective cost control. Over the past three years, the company's annual average profits have risen 110%. And with lucrative reserves spanning Texas and western Oklahoma, the money pool isn't about to dry up, either. Through a joint venture with Penn Virginia, Brigham Exploration is developing at least three new wells in southern Louisiana.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

423.6

Sales*
($ Millions)

106.1

Sales Growth
(3-yr. avg. annual)

40.2 %

Profits*
($ Millions)

30.3

Profit Growth
(3-yr. avg. annual)

110.1 %

Return on Inv. Capital (3-yr.)

8.6 %

Share Price
12-Mo. Hi/Lo

15/7

Share Price
As of 4/28/06

9

Return on Equity

12.1 %

P/E Ratio

14

No. of Employees

62

Industry Oil & Gas Exploration & Production
CURRENT
MARKET INFO

BEXP >

COMPANY WEB SITE >
Location Austin, Tex.
Phone 512 427-3300
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Brigham Exploration engages in the exploration, development, and production of oil and natural gas in the U.S. It utilizes 3-D seismic imaging and other technologies to explore and develop domestic onshore oil and natural gas reserves in the onshore Gulf Coast, the Anadarko Basin in northwest Oklahoma, and the Texas Panhandle and west Texas. As of Dec. 31, 2005, the company had 133.2 billion cubic feet of natural gas equivalent of total proved reserves, approximately 190 exploration prospects, and 151 development drilling locations. It sells its oil and natural gas to intrastate pipeline purchasers, operators of processing plants, and marketing companies. Brigham Exploration was founded in 1990 and is headquartered in Austin.


Data provided by Capital IQ
 
Ben M. Brigham

Ben M. Brigham, 46

Chairman, Chief Executive Officer and President


Total Compensation*

$ 576,019

Total Options Value*

$ 2,635,700

* Fiscal Year 2005

University of Texas - BS


Executive Bio

Ben M. "Bud" Brigham has been the CEO, president, and chairman of the board of Brigham Exploration since its founding in 1990. From 1984 to 1990, Brigham served as an exploration geophysicist with Rosewood Resources, an independent oil and gas exploration and production company. Brigham began his career as a seismic data processing geophysicist for Western Geophysical, a provider of 3-D seismic services, after earning his BS in geophysics from the University of Texas. Brigham is the husband of Anne Brigham, director, and the brother of David Brigham, executive vice-president.


Management Team

Key Executives

Ben M. Brigham; Warren J. Ludlow; A. Lance Langford; Jeffery E. Larson; David T. Brigham; Eugene B. Shepherd

Board Directors

Stephen P. Reynolds; Harold D. Carter; Ben M. Brigham; David T. Brigham; Stephen C. Hurley; Hobart A. Smith; R. Graham Whaling; Steven Webster


Executive Data provided by Capital IQ