77
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
Related Articles
Higher Forecast for US Airways
A Healthy Flow in Europe's Oil Patch
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
