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Ring Begins Drilling Eighth CBP Well; Talks Q1 Operations
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Ring Energy released its operations update for the first quarter of 2017.
In Q1, Ring drilled seven one-mile lateral horizontal San Andres wells and is currently drilling an eighth on its Central Basin Platform asset. Five of the seven wells have been completed, with the remaining two to be completed in the second quarter. In addition, Ring drilled two new saltwater disposal wells and performed extensive work expanding its oil, gas and water handling infrastructure.
On its Delaware Basin property, the Company drilled two new vertical wells. Both wells are scheduled to be completed in the Cherry Canyon formation in the second quarter. Also on its Delaware property, the Company performed recompletions on two existing Cherry Canyon wells, drilled one new saltwater disposal well, and…
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