Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Drilling Activity
Ring Drills Three Wells in Q3; Production Up 2.5% YOY
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Ring Energy reported an operations update for the third quarter of 2016.
Key Points: Three Wells Drilled: Drilled two wells at Delaware Basin Cherry Canyon property / one well at its Central Basin Platform property in Q3 Production up to 209,000 BOEs, compared to net production of 204,000 BOEs for the same quarter in 2015In Q3, the Company drilled and completed one new vertical San Andres well and drilled three horizontal San Andres wells which are in various stages of completion on its Central Basin Platform (CBP) asset.
The Company also drilled and completed two new vertical Cherry Canyon wells on its Delaware Basin property and completed a new vertical Cherry Canyon well drilled in the second quarter of 2016. In addition, the Company continued upgrades to its gas gathering system…
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