Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2019
Ring Energy Details 2019 Capex, Drilling & Frac Program
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Ring Energy, Inc. has details its 2019 capital budget.
Management noted they will release a complete 2019 capex mid-year after finishing their examination and evaluation of all existing operated and non-operated wells, infrastructure and facilities of the newly acquired NWS assets.
2019 Plans- 2019 Capex: $154 million
- Well Plans: Drill 50 new wells
8 (26 1-mile / 2 1.5-mile) new San Andres horizontal wells on its CBP asset 21 (19 1-mile / 2 1.5-mile) new San Andres horizontal wells on its NWS asset 1 new Brushy Canyon horizontal well on its Delaware Basin property- Rigs: 2 rigs running (2nd one just added)
Drill Site OutlookIn support of the current two-rig drilling and development program, management has provided a breakdown below of potential drill sites by location and…
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