Debt | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Drilling Program
Ring Energy Outlines 2016 Well Plans, Capex
Print
|
Ring Energy, Inc. has announced a capital expenditure budget of approximately $23 million for the remainder of 2016.
The budget targets seven vertical wells and three horizontal wells to be drilled. The Company continues to look for acquisition opportunities but has made no provision in its 2016 budget for any acquisition.
The majority of the budget will be spent on Ring’s Central Basin Platform.Starting in the second quarter, the Company plans to drill two new vertical wells each quarter. In addition, the Company plans to drill three horizontal wells beginning in early August. The Company also plans to drill one new vertical well on its Delaware Basin property in late second or early third quarter 2016.
Also included in the 2016 budget are ongoing remedial work, continued…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Drilling Program - Wells News
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
Coterra Energy – 2025 Development Summary
Strategic Focus Coterra’s 2025 development program emphasizes: Capital discipline Balanced exposure to oil and gas markets Efficient multi-basin operations High-return well inventory utilization The company plans to maintain…
Appalachia E&P Details 2025, Rig, Wells & Completion Crew Programs
The appalachian operators/E&Ps detailed their 2025 well development plans. Here is a look at 2024, vs 2025.
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
Shale Experts has distilled company presentations, 4Q 2024 capex & development guidance to generate a list of operators and their respective permian basin 2024 development plans. Chevron, said…
Earthstone Energy Talks 2022 Results; Plans Five-Rig Program for 2023
Earthstone Energy, Inc. announced financial and operating results for the quarter and year ended December 31, 2022. 2023 Guidance The Company reaffirms its guidance released on February 16,…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…