Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2020 | 2020 Guidance
Ring Energy Talks 2020 Plans; Spending, Drilling Down 44% YOY
Print
|
Ring Energy Inc. detailed its 2020 capital plan.
2020 Plans - Cuts to Capex, Wells and Rigs YOYRing has cut its spending, well and rig plans across the board for 2020. However, its estimated production guidance for the year was not disclosed.
Spending and drilling will both be down 44% compared to 2019 levels.
Ring estimates that D&C costs will be approximately $61 million. All non-drilling expense (including non-operated CAPEX) will be approximately $24 million.
Well Program DetailsRing plans to drill and complete 18 new horizontal wells (13 1-mile / 5 1.5-mile) on its Northwest Shelf asset, well workovers including converting wells to rod pump, infrastructure upgrades / extensions on its NWS, Central Basin Platform, Delaware assets along with all contractual drilling obligations…
- ✓ 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 Capital Expenditure - 2020 News
Diamondback Drill & Complete 456 Wells with $4 Billion Capex IN 2025
Diamondback provided the following 2025 gudiance. 2025 Guidance & Strategy: Production & CapEx: Oil Production: 485 – 498 MBO/d (883 – 909 MBOE/d total) CapEx: $3.8B – $4.2B…
Operator Ramps Up 2022 Permian Spending by 65%; Nine Rigs, 315 Completions
Occidental Petroleum detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $3.9-4.3 billion - up 43% vs. 2021 Oil and Gas D&C: $3.2-3.4 billion - up…
EQT Details 2022 Guidance: Spending, Rigs, Frac Crews, Wells
EQT Corp. announced financial and operational guidance for 2022. 2022 Plans - Capex: $1.3-1.45 billion - up 25% vs. 2021 D&C: $1.01-1.11 billion Leasehold, Land: $110-130 million Other:…
Berry Corp. Fourth Quarter, Full Year 2020 Results
Berry Corp. reported its Q4 and full year 2020 results. Berry reported fourth quarter and full-year 2020 results. For the full year Berry's net loss was $263 million,…
Pioneer Focusing on Midland Ops for 2021, Capex Flat YOY; Talks 2020 Results
Pioneer Natural Resources Co. reported its 2021 capital plan and Q4/full year 2020 results. 2021 Plan - Capex: $2.5-2.8 billion - relatively flat vs. Parsley/Pioneer combined 2020 spending…
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…
Permian - Central Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…