Operational Updates | Quarterly / Earnings Reports | Third Quarter (3Q) Update
Ring Focuses on Permian Refracs, Recompletions in 3Q
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Ring Energy, Inc. announced its operations update for the third quarter of 2015.
During the third quarter, Ring drilled two new wells on its Permian Basin properties in Andrews County, Texas, completing one and in the process of completing the other. In addition, the Company recompleted two existing wells and re-fraced three more. On its Delaware Basin properties, the Company drilled one new development well which is in the final stages of completion. Upon completion of the Delaware Basin properties acquisition announced June 30, 2015, management has focused on the evaluation of the existing wells and condition of current infrastructure. One of the first tasks was the upgrading of the salt water disposal system which was completed the first week of October. The system is now capable of…
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