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Ring IPs First HZ Brushy Canyon Well in Delaware Basin; Talks Q2 Drilling
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Ring Energy reported an operations update for the second quarter of 2018.
The company logged Q2 production of 532,000 BOEs, up 57% YOY. Delaware Basin - First HZ Brushy Canyon Well CompletedCurrently preliminary results are exceeding 130 BOPD and over 2.8 MMcf/d.
Mr. Danny Wilson, stated, "We are very encouraged with the initial results we are seeing, and are currently building out and improving our infrastructure in order to transport the gas to market. We anticipate gas sales to commence early in the fourth quarter of 2018 and are currently evaluating future development opportunities over the Company leasehold."
CBPDrilled 14 new horizontal San Andres wells, and were in the process of drilling number 15 on its CBP and one on its North Gaines Property at the end of the quarter.
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