Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Initial Production Rates | Drilling Activity
Ring Ramps Up Drilling at CPB Asset in Q4; Production Up 76% to 422 MBOEs
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Ring Energy reported a Q4 2017 operational update.
Production Up +76% YOY Net production for the fourth quarter of 2017 was approximately 422,000 BOEs, as compared to net production of 240,000 BOEs for the same quarter in 2016, an approximate 76% increase Drilling ActivityQ4:
- In the fourth quarter, the Company completed, tested and filed Initial Potentials on 13 new horizontal San Andres wells – eight wells which were drilled in the third quarter and five which were drilled in the fourth quarter of 2017.
Average IP: 458 BOEPDIn addition, the Company has 20 new horizontal San Andres wells which are currently in varying stages of completion and testing.
Full Year Activity:
For the twelve months ended December 31, 2017, the Company drilled 47 new horizontal San Andres wells on its…
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