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Ring Touts Delaware Basin Acquisition, Four Well Completions in 2Q
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Ring Energy, Inc. reported its operations update for the second quarter of 2015. The company also updated its progress regarding its recent Delaware Basin acquisition.
Click here to access the deal in Shale Experts' M&A Database
In the three months ended June 30, 2015, Ring completed and placed in production four new development wells on their Central Basin properties, two that were drilled in the fourth quarter of 2014, one that was drilled in the first quarter of 2015 and one new development well that was drilled in the second quarter of 2015. In addition, three existing wells were recompleted from the Glorieta to the San Andres formation in the second quarter of 2015.
As a result, net production from the Central Basin properties for the quarter ended June 30, 2015 was approximately…
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