Operator · Permian Basin
Ring Energy Inc.
80 articles mentioning Ring Energy Inc. · Page 3 of 4
Permian Operator Bolsers 2018 Budget by Over +30%; Adds Wells to Agenda
Ring Energy has bumped up its 2018 budget by approximately $47 million, making an estimated total of $197 million (an increase of over +30%). Ring is not the first company to increase its budget plans for...
Ring Tags +55% Production Growth YOY at 5.6 MBOEPD; Talks San Andreas Economics
Ring Energy reported its Q2 2018 financial and production results. Highlights: - Q2 production of 522.6 MBOEs (5,607 BOEPD) (up +55% YOY and up +3% from 1Q18) Oil sales volume increased to 469.5 MBOs (up +53%...
Ring IPs First HZ Brushy Canyon Well in Delaware Basin; Talks Q2 Drilling
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 Completed Currently preliminary results are...
Ring Energy Gets Boost in Borrowing Base from its Lender; $175MM
Ring Energy reported that the borrowing base on the Company's $500 million senior secured credit facility has been increased from $60 million to $175 million in connection with the Company's recent borrowing base redetermination. All other...
Ring Reports $5 Million Net Income; Production Growth +91% Year-over-Year
Ring Energy reported Q1 2018 results. Here are the quick highlights. Net income of $5,665,634 There was no outstanding debt on the Company's $500 million senior secured credit facility at March 31, 2018. Production : 5,721...
Ring Talks Q1 San Andres IPs; Production Up 90% YOY to 507 MBOE
Ring Energy reported an operational update for Q1 2018. Highlights: In Q1, Ring drilled 12 new horizontal San Andres wells, one new horizontal Brushy Canyon well, three saltwater disposal wells, and was in the process of...
Ring Energy Gets Oilier in 2017; Touts 108% Increase YOY
Ring Energy reported its 2017 financial results. Highlights: For the three months ended December 31, 2017, oil sales volume increased to 418,165 barrels, compared to 201,041 barrels for the same period in 2016, an 108% increase....
Ring Talks 2018 Spending Plans; Up 25% YOY
Ring Energy has detailed its 2018 capital plans. 2018 Plans - 2018 Capex: $150 million (up +25% from $120 million spent in 2017) - Two Rigs Running - Well Plans: Drill approximately 60 new horizontal wells...
Ring Ramps Up Drilling at CPB Asset in Q4; Production Up 76% to 422 MBOEs
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...
Ring Energy's Q3 Production Up 80% YOY at 376 MBOEs
Ring Energy reported an operations update for Q3 2017. Production Increase in Q3: Q3 2017 was approximately 376,000 BOEs (up +80% YOY and up +11% from Q2 2017) D&C Activity: Central Basin Platform: Completed the drilling...
Ring's Oil Sales Volumes Up 90% YoY; D&C Cost in Line with Guidance
Ring Energy released its quarterly release where it focused on its production and an acquisition in Gaines County, TX.Highlights Include: Oil sales volumes for Q2 were 306,402 bbls, up 90% from 160,925 bbls in Q2 2016....
Ring's Production Up ~30% from Q1; Focus on Central Basin Platform
[Summary: In Q2 2017, Ring Energy drilled eight wells and is working on its ninth at its Central Basin Platform asset. Additionally, Ring drilled two new wells in its Deleware Basin property, and both are awaiting...
Ring Begins Drilling Eighth CBP Well; Talks Q1 Operations
Ring Energy released its operations update for the first quarter of 2017.
Ring Energy To Continue San Andres Development; 22 Wells Plan For 2017
Ring Energy provided the following update in its Q4 2016 Update. Ring Energy's CEO provided the following update. "2016 started slowly as a year of patience and perseverance, and finished as one of pursuit and productivity....
Ring Ups Output 10% YOY to 240,000 BOEs; Spins Bit at First 2017 Well
Ring Energy detailed its operations update for the fourth quarter of 2016.
E&P Plans To Drill 22 Horizontal Wells In Andrews County In 2017
The company also plans to drill 260% more wells YOY.
Ring Drills Three Wells in Q3; Production Up 2.5% YOY
Ring Energy reported an operations update for the third quarter of 2016.
Ring Energy Culberson County Vertical Well Flows 257 BOPD
Vertical well which IP'd at 257 BOPD in Culberson County
Ring Doubles Acreage at CBP Asset; Drills Three Wells
Ring Energy reported an update on their three well horizontal drilling program which began in early August on the Company’s Central Basin Platform (CBP) asset.
Ring Energy Begins HZ Well Project at Central Basin Property
Ring Energy, Inc. reported financial results for the three months and six months ended June 30, 2016.