Ring Energy, Inc. Releases First Quarter 2019 Operations Update
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) today released its operations updates for the first quarter of 2019. In the three months ended March 31, 2019, the Company, employing one drilling rig, drilled seven new horizontal wells and four salt water disposal wells. The Company drilled six new horizontal San Andres wells on its Central Basin Platform (“CBP”) asset, five wells which were one mile in length and one well which was one and a half miles in length. In addition, the Company drilled one new horizontal Brushy Canyon well on its Delaware Basin Property (“Delaware”) which was one mile in length. In the first quarter 2019, the Company completed seven wells, six which were drilled in the first quarter 2019 and one which was drilled late in the fourth quarter 2018. Of the seven wells completed, four were completed prior to the midway point in the quarter and had a
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