Operational Updates | Production Rates | Initial Production Rates | Drilling Activity
Ring Talks Q1 San Andres IPs; Production Up 90% YOY to 507 MBOE
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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 drilling two additional new horizontal San Andres wells at the end of the quarter.
- The average IP on the 12 completed wells was ~436 boepd.
-Net production for the first quarter of 2018 was approximately 507,000 BOEs, as compared to net production of 266,000 BOEs for the same quarter in 2017, an approximate 90.6% increase
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