The Woodlands-based Ring Energy said last week in second quarter it produced 12,683 barrels of oil per day and 19,990 boed, both within guidance. Ring reported lease operating expenses of $10.12 per barrel of oil equivalent – near the low end of guidance and below the average for Q1. Operations included three 2-mile horizontal wells, a saltwater disposal well, a frac pond and other infrastructure projects. Capital expenses were $43.2 million.
Oil production for second half of 2026 is forecast at 13,000 to 13,950 barrels per day for a midpoint of 2 percent above previous guidance. Ring said Aug. 5 it expects 2027 production guidance about 10 percent above 2026 with capital expenses about 10 percent lower than 2026.
Ring operates in Permian Basin. In northwest shelf as of Dec. 31, 2025, it owned interests in 12,892 gross (8,833 net) developed acres and 8,370 gross (8,318 net) undeveloped acres and operated 7 vertical and 120 horizontal wells. In central basin, it owned interests in 84,193 gross (74,717 net) developed acres and 6,259 gross (4,366 net) undeveloped acres and operated 401 vertical and 265 horizontal wells.
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