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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Ring Energy wells in Yoakum County to produce in first week of March

February 25, 2021 by PBOG

The Woodlands-based Ring Energy said this week four horizontal wells drilled in December and January in northwest shelf San Andres “on some of our highest rate-of-return acreage in Yoakum County” are expected to be completed and on production by the first week of March. Ring Energy said Monday it plans to drill 6-to-8 wells and complete 8-to-10 wells in 2021 with capital spending of $44 million to $48 million. Production growth for 2021 is forecast 3-to-8 percent over its 2020 average of 8,790 boed. Production for 2020Q4 was 9,307 boed (86 percent oil) to exceed guidance.

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