Monday, March 3, 2025
The Shale Boom in the Permian Is Slowing Down - 360

Going Horizontal in the Permian: Ring Energy Triples CapEx for 2017

9 X the investment per well to yield 15X the reserves With its 2016 reserves up 14% to 27.7 MMBOE from 24.4 MMBOE in 2015, consisting of about 90% oil, a small Midland, Texas-based oil company, Ring Energy (ticker: REI) has decided it’s time to go horizontal. Horizontal well pilot program finds success Ring anticipates spending about $70 million in