Horizontal

U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

The U.S. horizontal oil rig count is poised to drop by an estimated 65% amid the unprecedented effects of the oil price war and Covid-19pandemic, according to a new analysis by Rystad Energy.

April 8, 2020
U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

U.S. Rig Count Seen Dropping Further and Faster Than Previous Downturns as Covid-19, Price War Take Toll

The U.S. horizontal oil rig count is poised to drop by an estimated 65% amid the unprecedented effects of the oil price war and Covid-19pandemic, according to a new analysis by Rystad Energy.

April 8, 2020
Ring Energy Boosts Permian Output 80% in Third Quarter

Ring Energy Boosts Permian Output 80% in Third Quarter

Permian Basin operator Ring Energy Inc., whose forte is the Central Basin Platform (CBP), produced 376,000 boe net during the third quarter, an 80% increase from a year ago and an 11% sequential gain, despite weather issues and delays.

October 6, 2017

Oklahoma Expands Long-Lateral Drilling Rules to Conventional Plays

Implementing a law passed earlier this year by the state legislature, the Oklahoma Corporation Commission (OCC) has adopted on an emergency basis long-lateral drilling rules that apply to all oil and natural gas formations in the state, not only unconventional plays.

August 24, 2017

Ring Energy Bolts On 33,000 Acres, Expands Horizontal CBP Footprint

Midland, TX-based independent Ring Energy Inc. said Monday that it has acquired 33,000 undeveloped acres in Gaines County, TX, with an eye toward growing its horizontal drilling footprint in the Central Basin Platform (CBP) in the Permian Basin.

April 17, 2017

Ring Drills Seven Horizontal Wells in Permian’s CBP, Grows Production 10.8% in 1Q2017

Midland, TX-based Ring Energy Inc. continues to get results from its horizontal wells in the Permian Basin’s Central Basin Platform (CBP).

April 7, 2017
Ring Energy Remaining Focused on Permian’s Central Basin Platform

Ring Energy Remaining Focused on Permian’s Central Basin Platform

Midland, TX-based Ring Energy Inc. grew production 11% year/year in the fourth quarter as it continued its shift to horizontal drilling in the Permian Basin’s Central Basin Platform (CBP).

March 17, 2017

Ring Touts Results of First Horizontal Wells in Permian’s Central Basin Platform

In a fourth quarter operations update Monday, Ring Energy Inc. released new well results from its development of the Permian Basin’s Central Basin Platform (CBP).

January 10, 2017
Ring Wrapping Up First Horizontal Program in Permian’s CBP

Ring Wrapping Up First Horizontal Program in Permian’s CBP

Ring Energy Inc., which is working on its first horizontal drilling program in the Permian Basin’s Central Basin Platform (CBP), is continuing to “aggressively look for and acquire additional acreage” after doubling down in the play, CEO Kelly Hoffman said Thursday.

September 22, 2016
NGP-Backed Centennial Considering IPO For Permian-Focused E&P Operations

NGP-Backed Centennial Considering IPO For Permian-Focused E&P Operations

Centennial Resource Development Inc., which owns 61 horizontal wells concentrated in the Permian Basin’s Delaware sub-basin, is planning to launch an initial public offering (IPO) to raise up to $100 million, becoming the first potential offering by a U.S. onshore explorer in two years.

June 23, 2016
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