Horizontal

Permian Basin producer Ring Energy Inc. said Thursday it has begun drilling its first horizontal well in 10 months on the Northwest Shelf leasehold in West Texas, a positive sign in what is proving to be a year of upheaval for the company. The Badger 709 B No. 6XH oil San Andres well in Yoakum…

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.

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.

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.

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.

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.

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

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).

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).