With a big acquisition completed, Permian Basin pure-play Ring Energy Inc. expects to see its oil and natural gas volumes nearly double in 4Q2022 from the midpoint of guidance. The independent, headquartered in The Woodlands north of Houston, recently issued guidance to the end of the year. The company during 3Q2022 completed a $465 million…
Tag / Ring Energy
SubscribeRing Energy
Articles from Ring Energy
Ring to Shore Up Permian Production, Reserves, with $465M Stronghold Acquisition
Ring Energy Inc. has entered a deal to acquire the Permian Basin assets of privately held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP in a transaction valued at $465 million. Comprising about 37,000 net acres, the Stronghold assets are mainly located in Crane County, TX, and target the Permian’s Central Basin…
July 6, 2022
Ring Energy Steps Up Permian Drilling in NWS as Oil Prices Rebound
Permian Basin pure-play Ring Energy Inc. is accelerating plans to drill up to eight wells this year on its Northwest Shelf (NWS) acreage amid a rally in oil prices, the CEO said Wednesday. “We were originally thinking that we were going to pick up a drilling rig to start our next campaign sometime in the…
March 17, 2021
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
