Ring Energy宣布第二季度业务更新

Ring Energy, Inc. (NYSE MKT: REI) today announced its operations update for the second quarter of 2016. In the three months ended June 30, 2016, the Company drilled and completed two new vertical development wells and refraced two existing wells on Ring’s Central Basin Platform asset, as well as drilled one new vertical well on its Delaware Basin property.

As of June 30, 2016 the well had not been completed. In addition, the Company continued upgrades to its gas gathering system and began the infrastructure necessary for the Company’s three well horizontal drilling program scheduled to begin in early August.

As a result, net production for the second quarter of 2016 was approximately 191,000 BOEs (Barrel of Oil Equivalent), as compared to net production of 177,650 BOEs for the same quarter in 2015, a 7.5% increase, and net production of 225,500 for the first quarter of 2016, a 15.3% decrease.

June 2016 average net daily production was approximately 2,290 BOEs, as compared to daily production of 2,475 BOEs in June 2015, a decrease of 7.5%. The average estimated price received per BOE in the second quarter 2016 was $36.66.