61.8 F
New York
Wednesday, May 18, 2022

Ring [NYSEMKT: REI] Energy Started Drilling Operation In New Horizontal Well

Must read

Ring Energy [NYSEMKT: REI] declared that the company has started operations on its new well. The company told that in ten months, it finally initiated its end-year drilling on this horizontal well. The well will be drilled vertically to a depth of 5000

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .


Moreover, the company also entered into an agreement for 2000 Barrels of oil per day for 2021 at $45. 37 per barrel of oil. Also, the swap contract of 500 bopd swaps at $45.38 and $45 per Barrel of oil, bringing the company’s oil hedge position to 7500bopd in 2021.

“We’re excited to end the year drilling at NWS properties where we can generate greater than 90percent returns at prevailing oil and natural gas prices,” said P. D McKinney CEO of board

More articles

Latest article