Ring Energy, Inc. revised its earnings guidance for the fourth quarter of 2022. For the quarter, the company expects to drill and complete 8 to 9 new wells, including 4 Hz wells with 2 in NWS and 2 in CBP North, and 4 to 5 vertical wells in CBP South; recomplete eight to 12 wells in CBP South; and reiterated its prior fourth quarter sales volumes estimate of 18,000 to 19,000 barrels of oil equivalent per day (Boepd) (approximately 70% oil, 17% natural gas and 13% natural gas liquids (NGLs)), despite the reduction in estimated fourth quarter capital expenditures.
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May. 08 | Ring Energy, Inc. Reports Sales Results for the First Quarter Ended March 31, 2024 | CI |
May. 07 | Transcript : Ring Energy, Inc., Q1 2024 Earnings Call, May 07, 2024 |
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