Permian Basin Pure Play Exploration & Production
Ring Energy, Inc. (REI) currently conducts its operations in the Permian Basin. The Permian Basin is unique in its size, vast infrastructure, thickness of strata, and multiple producing horizons/benches, providing a variety of exploration opportunities to develop oil and gas reserves. As a result, the Permian Basin is the top producing basin in North America.
The Permian Basin produces approximately 4.5 million Bo/d—about 37% of the U.S. daily production of approximately 12.6 million Bo/d (EIA week ending 12/31/19).
Acquired in April of 2019, REI’s assets in the Northwest Shelf include saltwater disposal wells, water supply wells, frac ponds, and caliche pits.About Northwest Shelf
Central Basin Platform
The Central Basin Platform is a high producing asset with over 100 horizontal wells and 18 saltwater disposal wells.About Central Basin Platform
The Delaware Basin asset includes over 18,000 gross/net acres that are held-by-production (no obligation to drill).About Delaware Basin