
Target Reservoir
On the Central Basin Platform (CBP), Ring Energy, Inc. (REI) is targeting the San Andres formation. The San Andres is a high oil-saturated conventional shallow non-contiguous carbonate reservoir at approximately 5,000 feet and is primarily an oil-bearing formation (approximately 96% oil) that has been drilled and produced for over 90 years. Of the over 30 billion barrels produced from the Permian Basin approximately 40%, or 12 billion barrels, came from the San Andres reservoir.