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PS - Ring Energy Highlights - February 5, 2020
Ring Energy laid out its 2020 plans, setting capex guidance at $85-90 million. This compared to an estimated 2019 spend of $152 million. Ring will drill and complete 18 horizontal wells on the Northwest Shelf in the Permian, with 13 of the laterals measuring 1 mile and five measuring 1.5 miles. The company also plans well workovers—including converting 42 wells from electric submersible pump to rod pump—and infrastructure upgrades and extensions on its Northwest......
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