Oil and gas exploration and production company Ring Energy Inc. has initiated the next phase of its Northwest Shelf (NWS) drilling program. Under the program, it has started 3 more wells in its highest rate-of-return projects that are located at Yoakum County in Texas. Shares of the company were down about 2.2% in the pre-market trading. Ring Energy (REI) Chairman of the Board and Chief Executive Officer, Paul D. McKinney said, “We look forward to drilling and bringing this next tranche of three wells online in the second quarter.
https://www.tipranks.com/news/ring-energy-provides-update-on-nws-program-starts-3-more-wells
Ring Energy (AMEX:REI)
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