Ring Energy Inc. initiated the next phase of its Permian Northwest Shelf drilling program with three wells in Yoakum County, Tex.
Drilling of the first well, Bevo 664 C #2H, is complete and drilling operations are underway on the second well, Bevo 664 A #4H. Drilling operations on the third well, Bevo 664 A #3H, are expected to commence in late April. Each of the three wells target the San Andres formation and are 1 mile in length. Bevo 664 C #2H is expected to be on production before end of April. Bevo 664 A #4H and Bevo 664 A #3H are expected to come online before end-May.
These wells follow four that were placed on production in first-quarter 2021 (OGJ Online, Feb. 22, 2021). The four-well package included an average completed lateral length of 7,239 ft for three 1.5-mile wells and 4,983 ft for one 1.0 mile well. All four are performing favorably despite some impact from the winter storm in Texas in February and produced a cumulative 37,550 gross boe (94% oil) during March 2021, the company said.
Due to the storm, Ring shut in over 60% of production. Full restoration took more than 2 weeks to complete.