Interesting Tidbit on Ring Energy’s Purchase of Delaware Basin Acreage

Oil Rigs

Ring Energy (REI), one of the portfolio companies in our PM101 Speculate Portfolio announced today that it has signed a purchase and sale agreement to acquire producing wells and leaseholds located in the Delaware Basin. With the acquisition, which currently has net daily production of 1300 barrels of oil equivalent (boe) per day, Ring will have net daily production of 2, 750 boe/d. So if you’re adding this up at home, that is now double the amount it was producing yesterday.