Ring Energy Eyes 10% Growth as Longer Laterals Unlock Permian Potential
Ring Energy CEO Paul McKinney outlined a strategy to expand oil production and improve capital efficiency by pursuing longer horizontal drilling programs in the Central Basin Platform and southern shelf areas of the Permian Basin. The company is targeting 10% production growth through these extended laterals.
Why it matters — The company's shift to longer laterals could improve capital efficiency and support production growth in its core Permian Basin operations.