About US
REI is a Midland, Texas-headquartered oil and gas exploration and Development Company with three core areas of operation in the Permian Basin; the Central Basin Platform, the Northwest Shelf and the Delaware Basin. The management team of REI has extensive experience in studying, drilling and producing the San Andres formation over the past 35 years, and has drilled approximately 1,400 wells to date. Since REI’s inception in 2013 the Company has drilled 183 vertical wells and over 132 horizontal San Andres wells on their existing Central Basin Platform and Northwest Shelf assets to date. REI continues to drill the San Andres horizontally with increased efficiency and productivity, resulting in enhanced rate-of-return and profitability for their shareholders even during times of low commodity prices.
Our Mission
Over the past 40 years REI’s management team has experienced multiple cycles and understands the need to keep overhead and operating costs low. Applying these principles, REI anticipates being Free Cash Flow neutral (FCF) in Q4’19. This accomplishment will have been achieved within three years of their San Andres horizontal pilot program that began the end of 2016. REI’s 2020 plan is to drill out of cash flow and be FCF (Free Cash Flow) positive, improve efficiencies wherever possible, and reduce long-term debt while continuing to provide y-o-y production growth.