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Ring Energy lauds Texas output, but takes quarterly loss Shale oil and gas company Ring Energy reported a net loss for the fourth quarter on March 16, despite production from its assets in Texas exceeding expectations. The company operates largely in the Delaware basin that straddles the border of Texas and New Mexico. Net production was around 9,307 boe/day in the three-month period, which was greater than expected. Some 86% of its net production was oil. Net sale volumes in the fourth quarter were 3% lower than the previous reporting period. Fourth-quarter sale volumes totalled 7,984 boe/d ...