Operator · Permian Basin
Ring Energy Inc.
80 articles mentioning Ring Energy Inc. · Page 1 of 4
Ring Energy Finalizes Acquisition of Stronghold Energy II
Ring Energy, Inc. has completed its previously announced acquisition of the assets of privately-held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP. Stronghold's operations are located primarily in Crane County, Texas and focused...
Ring Energy Second Quarter 2022 Results
Ring Energy, Inc. reported operational and financial results for the second quarter of 2022. In addition, Ring provided third quarter guidance and increased its full year 2022 sales volumes outlook. Second Quarter 2022 Highlights: Recorded quarterly...
Ring Energy First Quarter 2022 Results
Ring Energy, Inc. reported operational and financial results for the first quarter of 2022. In addition, the Company provided second quarter guidance and reiterated its full year 2022 outlook. First Quarter 2022 and Recent Highlights: Produced...
Ring Energy Details Preliminary 1Q22 Results; Production Beats Expectations
Ring Energy, Inc. provided an operational and financial update for the Company's first quarter 2022 sales, drilling program and further debt repayment. Highlights and Recent Key Items: Reported first quarter 2022 sales volumes of approximately 8,870...
Ring Energy Details Preliminary 4Q21 Results, Hedging Update
Ring Energy, Inc. provided an update concerning the Company's fourth quarter and full year 2021 sales volumes, further paydown of debt, commencement of the 2022 drilling program, and recently enhanced hedging position. Key Highlights: Grew fourth...
Ring Energy's Borrowing Base Reaffirmed at $350MM
Ring Energy Inc. announced that the borrowing base under its senior revolving credit facility was recently successfully reaffirmed at $350 million. Key Highlights: Reaffirmation of the borrowing base at $350 million Prior hedging requirement of 3,100...
Ring Energy Third Quarter 2021 Results
Ring Energy, Inc. reported operational and financial results for the third quarter 2021. Highlights and Recent Key Items: Sold 8,243 barrels of oil equivalent per day ("Boe/d"), or 758,387 barrels of oil equivalent ("Boe") (87% oil),...
Ring Energy Second Quarter 2021 Results
Ring Energy, Inc. reported operational and financial results for the second quarter 2021. In addition, the Company announced drilling plans for the second half of 2021 that include three or more wells in each of Ring’s...
Ring Energy's Credit Line Reaffirmed at $350 Million
Ring Energy Inc. announced that the borrowing base under its senior revolving credit facility was successfully reaffirmed at its current level of $350 million. Key Highlights: Reaffirmation of the borrowing base at $350 million; Easing of...
Ring Energy Adjusts Hedge Book
Ring Energy, Inc. provided an update on its derivate positions for 2021 and 2022 in response to the oil price environment. Key Changes to Hedge Book Bought back a 1,500 barrels of oil per day ("Bbl/d")...
Ring Energy First Quarter 2021 Results
Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for the first quarter 2021 and reaffirmed full year 2021 guidance. Highlights and Recent Key Items: Sold 7,960 barrels of...
Ring Energy Details Preliminary Q1 Results; Pays Down Debt, Talks Drilling
Ring Energy, Inc. detailed its preliminary Q1 2021 results. Paid Down $7.5 Million of Debt During 1Q21 Reduced debt balance to $305.5 million on $350 million borrowing base; and Increased liquidity to $46.2 million as of...
Ring Energy Progresses Drilling Ops at Permian NWS Project
Ring Energy, Inc. recently initiated the next phase of its previously-announced Northwest Shelf (NWS) drilling program with three wells located in the top tier acreage of the Company's highest rate-of-return projects, located in Yoakum County, Texas....
Ring Energy Promotes Exec to CFO Role
Ring Energy, Inc. announced that Travis Thomas will be promoted, effective today, from his current position as Vice President of Finance to CFO of the Company, and will be based in the newly relocated Woodlands Texas...
Ring Energy Fourth Quarter, Full Year 2020 Results
Ring Energy, Inc. reported operational and financial results for the fourth quarter and full year 2020 including Ring's year-end 2020 reserves and affirmed 2021 guidance. 2021 Plan Affirmed - Capex: $44-48 million - up 53% vs....
Ring Energy Details 2021 Plans; Puts Delaware Basin Asset on Chopping Block
Ring Energy, Inc. reported its fourth quarter 2020 operational and financial results and announced initial plans and guidance for 2021. 2021 Preliminary Guidance - Production: FY 2021 production is expected to exceed FY 2020 production by...
Ring Energy Promotes Several Execs; COO to Depart
Ring Energy, Inc. has reported executive management changes effective December 31, 2020. Promotions The Company has announced several promotions including: Alex Dyes to Executive Vice President of Engineering and Corporate Strategy Marinos Baghdati to Executive Vice...
Ring Restarts D&C Ops with New San Andres Well; Updates Hedge Book
Ring Energy, Inc. has initiated drilling operations on its first new horizontal well in ten months. The Badger 709 B #6XH was spud early Wednesday morning, December 2, 2020, on Ring's Northwest Shelf leasehold in Yoakum...
Ring Energy Promotes New Executive VP
Ring Energy, Inc. has reported executive management changes effective November 30, 2020. Ring Energy, Inc. has announced the promotion of Mr. Stephen D. Brooks to Executive Vice President of Land, Legal, Human Resources and Marketing. He...
Ring Energy Adds Two Independent Directors to Board
Ring Energy, Inc. reported the appointments of Mr. John A. Crum and Mr. Richard E. Harris to the Company's Board of Directors as independent Directors. About Crum Mr. Crum has been involved with worldwide oil and...