Operator · Permian Basin
Ring Energy Inc.
80 articles mentioning Ring Energy Inc. · Page 2 of 4
Ring Energy Terminates Delaware Basin Asset Sale
Ring Energy announced that its sale agreement for its Delaware Basin asset was cancelled after the buyer was unable to complete the transaction. The exact reason the buyer had to terminate it was not disclosed. Mr....
Ring Energy Adds Former Devon CFO to Board
Ring Energy, Inc. has appointed Thomas L. Mitchell to the Company's Board of Directors. Mr. Mitchell will be joining as an independent Director. About Mitchell Mr. Mitchell is a strategic finance leader with a record of...
Ring Energy Second Quarter 2020 Results
Ring Energy, Inc. reported its Q2 2020 results. Financials For the three-month period ended June 30, 2020, the Company reported oil and gas revenues of $10,636,593. For the six months ended June 30, 2020, the Company...
Ring Energy First Quarter 2020 Results
Ring Energy Inc. reported its Q1 2020 results. The Company’s Chief Executive Officer, Mr. Kelly Hoffman, stated, “The first quarter has been a challenging time for all oil companies. Prior to suspending all drilling operations in...
April 2020 Update : Acquisition, Divestiture and Mergers Update
As a result in of the dramatic fall in prices we are seeing deals get re-negotiated. In this report, we looked at the latest A&D deals. Plus trends that includes total deals by quarter vs the...
Permian Operator Suspends All Drilling & Completion Activity
In the aftermath of the failed OPEC meeting over the weekend, Ring Energy Inc. said it plans to "Cease any further drilling until pricing stabilizes." The company initially planned to drill & complete 18 new horizontal...
Ring Energy Talks 2020 Plans; Spending, Drilling Down 44% YOY
Ring Energy Inc. detailed its 2020 capital plan. 2020 Plans - Cuts to Capex, Wells and Rigs YOY Ring has cut its spending, well and rig plans across the board for 2020. However, its estimated production...
Ring Details Q4 Drilling Activity, IP Averages; Adds to Hedges
Ring Energy, Inc. reported its operations update for the fourth quarter of 2019 as well as its year-end drilling summary. Q4 Drilling Activity - Three New NWS Wells In the three months ended December 31, 2019,...
Ring Bolsters Hedges as Part of Credit Facility Redetermination
Ring Energy, Inc. has entered into an amendment to the $1.0B senior credit facility as part of the scheduled fall redetermination. The amendment reaffirmed the immediate borrowing base at $425 million and required the Company, as...
Ring Energy Reports Q3 2019 Results
Ring Energy, Inc. reported its Q3 2019 results. CEO Kelly Hoffman, stated, "2019 has been a year of consistent operational performance. In each of the first three quarters we have executed as we have said we...
Ring Talks Q3 San Andres / CBP Drilling Activity, Well Results
Ring Energy, Inc. released its operations update for the third quarter of 2019. In Q3 2019, Ring drilled six new one-mile horizontal San Andres wells on its Northwest Shelf (NWS) asset. Of the six new wells...
Ring Adds Finance Pro to Board of Directors
Ring Energy, Inc. announced the appointment of Ms. Regina Roesener to the Company's Board of Directors. Ms. Roesener is an independent Director. About Roesener Ms. Roesener currently serves as the Chief Operating Officer, Director of Corporate...
Ring Drills Six New San Andres Wells; Reports IP Rates from CBP
Ring Energy, Inc. released a mid-quarter operations update for the third quarter of 2019. In the first 47 days ended August 16, 2019, the Company drilled six new 1-mile horizontal San Andres wells on its Northwest...
Ring Energy Talks Q2 2019 Financial Results
Ring Energy, Inc. reported its financial results for the three months and six months ended June 30, 2019. The Company’s Chief Executive Officer, Mr. Kelly Hoffman, stated, “Our second quarter 2019 was our first working quarter...
Ring Cuts 2019 Drilling Plans by 36%; Reduces Capex
Ring Energy Inc. has amended its 2019 budget The new capex is set at $152 million, only a reduction of $2 million from its former plans. The decrease is the result of a reduction in new...
Ring Details Q2 Well IPs; Production Up Nearly 100% YOY, Credits New Asset
Ring Energy Inc. reported an operations update for the second quarter of 2019. Q2 Highlights: Drilled 13 HZ San Andres wells (7 in the CPB) On its newly acquired Northwest Shelf property (NWS), Ring drilled 6...
Ring Energy Details 2019 Capex, Drilling & Frac Program
Ring Energy, Inc. has details its 2019 capital budget. Management noted they will release a complete 2019 capex mid-year after finishing their examination and evaluation of all existing operated and non-operated wells, infrastructure and facilities of...
Ring Switches to Plug-N-Perf in CBP; Looks to Get Oilier in the Delaware Basin
Ring Energy Inc. reported its operations update for Q1 2019. CBP - Switch to Plug-N-Perf Boosts IP Rates The Ellen B. Peters #3H was the first horizontal well the Company had used a "Plug and Perf"...
Ring's Q4 San Andres IPs See Decline; Switches Completion Design at N. Gaines
Ring Energy, Inc. detailed its 4Q and full year 2018 operations review. Q4 San Andres IPs Not as Strong as Earlier Wells In the fourth quarter, the Company finished testing and filed IPs on 12 new...
Ring Talks 3Q Drilling Activity, Output Increase; Central, Delaware Basins
Ring Energy reported its operations updates for the third quarter and first nine months of 2018. Mr. Kelly Hoffman, Ring's Chief Executive Officer, stated, "The Company is back on track as shown by our third quarter...