One-Page Deal Sheet
Ring Energy Increases Exposure in Delaware and Mid-Continent
Ring Energy Inc. Not Disclosed
Announced Date
February 27,2014
Effective Date
January 01,2014
Close Date
February 27,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
6
Asset/Basin:
{Permian}
TargetZones:
{"San Andres",Glorie
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Ring Energy, Inc. has announced it has finalized the acquisition of 2,481 gross (1,567 net) acres located in Andrews and Gaines Counties, Texas.
The acreage, comprised of 92 separate leases, includes both “developed” and “undeveloped” parcels and is in close proximity to existing Company-owned Permian Basin assets that are currently in varying stages of development.
The “developed” area is comprised of 907 net acres with current net production of 42 BOEs per day from the San Andres and Glorieta formations and is over 92% oil. In addition to the producing wells currently on the properties…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
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Click here | Texas | E&P |
| Nov-03-2025 |
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| Jan-30-2025 |
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| Jan-27-2025 |
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| Jan-04-2024 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
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| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
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| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
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