Sunday, July 27, 2025
Ring Energy-oilandgas360

Ring Energy, Inc. Announces Results of Fall 2020 Redetermination of Its Senior Credit Facility

Company Also Pays Down Revolver and Adds Additional Oil Hedges MIDLAND, Texas–(BUSINESS WIRE)– Ring Energy, Inc. (NYSEAM: REI) (“Ring” or the “Company”) announced today the results of its fall 2020 redetermination of its $1 billion senior revolving credit facility (“Credit Facility”). The borrowing base was set at $350 million, or approximately 6.7% lower than its previous borrowing base of $375