Ring Energy executes targeted hedging transactions to further increase free cash flow generation in 2021
June 7, 2021
THE WOODLANDS, Texas, June 07, 2021 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: R…
Ring Energy announces first quarter 2021 results
May 11, 2021
THE WOODLANDS, Texas, May 10, 2021 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: RE…
Ring Energy, Inc. Announces Results of Fall 2020 Redetermination of Its Senior Credit Facility
December 23, 2020
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
Ring Energy, Inc. announces completion of fall 2019 redetermination of its senior credit facility
December 2, 2019
Oil and Gas 360 Company Enters into Additional Hedges for 2020 Ring Energy, Inc. -Midland, Texas- (NYSE American: REI) (“Ring”) (“Company”) announced today it completed the scheduled fall 2019 redetermination evaluation of its $1 billion senior credit facility. The Company entered into an amendment to the senior credit facility as part of the scheduled fall redetermination. The amendment reaffirmed the
Permian’s Ring Energy Reports Record Growth in 2018
February 26, 2019
Ring Energy Releases Fourth Quarter and Twelve Month 2018 Financial and Operational Results
Ring Energy to Acquire Texas Acreage from Carlyle Group Subsidiary
December 21, 2018
Ring Energy, Inc. Signs Purchase and Sale Agreement with Wholly Owned Subsidiary of The Carlyle Group L.P.
Ring Energy Releases Permian Update
January 10, 2018
Ring Energy, Inc. (ticker: REI) released its operations update for the fourth quarter of 2017. In the three months ended December 31, 2017, on its central basin platform asset (CBP), Ring drilled 19 new horizontal San Andres wells and was in the process of drilling number 20 at the end of the quarter. In the fourth quarter, Ring completed, tested
Ring Energy Fuels Drilling Program with Equity Offering
June 18, 2015
Ring Energy (ticker: REI), an E&P based in Midland, Texas, added to its balance sheet in the form of a public equity offering on June 18, 2015. The company issued 4,500,000 shares of common stock at a price of $11.50 per share, resulting in net proceeds of approximately $49 million after deductions and expenses. The underwriters hold a 30-day option to
Ring Energy Enters the Delaware Basin with $75 Million Acquisition
May 26, 2015
Extends Permian Position Ring Energy (ticker: REI) followed through on its acquisition comments in its Q1’15 conference call, announcing purchase of 14,000 net acres in the Delaware Basin in a news release on May 26, 2015. The $75 million transaction includes current net production of 1,300 BOEPD, net reserves of 4.7 MMBOE and a PV-10 value of $128.5 million. Average
