Ring Energy Inc. , today announced it has entered into a definitive agreement with institutional investors for the purchase and sale of $18 Million of 12,000,000 Common Shares, 9,052,630 Pre-Funded Warrants and 21,052,630 Common Warrants at an effective combined purchase price of $0.855 per unit in a registered direct offering priced at-the-market. The Common Warrants will have an exercise price of $0.855 per share, are [...]
Ring Energy Inc. and Steward Energy LLC, two of Yoakum County's top three production companies, are well-site operators Rising Phoenix Royalties announces its second 2020 Yoakum County, Permian Basin, oil and natural gas royalty acquisition, totaling 24 PDP wells, from an undisclosed seller. Ring Energy Inc. and Steward Energy LLC, two of the top 3 production companies in Yoakum County, are well-site operators. "Rising [...]
Ring Energy Inc. provided today an update on the sale of its Delaware Basin asset located in Culberson and Reeves Counties, Texas . Ring management stated that the buyer has requested an extension to October 29, 2020, and, as a show of good faith, has wired the Company an additional non-refundable $1 million. The Company went on to say that the on-going conversations with the buyer and the additional wired funds has [...]
The Board of Directors of Ring Energy Inc. announced today it has appointed Mr. Paul D. McKinney as Chief Executive Officer and Chairman of the Board of Directors. Mr. McKinney, an industry veteran, began his career in 1983 with Anadarko Petroleum Corp. . Over a 23 year period with Anadarko, Mr. McKinney held various positions including his last title as Vice President of Reservoir Engineering, Anadarko Canada [...]
One-on-one meetings available with executive management in the oil and gas industry Virtual attendance open to registrants globally EnerCom, Inc. is pleased to announce the schedule for its 25th annual The Oil & Gas Conference. The event will take place August 17th to the 19th, 2020, virtually. Attendees interested in the energy industry are encouraged to participate from anywhere. The schedule of presentations as of [...]
Ring Energy Inc. announced today financial results for the three months and six months ended June 30, 2020. 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 reported oil and gas revenues of $50,206,921. For the three months ended June 30, 2020, Ring reported a net loss of $135,000,066 or $1.99 per diluted share [...]
Ring Energy Inc. has scheduled a conference call on Tuesday, August 11, 2020 at 11:00 a.m. ET to discuss the second quarter 2020 financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, August 10, 2020. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call [...]
Ring Energy Inc. today released its operations update for the second quarter of 2020. On March 9, 2020, management stated in a release that the Company had ceased all drilling activity due to the drop in commodity prices. On the Company’s 1st quarter 2020 conference call, management reconfirmed that decision due to the continued volatility in the marketplace and the large differential in pricing between the NYSE WTI spot [...]
EnerCom hosts its 25th annual The Oil & Gas Conference in an innovative digital format Virtual attendance open to registrants globally Attendance fees will be waived for qualifying buyside attendees EnerCom, Inc. is pleased to announce that registration is open for the 25th annual edition of its popular The Oil & Gas Conference® August 17th to the 19th, 2020. This year's event will allow the global energy investment [...]
Ring Energy Inc. announced today it completed the scheduled spring 2020 redetermination evaluation of its $1 billion senior credit facility. The Company has entered into a new amendment to the senior credit facility as part of the scheduled spring redetermination. The amendment reduced the immediate borrowing base from $425 million to $375 million. The next redetermination evaluation is scheduled for November 2020 [...]
Ring Energy Inc. announced today financial results for the three months ended March 31, 2020. For the three-month period ended March 31, 2020, the Company reported oil and gas revenues of $39,570,328 compared to revenues of $41,798,315 for the quarter ended March 31, 2019. For the three months ended March 31, 2020, Ring reported net income of $43,804,118, or $0.64 per diluted share, compared to net income of $4,269,260 [...]
Ring Energy Inc. announced today that it has submitted a Form S-3 Registration Statement for approval with the Securities and Exchange Commission on May 4,2020. The Prospectus will allow the Company to issue up to an aggregate of $313,843,695 of its common stock, preferred stock, warrants, units and debt securities from time to time at prices and on terms to be determined at or prior to the time of an offering. The [...]
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