Ring Energy Inc.

Ring Energy Inc. today released its operations update for the first quarter of 2020. In the three months ended March 31, 2020, the Company drilled four new horizontal San Andres wells on its Northwest Shelf asset. All four new wells drilled were completed, tested and had Initial Potentials filed. In addition to the four new wells drilled in the first quarter which had IPs filed, the company completed testing and filed IPs [...]

Ring Energy Inc. announced today that it has entered into a Purchase and Sale Agreement to sell its Delaware Basin asset located in Culberson and Reeves Counties, Texas . The Property consists of approximately 20,000 net acres. The current net daily production from the Property is approximately 575 BOP/D and 2,000 MCF/D , equaling approximately 908 BOEPD . Year-end 2019 PDP reserve estimates, as determined by outside [...]

Ring Energy Inc. announced today financial results for the three months and twelve months ended December 31, 2019. For the three-month period ended December 31, 2019, the Company reported oil and gas revenues of $52,231,186 compared to revenues of $27,561,908 for the quarter ended December 31, 2018. For the twelve months ended December 31, 2019, the Company reported oil and gas revenues of $195,702,831, compared to [...]

Ring Energy Inc. released today an operations update due to the recent drop in commodity prices. Mr. Kelly Hoffman, Ring’s Chief Executive Officer, stated, “The recent drop in the price of oil has forced us, as well as other operators, to re-evaluate our current capital expenditure budget for 2020 and make changes accordingly that we believe are in the best interest of the Company and its shareholders &ndash [...]

Ring Energy Inc. has scheduled a conference call on Tuesday, March 17, 2020 at 11:00 a.m. ET to discuss the 2019 fourth quarter / twelve months financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, March 16, 2020. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference [...]

Dr. Simon Kukes Further Increases Holdings in Ring Energy, Inc. American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc., today announced that they have delivered a joint letter to Ring Energy's Board of Directors regarding deficiencies in Ring Energy's business strategy, management, and corporate governance. To date, the Ring Energy Board [...]

Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space will attend the EnerCom Dallas energy investment conference, coming to The Tower Club beginning tomorrow February 11th through the 12th in downtown Dallas. The EnerCom Dallas conference follows EnerCom's familiar 25-minute CEO presentation format, followed by 50-minute Q&a [...]

Ring Energy Inc. announced the Company’s preliminary capital expenditure budget for 2020 of approximately $85 - $90 million. The preliminary budget includes the estimated cost to drill and complete 18 new horizontal wells on its Northwest Shelf asset, well workovers including converting wells to rod pump, infrastructure upgrades / extensions on its NWS, Central Basin Platform , Delaware assets along with all [...]

The EnerCom Dallas schedule is now live and will be updated continuously on the conference site Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas. The EnerCom Dallas conference follows EnerCom's [...]

Ring Energy Inc. today released its operations update for the fourth quarter of 2019. In the three months ended December 31, 2019, the Company drilled four new one-mile horizontal San Andres wells on its Northwest Shelf asset. Of the four new wells drilled, three were completed, tested and had Initial Potentials filed, while the one remaining well was completed and is currently being tested. In addition to the three new [...]