Ring Energy Inc. announced today its shareholders voted decisively to approve Mr. Paul D. McKinney as Chairman of the Board of Directors as well as all six independent directors to the Board. Collectively, all seven directors were elected to serve another one-year term which will end on the date of the 2021 Annual Meeting of Stockholders, or at such time as their successors are duly elected and qualified. Mr. Paul D [...]
American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc. , announced today that they believe that the slate of Directors that are listed in the proxy mailed out by the company do not represent the best interests of all shareholders. As a result of this, they urge all shareholders to withhold votes on all Directors. Frequently, when other [...]
Ring Energy Inc. announced today it initiated drilling operations on its first new horizontal well in ten months. The Badger 709 B #6XH was spud early Wednesday morning, December 2, 2020, on Ring’s Northwest Shelf leasehold in Yoakum County, Texas. The well will be a one-and-a-half-mile horizontal San Andres oil well drilled to a vertical depth of approximately 5,000’. Additionally, Ring Energy Inc. entered into swap [...]
American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc. , announced today that they are very concerned with certain actions of the Board of Directors of Ring Energy. As a result of those concerns, SK Energy and American Resources urge all shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming [...]
Ring Energy Inc. announced today executive management changes effective November 30, 2020. Ring Energy Inc. has announced the promotion of Mr. Stephen D. Brooks to Executive Vice President of Land, Legal, Human Resources and Marketing. He will report directly to Paul D. McKinney, Chief Executive Officer and Chairman of the Board. In this new position, Mr. Brooks will be assuming roles previously held by Mr. Matt Garner [...]
American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc. , announced today that they are very concerned with the decisions of the Board of Directors of Ring Energy Inc. As a result of this concern, SK Energy and American Resources urge all Ring Energy shareholders to withhold votes on all members of Ring Energy's Board of Directors in the [...]
American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc., announced today that they are calling upon their fellow shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming election. Someone who purchased shares in Ring Energy five years ago has seen the value of those shares fall by more than 90%. It [...]
Ring Energy Inc. announced today financial and operational results for the third quarter ended September 30, 2020. Q3 2020 Highlights Increased net oil & gas sales by 74.0% to 9,549 Boe/d , compared to 5,487 Boe/d for Q2 2020 Decreased LOE1 by 38.5% to $8.88 million or $10.11/Boe, compared to $14.43 million or $14.03/Boe for Q3 2019 Decreased cash G&A2 by 34.6% to $1.93 million or $2.20/Boe, compared to $2.95 million or [...]
Ring Energy Inc. has scheduled a conference call on Tuesday, November 10, 2020 at 11:00 a.m. ET to discuss the third quarter 2020 financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, November 9, 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. stated today that the prospective buyer was unable to consummate the closing of the Company’s Delaware Basin assets located in Culberson and Reeves Counties, Texas . Mr. Paul McKinney, Ring’s Chief Executive Officer and Chairman of the Board of Directors, commented, “We are very disappointed that the buyer was unable to complete this important and highly anticipated transaction, but believe we have, after [...]
Ring Energy Inc. announced today the appointments of Mr. John A. Crum and Mr. Richard E. Harris to the Company’s Board of Directors. Mr. Crum and Mr. Harris will be joining as independent Directors. Mr. Crum has been involved with worldwide oil and gas development for more than 40 years. He is the managing partner of JAC Energy Partners, LLC, which was formed to provide advice to companies and individual investors in oil [...]
Ring Energy Inc. today released its operations update for the 3rd quarter of 2020 and additional information with respect to cash flow and reducing the outstanding amount of its senior credit facility. Q3’20 highlights: Restored production to 9,219 Barrels of oil equivalent per day , 88% oil, in the third quarter within the Company’s guidance range; Increased third quarter net daily production approximately 70% compared [...]
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