Ring Energy Inc. today released its operations update for the fourth quarter of 2017. In the three months ended December 31, 2017, the Company, on its Central Basin Platform asset, drilled 19 new horizontal San Andres wells and were in the process of drilling number 20 at the end of the quarter. Of the 19 drilled wells, 16 were one mile long and three were ¾ of a mile long. In the fourth quarter, the Company [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today financial results for the three months and nine months ended September 30, 2017. For the three month period ended September 30, 2017, Ring had oil and gas revenues of $16,643,930, compared to $7,822,543 for the quarter ended September 30, 2016. For the nine month period ended September 30, 2017, the Company reported oil and [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Thursday, November 9, 2017, at 12:00 p.m. ET to discuss the 2017 third quarter and nine month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Wednesday, November 8, 2017. To participate, dial 877-709-8150 at least five minutes [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) today released its operations update for the third quarter of 2017. The Company, in the three months ended September 30, 2017, completed the drilling phase on twelve horizontal wells and had initiated the drilling of two more on its Central Basin Platform (“CBP”) asset. The Company has completed and is currently in the [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today financial results for the three months and six months ended June 30, 2017. For the three month period ended June 30, 2017, Ring had oil and gas revenues of $14,503,309, compared to $7,104,609 for the quarter ended June 30, 2016. For the six month period ended June 30, 2017, the Company reported oil and gas revenues of [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today it has increased its drilling and operational capital expenditure budget (“CAPEX”) for 2017 to approximately $120 million. Based on the continuing positive results of the Company’s horizontal drilling program, the majority of the Company’s revised budget will be allocated to Ring’s Central Basin [...]
Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Wednesday, August 9, 2017 at 12:00 p.m. ET to discuss the 2017 second quarter and six month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Tuesday, August 8, 2017. To participate, dial 877-709-8150 at least five minutes before [...]
Ring Energy Inc. (NYSE MKT: REI) (the “Company”) today announced the completion of an underwritten public offering of 4,977,658 shares of its common stock, including 477,658 shares sold pursuant to the exercise of an over-allotment option previously granted to the underwriters. All of the shares were offered by the Company at a price to the public of $12.50 per share. The net proceeds to the Company from this [...]
Ring Energy Inc. (NYSE MKT: REI) (the “Company”) announced today that it has priced an underwritten public offering of 4,500,000 shares of its common stock to the public at $12.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions). The Company [...]
Ring Energy Inc. (NYSE MKT: REI) (the “Company”) announced today that it intends to offer shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be [...]
Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) today released its operations update for the second quarter of 2017. The Company, in the three months ended June 30, 2017, drilled eight horizontal wells and is currently drilling a ninth on its Central Basin Platform (“CBP”) asset. The Company has completed and put into production four of the new wells drilled in Q2 2017 as well as [...]
Ring Energy Inc. (NYSE MKT: REI) (“Ring”)(“Company”) announced today financial results for the first quarter ended March 31, 2017. For the three month period ended March 31, 2017, Ring had oil and gas revenues of $12,243,793 compared to $6,092,388 for the quarter ended March 31, 2016, and net income of $1,696,141, or $0.03 per diluted share, compared to a net loss of $15,275,044, or $0.50 per [...]