Ring Energy Inc.

Ring Energy Inc. (NYSE MKT: REI) (“Company”)(“Ring”) announced today that it has acquired approximately 33,000 undeveloped acres in Gaines County, Texas, for an approximate purchase price of $16,600,000 ($500/acre). The Company will pay for the acreage with surplus capital received from a December 2016 public stock offering. The entire acreage is located in an area that the Company has targeted for [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) today released its operations update for the first quarter of 2017. The Company, in the three months ended March 31, 2017, drilled seven one-mile lateral horizontal San Andres wells and is currently drilling an eighth on its Central Basin Platform (“CBP”) asset. Five of the seven wells have been completed, with the remaining two to [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”)(“Company”) announced today financial results for the three months and twelve months ended December 31, 2016. For the three month period ended December 31, 2016, Ring reported oil and gas revenues of $9,830,708, compared to revenues of $7,362,394 for the quarter ended December 31, 2015. For the twelve months ended December 31, 2016, the Company reported oil [...]

Ring Energy Inc. (NYSE-MKT: REI) (“Ring”)(“Company”) has scheduled a conference call on Thursday, March 16, 2017 at 12:00 p.m. ET to discuss the 2016 fourth quarter and 12 month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Wednesday, March 15, 2017. To participate, dial at 877-709-8150 at least five minutes before the [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) today released its operations update for the fourth quarter of 2016. In the three months ended December 31, 2016, the Company, on its Central Basin Platform (“CBP”) asset, completed three horizontal San Andres wells which were drilled in the third quarter of 2016, and one salt water disposal well, also drilled in the third quarter [...]

Ring Energy Inc. (NYSE MKT: REI) (the “Company”) today announced the completion of an underwritten public offering of 6,525,000 shares of its common stock. Shares were offered by the Company at a price to the public of $11.50 per share. The net proceeds to the Company from this offering were approximately $71 million, after deducting the underwriting discount and other estimated offering expenses. The Company [...]

Ring Energy Inc. (NYSE MKT: REI) (the “Company”) announced today that it has priced an underwritten public offering of 6,525,000 shares of its common stock to the public at $11.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 978,750 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”) released today an update on its three well horizontal San Andres program on the Company’s Central Basin Platform (“CBP”) asset. After having had the Augustus #1H and the Tiberius #1H wells on production for approximately 45 days, the Company intends to file completion reports in the next few days showing 24 hour gross Initial [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) announced today financial results for the three months and nine months ended September 30, 2016. For the three month period ended September 30, 2016, Ring had oil and gas revenues of $7,822,543, compared to $8,629,007 for the quarter ended September 30, 2015. For the nine month period ended September 30, 2016, the Company reported oil and gas [...]