Ring Energy Inc.

Ring Energy Inc. announced today the timing of its third quarter 2021 earnings release and conference call. Ring plans to issue its third quarter 2021 earnings release after the close of trading on Tuesday, November 9, 2021. The Company has scheduled a conference call on Wednesday, November 10, 2021 at 11:00 a.m. ET to discuss its third quarter 2021 operational and financial results. To participate, interested parties [...]

Ring Energy Inc. today announced that the Company will be participating in EnerCom, Inc.'s The Oil and Gas Conference in Denver, Colorado where Chairman and Chief Executive Officer Paul McKinney is scheduled to make a presentation on Wednesday, August 18th at 10:30 am Mountain Time. Senior management will also host one-on-one meetings with investors. The presentation will be webcast live and archived on Ring's website [...]

Ring Energy Inc. today reported operational and financial results for the second quarter 2021. In addition, the Company announced drilling plans for the second half of 2021 that include three or more wells in each of Ring's Northwest Shelf and the Central Basin Platform areas. Highlights and Recent Key Items Sold 8,709 barrels of oil equivalent per day , or 792,551 barrels of oil equivalent , in the second quarter of [...]

Ring Energy Inc. today announced the timing of its second quarter 2021 earnings release and conference call. The Company will issue its second quarter 2021 earnings release on Monday, August 9, 2021 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Tuesday morning, August 10, 2021 at 9:00 a.m. Central Time Interested parties in the [...]

Ring Energy Inc. today provided an update on its previously announced program to drill and complete three wells on the Company's top tier Northwest Shelf acreage, targeting Ring's highest rate-of-return projects in Yoakum County, Texas. The Bevo 664 C #2H well came online May 1, the Bevo 664 A #4H came online May 27, and the Bevo 664 A #3H came online May 30. All three wells started producing oil within three to four days [...]

Ring Energy Inc. today announced that the borrowing base under its senior revolving credit facility was successfully reaffirmed at its current level of $350 million. Key Highlights Reaffirmation of the borrowing base at $350 million; Easing of the minimum required oil hedges for calendar 2022 from 4,000 barrels per day to 3,100 Bbls/d, which is fully covered by oil hedges currently in place; Enhances price optionality and [...]

Ring Energy Inc. today provided an update on its derivate positions for 2021 and 2022 as it opportunistically responds to an improved crude oil price environment. Key Changes to Hedge Book Bought back a 1,500 barrels of oil per day call option for June 1 through December 31, 2021, and entered into an approximate 879 Bbls/d calendar 2022 swap contract for no net cost; Anticipate more than 320,000 barrels of crude oil sales [...]

Ring Energy Inc. today reported operational and financial results for the first quarter 2021 and reaffirmed full year 2021 guidance. Highlights and Recent Key Items Sold 7,960 barrels of oil equivalent per day , or 716,422 barrels of oil equivalent , in the first quarter of 2021, with production significantly impacted by the severe winter storm in February and temporary downtime associated with well completions activity [...]

Ring Energy Inc. announced today it further paid down debt in the first quarter of 2021, and provided an update on its previously announced Northwest Shelf drilling program and sales volumes for the first quarter of 2021. In addition, the Company announced the timing of its first quarter 2021 earnings release and conference call. Paid Down $7.5 Million of Debt During First Quarter 2021 Reduced debt balance to $305.5 [...]

Ring Energy Inc. announced today it recently initiated the next phase of its previously-announced Northwest Shelf drilling program with three wells located in the top tier acreage of the Company's highest rate-of-return projects, located in Yoakum County, Texas. The drilling of the first well, the Bevo 664 C #2H, is complete and drilling operations are underway on the second well, the Bevo 664 A #4H. Drilling operations [...]