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Ring Energy, Inc.

Company Summary

Description

Ring Energy, Inc. (NYSE MKT: REI) is a Texas-based oil and gas exploration, development and production company with current operations in Texas and Kansas.

Website

http://www.ringenergy.com/

Operational Regions

  • Mississippi Lime
  • Delaware Basin
  • Permian Basin

Financial Data:

AMEX:REI from Google Finance

Tickers:

  • REI - American Stock Exchange

Recent news

  • 7/5/2023 - Ring Energy Announces... (subscriber access)
  • 4/13/2023 - Ring Energy Announces... (subscriber access)
  • 3/14/2023 - Ring Energy Released... (subscriber access)
  • 3/14/2023 - Ring Energy Reports 4Q22... (subscriber access)
  • 11/11/2022 - Ring Energy Notes Plans... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • 2Q21 Earnings Release (subscriber access)
  • August 2019 Presentation (subscriber access)
  • 1Q19 Investor Deck (subscriber access)
  • February 2019 Corporate Presentation (subscriber access)
  • November 2018 Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • November 2017 Investor Presentation (subscriber access)
  • October 2017 Corporate Presentation (subscriber access)
  • August 2017 Investor Presentation (subscriber access)
  • May 2017 Corporate Presentation (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • April 2016 Presentation (subscriber access)

Company Transactions

Date: 8/30/2022
Type: Acquisition

DETAILS:

COST: 465 $MM

VOLUMES: 9.1 MBOE/d

ACRES: 37000 Acres

NOTES:
Ring Energy has agreed to acquire the assets of Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP from Warburg Pincus. The position includes 37,000 net acres in the Permian Basin’s Central Basin Platform with current net production of 9.1 Mboe/d (54% oil, 75% liquids.) The acreage also holds 500 new vertical drilling and recompletion locations.
REGIONS:
  • Central Basin Platform
  • Permian Basin
  • Date: 10/29/2020
    Type: Acquisition

    DETAILS:

    COST: 31.5 $MM

    VOLUMES: 0.9 MBOE/d

    ACRES: 20000 Acres

    NOTES:
    Ring Energy has entered into a purchase and sale agreement in the Delaware Basin to divest 20,000 net acres with 908 boe/d in production and 5,156 MMboe in reserves. The properties are being sold for $31.5 million and it will close in 60 days.
    REGIONS:
  • Delaware Basin
  • Date: 4/12/2019
    Type: Acquisition

    DETAILS:

    COST: 291 $MM

    VOLUMES: 5.4 MBOE/d

    ACRES: 38230 Acres

    NOTES:
    The assets, located in Yoakum County, Texas, cover 38,230 net acres and hold 5.4 Mboe/d in production on 127 gross wells. Ring funded the deal with $264 million in cash and 4.5 million shares of common stock.
    REGIONS:
  • Northwest Shelf (U.S.)
  • Date: 12/27/2018
    Type: Acquisition

    DETAILS:

    COST: 15.2 $MM

    ACRES: 4763

    NOTES:
    Ring Energy has entered into a deal with Tessar Petroleum Resources, a subsidiary of The Carlyle Group, to acquire 4,763 net acres in Andrews County, Texas. In exchange, Ring will issue 2.6 million shares of common stock valued at $5.80 per share, or $15.2 million.
    REGIONS:
  • Central Basin Platform
  • Date: 4/17/2017
    Type: Acquisition

    DETAILS:

    COST: 16.6 $MM

    ACRES: 33000 Acres

    NOTES:
    Ring Energy reported that it has acquired 33,000 acres in the Central Basin Platform for $16.6 million. The acreage is located in Gaines County, Texas, is undeveloped and was acquired for $500/acre. The deal is being funded with proceeds from a December 2016 equity offering.
    REGIONS:
  • Central Basin Platform