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Ring Energy Inc

KWE1:STU

Ring Energy Inc

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  • Price (EUR)1.63
  • Today's Change-0.01 / -0.61%
  • Shares traded0.00
  • 1 Year change+2.52%
  • Beta--
Data delayed at least 15 minutes, as of May 31 2024.
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About the company

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

  • Revenue in USD (TTM)367.48m
  • Net income in USD77.66m
  • Incorporated2004
  • Employees108.00
  • Location
    Ring Energy Inc1725 Hughes Landing Blvd., Suite 900THE WOODLANDS 77380United StatesUSA
  • Phone+1 (281) 397-3699
  • Websitehttps://ringenergy.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status		REI:ASQ since
announced		Transaction
value
Founders Oil & Gas IV LLC-Central Basin PlatformDeal completed11 Jul 202311 Jul 2023Deal completed-2.72%65.00m
Data delayed at least 15 minutes, as of May 31 2024 21:10 BST.
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