reports
Ring Energy Announces First Quarter 2024 Results, Provides Second Quar...
Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance ~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter of 2024 and reiterated its operational and financial guidance for the full ...
Ring Energy Announces Timing of First Quarter 2024 Earnings Release an...
Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference Call THE WOODLANDS, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its first quarter 2024 earnings release and conference call. Ring plans to issue its first quarter 2024 earnings release after the close of trading on Monday, May 6, 2024. The Company has scheduled a conference call on Tuesday, May 7, 2024 at 11:00 a.m. ET to discuss its first quarter 2024 operational and financial results. To participate, interested p...
- Jeff Robertson
Scaling Business Through Acquisitions & Development
Acquisitions are expected to remain a centerpiece of management’s three-pronged strategy to increase scale in the asset base, reduce outstanding debt, and ultimately position the company to return cash to shareholders. The Stronghold acquisition in 3Q22, followed by the Founders acquisition in 3Q23, added operational scale and inventory depth on the southern portion of the Central Basin Platform (CBP). Together with Ring’s Northwest Shelf (NWS) assets, the inventory provides a diverse set of hor...
Ring Energy Announces Participation in Water Tower Research Fireside C...
Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024 THE WOODLANDS, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on March 26, 2024 at 2:00 PM Eastern. As part of WTR’s ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Paul McKinney, Ring’s Chairman and Chief Executive Officer. Included in the discussion will be a variety of impor...
Ring Energy Announces Participation in 36th Annual Roth Conference
Ring Energy Announces Participation in 36th Annual Roth Conference THE WOODLANDS, Texas, March 12, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Dana Point, California from March 17-19, 2024. Paul McKinney, Chairman and Chief Executive Officer, Alex Dyes, Executive Vice President of Engineering and Corporate Strategy, and Travis Thomas, Executive Vice President and Chief Financial Officer will participate in the Conference and host one-...
Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results...
Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance THE WOODLANDS, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported record operational and financial results for the fourth quarter and full year 2023, year-end 2023 proved reserves and provided additional 2024 operational and financial guidance. 2023 Q4 and Full Year Highlights and Recent Key Items Grew fourth quarter total sales volumes 11% to a record 19,397 barrels of oil equivalent...
Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earn...
Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its fourth quarter 2023 earnings release and conference call. Ring plans to issue its fourth quarter and full year 2023 earnings release after the close of trading on Thursday, March 7, 2024. The Company has scheduled a conference call on Friday, March 8, 2024 at 11:00 a.m. ET to discuss its fourth quarter and full year 2023 operational...
- Jeff Robertson
Estimate Update
Ring’s 4Q23 production averaged ~19,400 BOE/d, near the high end of management’s 18,900-19,500 BOE/d guidance range. Average production increased 11% from 3Q23, reflecting the full-quarter inclusion of volumes acquired in the Founders acquisition, which closed in August 2023, and from volumes added from the completion of the 2023 development program in the quarter. Management expects 1Q24 production to average 18,000-18,500 BOE/d. 1Q24 volumes were adversely affected by winter weather disruption...
Ring Energy Announces Production Results and Continued Debt Reduction ...
Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024 ~ Record Q4 2023 Sales Volumes Near High End of Guidance ~ ~ Further Reduced Debt in Addition to Making Final Payment for the Founders Acquisition ~ THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational and financial update for the fourth quarter of 2023, as well as production and capital spending guidance for the first quarter of 2024. Key High...
Ring Energy to Present at the Microcap Conference
Ring Energy to Present at the Microcap Conference THE WOODLANDS, Texas, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, will present and host one-on-one meetings with investors during the Microcap Conference on January 31 - February 1, 2024 in Atlantic City, New Jersey. An updated investor deck prepared in conjunction with the conference will be available on Ring’s web site, , on January 31 in the “Investors” section of the site. About Ring Energy, Inc. Ring E...
Ring Energy Announces Issuance of 2023 Sustainability Report
Ring Energy Announces Issuance of 2023 Sustainability Report THE WOODLANDS, Texas, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2023 Sustainability Report (the “2023 Report”), which is available on the Company’s website at under the “Sustainability” tab. The report provides updated and comprehensive information about Ring’s Environmental, Social and Governance (“ESG”) initiatives and related key performance indicators. In the creation of the document, the Company primarily consulted the Sustai...
Ring Energy Announces Successful Results of Senior Credit Facility Fal...
Ring Energy Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition THE WOODLANDS, Texas, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under its $1.0 billion senior revolving credit facility (the “Credit Facility”). In addition, the Company announced that it had recently made the final payment of $11.9 million on its previously-announced acquisition of the Central Basin Platform assets of F...
Ring Energy to Present at Sidoti Virtual Investor Conference
Ring Energy to Present at Sidoti Virtual Investor Conference THE WOODLANDS, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, will present and host one-on-one meetings with investors during the Sidoti December Virtual Investor Conference on December 6-7, 2023. The Company’s formal presentation will begin at 12:15 pm ET on Thursday, December 7 and can be accessed live here: . Ring will also host virtual one-on-ones with investors on Wednesday and Thursday, ...
Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Qu...
Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance ~ Matches Record for Generating Quarterly Adjusted EBITDA ~ ~ Benefiting from Solid Industry Backdrop, Targeted Capital Spending Program and Recently Completed Acquisition ~ ~ Closed on Sale of Non-Core Operated New Mexico Assets on September 27, 2023 ~ THE WOODLANDS, Texas, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the third quarter of 2023. In addition, the Company updated its guidance f...
Ring Energy Announces Timing of Third Quarter 2023 Earnings Release an...
Ring Energy Announces Timing of Third Quarter 2023 Earnings Release and Conference Call THE WOODLANDS, Texas, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2023 earnings release and conference call. Ring plans to issue its third quarter 2023 earnings release after the close of trading on Thursday, November 2, 2023. The Company has scheduled a conference call on Friday, November 3, 2023 at 11:00 a.m. ET to discuss its third quarter 2023 operational and financial results. To participate,...
Ring Energy Announces the Closing of the Founders Oil & Gas Permian Ba...
Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition THE WOODLANDS, Texas, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has completed its previously announced acquisition (the “Transaction”) of the Central Basin Platform (“CBP”) assets of Founders Oil & Gas IV, LLC (“Founders”). Founders’ CBP operations are located in the Permian Basin in Ector County, Texas and are focused on the development of approximately 3,600 net acres that are similar to Ring’s CBP assets acquired in 202...
Ring Energy Announces Participation in Upcoming Energy Investor Confer...
Ring Energy Announces Participation in Upcoming Energy Investor Conferences THE WOODLANDS, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Alex Dyes, Executive Vice President of Engineering and Corporate Strategy, is scheduled to make a presentation on Monday, August 14th, 2023 at 1:55 pm Mountain Time (2:55 pm Central Daylight Time). Senior management will also host one-on-one meetings with investors. The presentation will be w...
Ring Energy Announces Second Quarter 2023 Results and Reiterates Quart...
Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023 ~ Second Half 2023 to Benefit from Targeted 2023 Capital Spending Program and Recently Announced Acquisition ~ THE WOODLANDS, Texas, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the second quarter of 2023. In addition, the Company reaffirmed its pro forma guidance for the third and fourth quarters of 2023 assuming completion of its recently announced transaction to acquire addi...
Ring Energy Announces Timing of Second Quarter 2023 Earnings Release a...
Ring Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference Call THE WOODLANDS, Texas, July 20, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2023 earnings release and conference call. Ring plans to issue its second quarter 2023 earnings release after the close of trading on Thursday, August 3, 2023. The Company has scheduled a conference call on Friday, August 4, 2023 at 11:00 a.m. ET to discuss its second quarter 2023 operational and financial results. To participate, in...
- Jeff Robertson
Expanding Central Basin Platform Core Area
Ring is pursuing a strategy to position the company to ultimately return capital to shareholders. Execution involves accretive acquisitions that generate free cash flow, which can be applied to the balance sheet to reduce leverage. Please see our June 22, 2023, Management Series Report “Conventional Path to Shareholder Value” for discussion of the strategy. The report can be found in our full report or on our website. In keeping with its strategy, Ring announced an agreement to acquire producing...
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