Ring Energy Inc.

Ring Energy Inc. today released its operations update for the first quarter of 2018. In the three months ended March 31, 2018, the Company drilled 12 new horizontal San Andres wells, one new horizontal Brushy Canyon well, three saltwater disposal wells, and was in the process of drilling two additional new horizontal San Andres wells at the end of the quarter. Of the 13 drilled wells, 12 were one mile long and one was [...]

Ring Energy Inc. announced today financial results for the three months and twelve months ended December 31, 2017. For the three month period ended December 31, 2017, Ring reported oil and gas revenues of $23,308,668, compared to revenues of $9,830,708 for the quarter ended December 31, 2016. For the twelve months ended December 31, 2017, the Company reported oil and gas revenues of $66,699,700, compared to $30,850,248 [...]

Ring Energy Inc. has scheduled a conference call on Friday, March 16, 2018, at 12:00 p.m. EDT to discuss the 2017 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 Thursday, March 15, 2018. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference [...]

Ring Energy Inc. today announced the completion of an underwritten public offering of 6,164,000 shares of its common stock, including 804,000 shares sold pursuant to the full exercise of an over-allotment option previously granted to the underwriters. All of the shares were offered by the Company at a price to the public of $14.00 per share. The net proceeds to the Company from this offering were approximately $82 [...]

Ring Energy Inc. announced today that it has priced an underwritten public offering of 5,360,000 shares of its common stock to the public at $14.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 804,000 shares of common stock from the Company at the offering price . The Company expects to close the sale of the shares of common stock on February 27, 2018, subject to [...]

Ring Energy Inc. 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 completed, or as to the actual size or terms [...]

Ring Energy Inc. announced today a preliminary drilling and operational capital expenditure budget for 2018 of approximately $150 million. The majority of the Company’s CAPEX will be allocated to Ring’s Central Basin Platform asset. Management estimates that under the current two rig program, the Company will drill approximately 60 new horizontal wells in 2018 on its CBP asset. Also scheduled on the CBP for [...]

Ring Energy Inc. announced it has been added to the S&P SmallCap 600 Index, effective February 13, 2018, prior to the market open. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market. It consists of 600 domestic stocks selected by Standard & Poor’s Index Committee based on specific eligibility criteria such as market capitalization, liquidity, and financial viability. Mr. Kelly Hoffman [...]

Ring Energy Inc. today released its operations update for the fourth quarter of 2017. In the three months ended December 31, 2017, the Company, on its Central Basin Platform asset, drilled 19 new horizontal San Andres wells and were in the process of drilling number 20 at the end of the quarter. Of the 19 drilled wells, 16 were one mile long and three were ¾ of a mile long. In the fourth quarter, the Company [...]

Ring Energy Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today financial results for the three months and nine months ended September 30, 2017. For the three month period ended September 30, 2017, Ring had oil and gas revenues of $16,643,930, compared to $7,822,543 for the quarter ended September 30, 2016. For the nine month period ended September 30, 2017, the Company reported oil and [...]