Ring Energy Inc. (NYSE MKT: REI) ( €œCompany €) ( €œRing €) announced today that it has signed a purchase and sale agreement to acquire producing wells and leaseholds located in Culberson and Reeves Counties, Texas ( €œAcquisition €). Acquisition Details The property consists of approximately 14,000 net acres. Ring will be the operator and have an approximate 98% working [...]
Ring Energy Inc. (NYSE MKT: REI) ( Ring )( Company ) announced today financial results for the first quarter ended March 31, 2015. For the three month period ended March 31, 2015, Ring had oil and gas revenues of $6,045,701 compared to $5,970,452 for the quarter ended March 31, 2014, a 1% increase, and a net loss of $975,624, or $0.04 per diluted share, compared to net income of $1,163,689 or $0.05 per diluted share, for [...]
Ring Energy Inc. (NYSE-MKT: REI) ( Ring )( Company ) has scheduled a conference call on Thursday, May 7, 2015 at 12:00 p.m. EDT to discuss the 2015 first quarter financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Wednesday, May 6, 2015. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring [...]
Ring Energy Inc. (NYSE MKT: REI) (“Ringâ€) (“Companyâ€) today released its operations update for the first quarter of 2015. In the first three months of 2015, Ring completed and placed in production seven new development wells that were drilled in the fourth quarter of 2014 on their Texas properties. In addition, two new development wells were drilled in the first quarter of 2015. Currently, five new development wells, including the two drilled in 2015, are in varying stages of completion and will be placed in production in the second quarter. As a result, net production for the quarter ended March 31, 2015 was ... [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring)(Company) announced today financial results for the fourth quarter and year ended December 31, 2014. Ring had net income of $2,708,604, a 76% increase, on oil and gas revenues of $9,984,982, a 98% increase, for the fourth quarter compared to net income of $1,534,957 on revenues of $5,051,434 for the fourth quarter ended December 31, 2013. For the year ended December 31, 2014 [...]
Ring Energy Inc. (NYSE-MKT: REI) (Ring) (Company) has scheduled a conference call on Tuesday, March 17, 2015 at 12:00 p.m. EDT to discuss the 2014 fourth quarter and year end financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, March 16, 2015. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring) (Company) today announced its operations update for the fourth quarter of 2014. In the last three months of 2014, Ring drilled 43 new development wells, 33 of which were completed and placed in production by year-end. The remaining 10 development wells are in varying stages of completion and will be placed in production in early 2015. In addition, the Company performed five [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring or the Company) today reaffirmed their 2014 development program and capital expenditure budget of $125 million. Management felt it necessary to reconfirm their stated 2014 development program because of the recent decline in commodity prices. Through the first three quarters of 2014, the Company had drilled 92 new development wells on its Texas properties and is on pace to [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring)(Company) announced today financial results for the three months and nine months ended September 30, 2014. For the three month period ended September 30, 2014, Ring had oil and gas revenues of $10,929,771, compared to $2,820,731 for the quarter ended September 30, 2013, a 287% increase and net income of $1,726,469 or $0.06 per fully diluted share, compared to a net loss of [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring or the Company) today announced its operations update for the third quarter of 2014. During the third quarter, Ring drilled 32 new wells on its Permian Basin properties in Andrews County, Texas, making a total of 132 new wells drilled since securing a rig in early June 2013. Nineteen of the 32 wells were completed and placed in production and the remaining 13 wells are in various [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring) (Company) announced today financial results for the three months and six months ended June 30, 2014. For the three month period ended June 30, 2014, Ring had oil and gas revenues of $11,204,238, compared to $1,291,579 for the quarter ended June 30, 2013, a 767% increase and net income of $2,821,738 or $0.11 per fully diluted share, compared to a net loss of $890,393, or $0.06 [...]
Ring Energy Inc. (NYSE MKT: REI) (Ring) (Company) today announced its operations update for the second quarter of 2014. During the second quarter, Ring drilled 36 development wells and one salt water disposal well on their Texas properties, 27 of which were completed and placed in production by June 30, 2014. The remaining nine development wells are in varying stages of completion and will be placed in production in [...]