Welcome to our dedicated page for Ring Energy news (Ticker: REI), a resource for investors and traders seeking the latest updates and insights on Ring Energy stock.
Ring Energy, Inc. (NYSE: REI) operates as a key player in oil and natural gas exploration, with strategic operations across Texas and Kansas. This page serves as the definitive source for REI news, offering investors and industry professionals timely updates on operational milestones and corporate developments.
Access curated press releases covering quarterly earnings, asset acquisitions, drilling advancements, and regulatory filings. Our repository ensures you stay informed about REI's Permian Basin activities and proven reserve growth strategies without market speculation.
Key content includes updates on exploration initiatives, production efficiency metrics, and management commentary. Bookmark this page for direct access to primary source materials that support informed energy sector analysis.
Ring Energy (NYSE American: REI) has updated its second quarter 2025 guidance, highlighting significant changes in capital spending while maintaining production targets. The company has reduced its capital spending guidance by over 50% to a midpoint of $18 million in response to recent oil price declines.
Despite the reduced spending, Ring Energy has reaffirmed its sales volume guidance with midpoints of 14,200 barrels of oil per day (Bo/d) and 21,500 barrels of oil equivalent per day (Boe/d). The production mix is expected to be 66% oil, 18% NGLs, and 16% gas. The company also maintained its Lease Operating Expense (LOE) guidance range with a midpoint of $12.00 per Boe.
CEO Paul D. McKinney emphasized the company's strategy to maximize cash flow and strengthen the balance sheet during volatile commodity prices. The decision to reduce capital spending is attributed to strong performance from first-quarter drilling, PDP assets, and recently acquired Lime Rock assets. Updated guidance for the remainder of the year will be provided with first-quarter results in early May.
Ring Energy (NYSE American: REI) reported strong operational performance for Q1 2025, with oil production exceeding 12,000 Bo/d and total production surpassing 18,300 Boe/d, both above guidance. The company successfully completed 7 wells (4 horizontal, 3 vertical), all outperforming pre-drill estimates.
A significant milestone was the completion of the Central Basin Platform (CBP) assets acquisition from Lime Rock Resources on March 31, 2025. This acquisition has already shown positive results, with production exceeding expectations by over 200 Boe/d and averaging above 2,500 Boe/d in the first two weeks. The company also achieved a 5% reduction in LOE through operational synergies.
Ring Energy has secured hedging positions for over 6,300 barrels of oil per day with weighted average downside protection of $64.44 per barrel for the remainder of 2025. The company maintains a strategy focused on free cash flow generation, disciplined capital spending, and debt reduction.
Ring Energy (NYSE American: REI) reported strong operational performance for Q1 2025, with oil sales volumes exceeding guidance. The company achieved production of over 12,000 barrels of oil per day and 18,300 barrels of oil equivalent per day. The outperformance was driven by successful drilling operations, with 7 horizontal and 3 vertical wells surpassing pre-drill estimates.
The company completed the acquisition of Central Basin Platform assets from Lime Rock Resources IV on March 31, 2025. This acquisition has shown immediate benefits with production exceeding expectations by over 200 Boe/d, averaging over 2,500 Boe/d in the first two weeks. Ring Energy has also reduced LOE by over 5% through operational synergies.
The company has hedged over 6,300 barrels of oil per day with weighted average downside protection of $64.44 per barrel for the remainder of 2025. Ring Energy will announce its complete Q1 2025 results on May 7, 2025.
Ring Energy (NYSE American: REI) announced changes to its Board of Directors. Ms. Regina Roesener will retire effective April 14, 2025, after serving on the Board since 2019. The company appointed Ms. Carla Tharp as a new independent Director, effective the same date.
Paul D. McKinney, Chairman of the Board and CEO, acknowledged Roesener's contributions, particularly highlighting her financial markets and board governance expertise, as well as her strategic guidance and oversight in support of Ring's stockholders.
Ring Energy (NYSE: REI) has completed its acquisition of Lime Rock Resources IV's Central Basin Platform (CBP) assets in the Permian Basin, Andrews County, Texas, on March 31, 2025. The acquisition includes approximately 17,700 net acres and brings 2,300 barrels of oil equivalent per day (>80% oil) from ~101 gross wells.
The transaction consideration included a $63.6 million cash payment, a $10 million deferred payment due December 31, 2025, and approximately 6.5 million shares of common stock. The acquisition is expected to generate $34 million in 2025 Adjusted EBITDA and includes over 40 gross locations for drilling.
The assets are mostly contiguous to Ring's existing Shafter Lake operations, offering operational synergies and cost reduction opportunities. The deal is valued at less than 85% of Proved Developed PV-10 reserves, which are valued at $120 million.
Ring Energy (NYSE American: REI) has announced its participation in a Water Tower Research Fireside Chat scheduled for April 1, 2025, at 10:00 AM Central Time. The discussion, led by WTR Managing Director Jeff Robertson with Ring's Chairman and CEO Paul McKinney, will focus on several key topics:
The session will primarily address Ring's recently announced $100-million acquisition of producing assets in the Permian Basin's Central Basin Platform and its impact on the company's 2025 outlook. Additional discussion points include:
- The acquisition's effect on Ring's conventional Permian Basin asset base
- Funding considerations and financial scale implications
- Economic analysis of acquisition versus drilling in current market conditions
- Strategy for maximizing free cash flow to strengthen the balance sheet
Investors can access the event through advance registration via Zoom, and the presentation will be available on Ring Energy's website.
Ring Energy (NYSE: REI) reported strong operational and financial results for Q4 and full year 2024. The company achieved net income of $67.5 million ($0.34 per share) for FY2024, with record sales volumes of 19,648 Boe/d, representing an 8% year-over-year increase.
Key 2024 highlights include:
- Generated Adjusted EBITDA of $233.3 million
- Reduced year-over-year operating costs by 2%
- Maintained capital spending at $151.9 million while improving efficiency
- Paid down $40 million in debt
- Grew proved reserves by 4.4 MMBoe to 134.2 MMBoe
For 2025, Ring Energy projects:
- Average annual sales of 21,000 Boe/d (7% increase)
- Capital spending of $154 million
- Approximately 49 wells to be drilled, completed and brought online
Ring Energy (NYSE American: REI) has announced an agreement to acquire Central Basin Platform assets from Lime Rock Resources IV for $100 million. The deal includes $80 million in upfront cash, $10 million deferred payment, and up to 7.4 million Ring common stock shares.
The acquisition, effective October 1, 2024, and expected to close by Q1 2025, includes 17,700 net acres in Andrews County, Texas, producing approximately 2,300 boe/d (>80% Oil) from 101 gross wells. The assets are valued at $120 million PD PV-10 based on February 2025 NYMEX pricing.
Key highlights include highly accretive metrics, operational synergies with Ring's existing footprint, increased free cash flow generation, and over 40 gross locations for immediate capital deployment. The transaction represents Ring's fourth acquisition since 2019, totaling approximately $940 million in assets.
Ring Energy (NYSE American: REI) has released its fourth consecutive annual Sustainability Report for 2024, highlighting significant progress in Environmental, Social, and Governance (ESG) initiatives. The report showcases the company's achievements, including a notable 59% year-over-year reduction in Scope 1 Greenhouse Gas emissions during 2023, primarily through reduced flaring and casing gas venting.
The 2024 Report details benefits from recent strategic acquisitions and asset dispositions, enabling investments in advanced technologies to reduce environmental impact, enhance employee programs, and strengthen community partnerships. The report's methodology aligns with multiple industry standards, including SASB's Oil and Gas Exploration and Production Sustainability Accounting Standard, GRI's Global Reporting Initiative, TCFD recommendations, and UN's Sustainable Development Goals.
Ring Energy (NYSE American: REI) announced the appointment of James J. Parr as Executive Vice President, Exploration and Geosciences. Parr brings over 30 years of energy leadership experience in upstream petroleum operations. The addition aims to enhance Ring's capability for value creation through organic and inorganic growth opportunities. CEO Paul D. McKinney highlighted Parr's track record in successful capital allocation and portfolio management, noting his expertise in achieving low-cost reserve additions and positive financial impacts.
