Ring Energy Inc. - REI STOCK NEWS

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 MKT: REI) is a Texas-based independent oil and gas company specializing in exploration, development, and production activities. Founded in 2012, the company has strategically focused its operations in Texas and Kansas, with a particular emphasis on the resource-rich Permian Basin. This area includes the Northwest Shelf, the Central Basin Platform, and the Delaware Basin, which are known for their oil and liquid-rich producing formations.

Ring Energy's primary mission is to enhance shareholder value by expanding its proven reserves and maintaining positive cash flow. The management team, which boasts over 100 years of combined experience, has a proven track record of successfully building oil and gas companies from the ground up. Through strategic acquisitions and exploitation, Ring Energy has increased its proven reserves to an estimated 7.2 million barrels of oil equivalents (BOE) as of December 31, 2013, with a PV-10 (future net revenues discounted at 10%) estimated at $198 million.

The company continues to actively seek and develop select properties that promise immediate positive cash flow and long-term development opportunities. This strategy not only boosts the company's resource base but also ensures sustainable growth and profitability. Recent achievements and ongoing projects highlight Ring Energy's commitment to operational excellence and financial robustness.

Ring Energy is headquartered in The Woodlands, Texas, and maintains a transparent communication channel with its stakeholders. For the latest updates and detailed information, Ring Energy encourages interested parties to reach out to their Senior Partner, Al Petrie, at apetrie@ringenergy.com or by phone at 281-975-2146.