Ring Energy Provides Management Team Update

Rhea-AI Summary

Ring Energy (NYSE American: REI) has announced a key addition to its management team. Phillip Feiner has joined the company as Vice President, General Counsel, bringing over 25 years of energy industry experience. Mr. Feiner will lead Ring's legal and human resources efforts, playing a important role in executing the company's long-term strategy.

CEO Paul D. McKinney expressed confidence in Mr. Feiner's appointment, highlighting the importance of this role in maximizing cash flow, improving the balance sheet, and driving increased stockholder value. Mr. Feiner's extensive background includes positions at Nacero Inc., HSB Solomon Associates, Kosmos Energy, and Cano Petroleum, demonstrating his expertise in various sectors of the energy industry.

Positive

• Addition of experienced executive Phillip Feiner as VP, General Counsel
• Feiner brings 25+ years of energy industry experience to the role
• New appointment aligns with company's strategy to maximize cash flow and improve balance sheet

Negative

• None.

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced a management team update, including the addition of a new senior executive.

Mr. Phillip Feiner has joined Ring as Vice President, General Counsel. With more than 25 years of energy industry experience, including with both public and private companies, Mr. Feiner is responsible for leading Ring’s legal and human resources efforts.

Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are pleased to have Phillip join the Company given his substantial background and industry experience. This role is key to the execution of our long-term strategy, and I – along with the rest of the team – look forward to working closely with Phillip as we continue to focus on maximizing the Company’s cash flow, improving the balance sheet, and driving increased value for our stockholders.”

Prior to joining Ring, Mr. Feiner most recently served as General Counsel for Nacero Inc., a renewable fuels company. Prior to Nacero, Phillip served as General Counsel for HSB Solomon Associates, a global consulting and benchmarking firm serving the upstream, midstream, and downstream energy space. From 2011 to 2019, Mr. Feiner worked at Kosmos Energy as Assistant General Counsel where he was promoted to Vice President, Legal and HR and subsequently to Vice President and Deputy General Counsel. Prior to Kosmos Energy, Phillip served as Vice President and General Counsel for Cano Petroleum. Mr. Feiner received a B.A. degree from the University of North Carolina at Wilmington and a J.D. degree from Wake Forest University School of Law.

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission, including its Form 10-K for the fiscal year ended December 31, 2023, and its other filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

Contact Information
Al Petrie Advisors
Al Petrie, Senior Partner
Phone: 281-975-2146
Email: apetrie@ringenergy.com

FAQ

Who is the new Vice President, General Counsel at Ring Energy (REI)?

Phillip Feiner has been appointed as the new Vice President, General Counsel at Ring Energy (NYSE American: REI).

What is Phillip Feiner's role at Ring Energy (REI)?

Phillip Feiner will lead Ring Energy's legal and human resources efforts as Vice President, General Counsel.

How many years of experience does Phillip Feiner bring to Ring Energy (REI)?

Phillip Feiner brings over 25 years of energy industry experience to his new role at Ring Energy (REI).

What are Ring Energy's (REI) strategic goals mentioned in the announcement?

Ring Energy (REI) aims to maximize cash flow, improve the balance sheet, and drive increased value for stockholders.