Ring Energy Inc.
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About
Ring Energy Inc. is an oil and gas exploration, development and production company with current operations in Texas. The Midland, Texas-headquartered oil and gas exploration and development company with two core areas of operation in the Permian Basin; the Central Basin Platform and the Delaware Basin.
Transactions
Ring Energy to Acquire Stronghold for up to $465 Million
Ring Energy to Acquire Stronghold for up to $465 Million
Ring Energy to Acquire Stronghold for up to $465 Million
Ring Energy to Acquire Stronghold for up to $465 Million
Ring Energy to Sell Delaware Basin Acreage for $31.5 Million
Ring Energy to Sell Delaware Basin Acreage for $31.5 Million
Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition
Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition
Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition
Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition
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New Financings
Announced borrowing base under its senior revolving credit facility was recently successfully reaffirmed…
Ring Energy Inc. completed the scheduled fall 2019 redetermination evaluation of its $1 billion…
Announced that the borrowing base on the company's $500 million senior secured credit facility has…
Priced an underwritten public offering of 5.36 million shares of its common stock to the public at $14…
Completed public offering of about 4.97 million common shares priced at $12.50 each. Net proceeds will…
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News
Flurry of Deals from Canada to the Permian Basin Close Out 2023
Several Canadian E&Ps are adding scale and undrilled inventory in prolific resource plays in Alberta, while in the Permian Basin, Ring Energy finalized an acquisition in the Central Basin Platform.
E&P Reinvestment Rates Predicted to Drop, Rystad Says
Rystad believes the reinvestment rate—the ratio of capex and cash flow from operations—is in decline from a high of 72% reached in the second quarter.
Private Equity Ownership in E&Ps Slips, Reducing Overhang: Truist
A Truist Securities study finds more diversity in private equity ownership of E&Ps and predicts more of them will keep their ownership for the longer term.
‘Free Cash Flow Utopias’ Offset E&Ps Hurdles to Accessing Capital
High FCFs allow companies to fund their own projects, return capital to investors and pay off debt without having to delve into high-interest debt.
Ring Energy Closes Permian Basin Assets Acquisition
Ring Energy closed on an acquisition of approximately 3,600 net acres in Ector County, Texas from Founders Oil & Gas IV LLC.
A&D Minute: Companies Shore Up Assets, Streamline Operations [WATCH]
In this week's A&D Minute, companies merge, shore up their balance sheet and shift away from fossil fuels.Â
Ring Energy Bolts-on Assets in Permian’s Central Basin Platform
Ring Energy said it would buy approximately 3,600 net acres in Ector County, Texas from Founders Oil & Gas IV LLC.
Former Ring Executives Start IPO for E&P Rise Oil & Gas
Rise Oil & Gas, a new Permian Basin company, aims to drill at least one well by the end of the year.
Ring Energy Sells Delaware Assets, Eyes New Mexico Divestitures
Ring Energy recently sold its non-core footprint in the Delaware Basin, using the proceeds to pay down debt. The Permian Basin E&P also aims to offload assets in New Mexico.
Anatomy of a Deal: Ring Energy’s Conventional Wisdom
The purchase of Stronghold Energy II allows Ring to keep its focus on mature, conventional assets in the Permian’s Northwest Shelf and Central Basin Platform.
Family Behind Stronghold Energy Raises $500MM for Permian Deals
After selling Stronghold Energy II to Ring Energy for $465 million last year, Steve and Caleb Weatherl aim to develop another Permian position with their new E&P, Garrison Energy.
Forty Under 40: Alex Dyes, Ring Energy Inc.
Today's featured Forty Under 40 honoree is Alex Dyes, who serves as executive vice president of engineering and corporate strategy at Ring Energy Inc.
Exclusive: Ring Energy’s Conventional Wisdom on its $465 Million Permian Deal [WATCH]
Ring Energy’s chairman and CEO Paul D. McKinney spoke with Hart Energy at the A&D Strategies and Opportunities Conference in Dallas about the company's $465 million acquisition of Stronghold Energy II Royalties LP’s Permian assets.
Ring Energy Completes $465 Million Acquisition of Stronghold
Ring Energy announced in July an agreement to acquire Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP for up to $465 million.
Ring Energy to Acquire Stronghold for up to $465 Million
Following the closing of the transaction, the owners of Stronghold II Operating, founded in 2017 by father and son duo Steve and Caleb Weatherl, will become Ring Energy’s largest stockholder.