Ring Energy Inc. announced today financial results for the three months and six months ended June 30, 2020. For the three-month period ended June 30, 2020, the Company reported oil and gas revenues of $10,636,593. For the six months ended June 30, 2020, the Company reported oil and gas revenues of $50,206,921. For the three months ended June 30, 2020, Ring reported a net loss of $135,000,066 or $1.99 per diluted share [...]
Ring Energy Inc. has scheduled a conference call on Tuesday, August 11, 2020 at 11:00 a.m. ET to discuss the second quarter 2020 financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, August 10, 2020. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call [...]
Ring Energy Inc. today released its operations update for the second quarter of 2020. On March 9, 2020, management stated in a release that the Company had ceased all drilling activity due to the drop in commodity prices. On the Company’s 1st quarter 2020 conference call, management reconfirmed that decision due to the continued volatility in the marketplace and the large differential in pricing between the NYSE WTI spot [...]
EnerCom hosts its 25th annual The Oil & Gas Conference in an innovative digital format Virtual attendance open to registrants globally Attendance fees will be waived for qualifying buyside attendees EnerCom, Inc. is pleased to announce that registration is open for the 25th annual edition of its popular The Oil & Gas Conference® August 17th to the 19th, 2020. This year's event will allow the global energy investment [...]
Ring Energy Inc. announced today it completed the scheduled spring 2020 redetermination evaluation of its $1 billion senior credit facility. The Company has entered into a new amendment to the senior credit facility as part of the scheduled spring redetermination. The amendment reduced the immediate borrowing base from $425 million to $375 million. The next redetermination evaluation is scheduled for November 2020 [...]
Ring Energy Inc. announced today financial results for the three months ended March 31, 2020. For the three-month period ended March 31, 2020, the Company reported oil and gas revenues of $39,570,328 compared to revenues of $41,798,315 for the quarter ended March 31, 2019. For the three months ended March 31, 2020, Ring reported net income of $43,804,118, or $0.64 per diluted share, compared to net income of $4,269,260 [...]
Ring Energy Inc. announced today that it has submitted a Form S-3 Registration Statement for approval with the Securities and Exchange Commission on May 4,2020. The Prospectus will allow the Company to issue up to an aggregate of $313,843,695 of its common stock, preferred stock, warrants, units and debt securities from time to time at prices and on terms to be determined at or prior to the time of an offering. The [...]
Ring Energy Inc. has scheduled a conference call on Tuesday, May 12, 2020 at 11:00 a.m. ET to discuss the first quarter 2020 financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, May 11, 2020. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call. International [...]
Ring Energy Inc. today released its operations update for the first quarter of 2020. In the three months ended March 31, 2020, the Company drilled four new horizontal San Andres wells on its Northwest Shelf asset. All four new wells drilled were completed, tested and had Initial Potentials filed. In addition to the four new wells drilled in the first quarter which had IPs filed, the company completed testing and filed IPs [...]
Ring Energy Inc. announced today that it has entered into a Purchase and Sale Agreement to sell its Delaware Basin asset located in Culberson and Reeves Counties, Texas . The Property consists of approximately 20,000 net acres. The current net daily production from the Property is approximately 575 BOP/D and 2,000 MCF/D , equaling approximately 908 BOEPD . Year-end 2019 PDP reserve estimates, as determined by outside [...]
Ring Energy Inc. announced today financial results for the three months and twelve months ended December 31, 2019. For the three-month period ended December 31, 2019, the Company reported oil and gas revenues of $52,231,186 compared to revenues of $27,561,908 for the quarter ended December 31, 2018. For the twelve months ended December 31, 2019, the Company reported oil and gas revenues of $195,702,831, compared to [...]
Ring Energy Inc. released today an operations update due to the recent drop in commodity prices. Mr. Kelly Hoffman, Ring’s Chief Executive Officer, stated, “The recent drop in the price of oil has forced us, as well as other operators, to re-evaluate our current capital expenditure budget for 2020 and make changes accordingly that we believe are in the best interest of the Company and its shareholders &ndash [...]
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