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 American: REI) is an independent oil and gas exploration, development, and production company with operations focused on the Permian Basin. The Ring Energy news feed on Stock Titan aggregates company-issued press releases and related coverage so readers can follow how the business is performing and evolving over time.
Recent news highlights include quarterly operational and financial results, updates to sales volume and capital investment guidance, and commentary on lease operating expenses, general and administrative costs, and free cash flow generation. The company regularly reports on its drilling and completion activity in the Central Basin Platform and Northwest Shelf, including one-mile horizontal wells and vertical wells, as well as recompletions, capital workovers, and infrastructure upgrades on its existing asset base.
Ring Energy’s news flow also covers balance sheet and liquidity topics such as its senior revolving credit facility, borrowing base reaffirmations at $585 million, and targeted debt reduction using free cash flow. Management commentary in these releases discusses capital discipline, production levels, and the impact of commodity price volatility on spending plans and operating costs.
Beyond financial and operational updates, Ring Energy issues news on corporate governance and organizational changes, such as executive transitions, and on partnerships that affect its operations, including the selection of Veriforce as its exclusive contractor management partner to support safety and compliance processes. Investors and followers of REI can use this news page to review earnings announcements, guidance revisions, credit facility updates, and corporate developments in one place.
Ring Energy (NYSE American: REI) has announced its schedule for the second quarter 2025 earnings release and conference call. The company will release its Q2 2025 earnings report after market close on Wednesday, August 6, 2025.
A conference call to discuss operational and financial results is scheduled for Thursday, August 7, 2025, at 11:00 a.m. ET. Participants can join by dialing 833-953-2433 (US) or 412-317-5762 (International). The call will also be available via webcast on Ring Energy's website, with an audio replay accessible afterward.
Ring Energy (NYSE American: REI) announced its participation in a Water Tower Research fireside chat scheduled for July 15, 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 including the integration of recently acquired Central Basin Platform assets from Lime Rock Resources IV, LP in Q1 2025.
The conversation will address the strategic fit of these assets with Ring's existing portfolio, cost synergy opportunities, capital program adaptation during market volatility, and the company's deleveraging strategy. Investors can access the event through advance registration via Zoom or through Ring Energy's website.
Ring Energy (NYSE:REI) has selected Veriforce as its exclusive contractor management provider to enhance safety and compliance operations. The partnership aims to streamline Ring Energy's contractor oversight processes as the company experiences significant growth.
Through this collaboration, Ring Energy will utilize Veriforce's centralized solution for managing its contractor base, including compliance management capabilities and expert-led workforce training. The training programs encompass SafeLand and Hydrogen Sulfide (H2S) awareness courses to ensure contractor safety compliance before site access.
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.