Ring Energy Announces Sonu Johl Named New Chief Financial Officer
Ring Energy (NYSE American: REI) named Sundip “Sonu” Singh Johl as Executive Vice President, Chief Financial Officer and Treasurer, effective February 27, 2026.
Rhea-AI Summary
Ring Energy (NYSE American: REI) named Sundip “Sonu” Singh Johl as Executive Vice President, Chief Financial Officer and Treasurer, effective February 27, 2026. Mr. Johl brings more than 20 years of upstream energy investment banking and corporate finance experience, including senior roles at Raymond James, UBS, and Citi.
His background includes leadership in M&A, capital markets, valuation, and financial strategy, plus an MBA from the Darden Graduate School of Business Administration.
Positive
- CFO start date set for February 27, 2026
- More than 20 years of upstream energy investment banking experience
- Managing Director, Co-Head of Energy Investment Banking at Raymond James (2020–Jan 2026)
- Managing Director, Co-Head of E&P at UBS Investment Banking (2018–2020)
- Director at Citi Investment Banking Global Energy Group (2009–2018)
- Holds an MBA from Darden and a BS in Electrical Engineering
Negative
- None.
Details
News Market Reaction – REI
On Feb 4, the first trading day after this news, REI closed 2.52% above the previous close.
Data tracked by StockTitan Argus for the Feb 4 session.
Key Figures
- Experience
- more than 20 years
- Upstream oil and gas finance and advisory background
- Start date
- February 27, 2026
- Effective date for new EVP, CFO and Treasurer role
Historical Context
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Borrowing base reaffirmed at $585M under $1.0B senior revolving credit facility.
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Announcement of Water Tower Research fireside chat on strategy and capital plans.
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Reported Q3 loss driven by non-cash impairment but positive adjusted metrics and FCF.
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Set dates and call details for upcoming Q3 2025 earnings release and webcast.
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Immediate resignation of CFO; Interim CFO appointed while search for replacement begins.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
mergers and acquisitions financial
capital markets financial
investment banking financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Mr. Sundip (“Sonu”) Singh Johl will be joining the Company as its Executive Vice President, Chief Financial Officer and Treasurer effective February 27, 2026.
Mr. Johl brings more than 20 years of experience across upstream oil and gas investment banking, corporate finance, and strategic advisory roles, with deep expertise in mergers and acquisitions, capital markets, valuation, and financial strategy. From 2020 through January 2026, Mr. Johl was Managing Director, Co-Head of Energy Investment Banking at Raymond James & Associates, Inc., where he advised public and private E&P companies doing business in the Permian Basin as well as other major U.S. onshore basins. From 2018 to 2020, Mr. Johl was Managing Director, Co-Head of E&P at UBS Investment Banking Global Energy Group. From 2009 to 2018, Mr. Johl was a Director at Citi Investment Banking Global Energy Group. He has a Bachelor of Science degree in Electrical Engineering from San Jose State University and a Master of Business Administration degree from the Darden Graduate School of Business Administration at the University of Virginia.
Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are excited to welcome Sonu Johl to our executive management team. His many years of experience in upstream E&P banking, corporate finance and strategic advisory services for public energy producers will be invaluable to us as we continue our path toward building size and scale while creating value for our shareholders.” Mr. McKinney continued, “We have known and worked with Sonu for several years in his investment banking capacity and are confident he will leverage his knowledge and experience toward elevating Ring’s financial and capital markets business acumen. We look forward welcoming him to the Ring family.”
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, and the expected impact and timing of any new personnel or expected personnel transitions. 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, 2024, 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
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