Ring Energy Provides Operational Update
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) ha riportato una solida performance operativa nel primo trimestre 2025, con volumi di vendita di petrolio superiori alle previsioni. L'azienda ha raggiunto una produzione di oltre 12.000 barili di petrolio al giorno e 18.300 barili di petrolio equivalente al giorno. Il risultato superiore alle aspettative è stato guidato da operazioni di perforazione di successo, con 7 pozzi orizzontali e 3 verticali che hanno superato le stime pre-perforazione.
L'azienda ha completato l'acquisizione degli asset della Central Basin Platform da Lime Rock Resources IV il 31 marzo 2025. Questa acquisizione ha mostrato benefici immediati con una produzione superiore alle aspettative di oltre 200 Boe/g, con una media di oltre 2.500 Boe/g nelle prime due settimane. Ring Energy ha inoltre ridotto i costi operativi (LOE) di oltre il 5% grazie a sinergie operative.
L'azienda ha coperto oltre 6.300 barili di petrolio al giorno con una protezione media al ribasso di 64,44 $ per barile per il resto del 2025. Ring Energy annuncerà i risultati completi del primo trimestre 2025 il 7 maggio 2025.
Ring Energy (NYSE American: REI) reportó un sólido desempeño operativo en el primer trimestre de 2025, con volúmenes de venta de petróleo que superaron las previsiones. La compañía logró una producción de más de 12,000 barriles de petróleo por día y 18,300 barriles equivalentes de petróleo por día. Este rendimiento superior fue impulsado por operaciones de perforación exitosas, con 7 pozos horizontales y 3 verticales que superaron las estimaciones previas a la perforación.
La empresa completó la adquisición de los activos de Central Basin Platform de Lime Rock Resources IV el 31 de marzo de 2025. Esta adquisición mostró beneficios inmediatos con una producción que superó las expectativas en más de 200 Boe/d, promediando más de 2,500 Boe/d en las primeras dos semanas. Ring Energy también ha reducido los costos operativos (LOE) en más del 5% gracias a sinergias operativas.
La compañía ha cubierto más de 6,300 barriles de petróleo por día con una protección promedio a la baja de $64.44 por barril para el resto de 2025. Ring Energy anunciará sus resultados completos del primer trimestre de 2025 el 7 de mayo de 2025.
Ring Energy (NYSE American: REI)는 2025년 1분기에 강력한 운영 실적을 보고했으며, 석유 판매량이 예상치를 초과했습니다. 회사는 일일 12,000배럴 이상의 석유 생산과 일일 18,300배럴 석유환산 생산을 달성했습니다. 이 성과는 7개의 수평정과 3개의 수직정이 시추 전 예상치를 뛰어넘는 성공적인 시추 작업 덕분입니다.
회사는 2025년 3월 31일 Lime Rock Resources IV로부터 Central Basin Platform 자산 인수를 완료했습니다. 이 인수는 즉각적인 효과를 나타내어 생산량이 기대치를 200 Boe/d 이상 초과했으며, 첫 2주 동안 평균 2,500 Boe/d 이상을 기록했습니다. Ring Energy는 운영 시너지로 인해 운영비용(LOE)을 5% 이상 절감했습니다.
회사는 2025년 남은 기간 동안 하루 6,300배럴 이상의 석유에 대해 배럴당 평균 하방 보호가 $64.44인 헤지를 완료했습니다. Ring Energy는 2025년 5월 7일에 2025년 1분기 전체 실적을 발표할 예정입니다.
Ring Energy (NYSE American: REI) a annoncé de solides performances opérationnelles pour le premier trimestre 2025, avec des volumes de vente de pétrole supérieurs aux prévisions. La société a atteint une production de plus de 12 000 barils de pétrole par jour et 18 300 barils équivalents pétrole par jour. Cette surperformance a été portée par des opérations de forage réussies, avec 7 puits horizontaux et 3 verticaux dépassant les estimations pré-forage.
La société a finalisé l'acquisition des actifs de Central Basin Platform auprès de Lime Rock Resources IV le 31 mars 2025. Cette acquisition a apporté des bénéfices immédiats avec une production dépassant les attentes de plus de 200 Boe/j, avec une moyenne de plus de 2 500 Boe/j lors des deux premières semaines. Ring Energy a également réduit les coûts d'exploitation (LOE) de plus de 5 % grâce à des synergies opérationnelles.
La société a couvert plus de 6 300 barils de pétrole par jour avec une protection moyenne à la baisse de 64,44 $ par baril pour le reste de l'année 2025. Ring Energy annoncera ses résultats complets du premier trimestre 2025 le 7 mai 2025.
Ring Energy (NYSE American: REI) meldete eine starke operative Leistung für das erste Quartal 2025, wobei die Ölverkaufsvolumen die Prognosen übertrafen. Das Unternehmen erreichte eine Produktion von über 12.000 Barrel Öl pro Tag und 18.300 Barrel Öläquivalent pro Tag. Die Überperformance wurde durch erfolgreiche Bohrungen erzielt, bei denen 7 horizontale und 3 vertikale Bohrungen die Vorbohrschätzungen übertrafen.
Das Unternehmen schloss am 31. März 2025 die Übernahme der Central Basin Platform Vermögenswerte von Lime Rock Resources IV ab. Diese Übernahme zeigte sofortige Vorteile mit einer Produktion, die die Erwartungen um über 200 Boe/d übertraf und in den ersten zwei Wochen durchschnittlich über 2.500 Boe/d betrug. Ring Energy hat zudem die Betriebskosten (LOE) durch operative Synergien um über 5 % gesenkt.
Das Unternehmen hat für den Rest des Jahres 2025 über 6.300 Barrel Öl pro Tag mit einem gewichteten durchschnittlichen Abwärtsschutz von 64,44 $ pro Barrel abgesichert. Ring Energy wird die vollständigen Ergebnisse für das erste Quartal 2025 am 7. Mai 2025 bekannt geben.
- Oil production exceeded guidance at over 12,000 Bo/d
- All 10 new wells surpassed pre-drill estimates
- Successful completion of Lime Rock acquisition with immediate production benefits
- Achieved 5% reduction in LOE through operational synergies
- Strong hedging position with 6,300 Bo/d at $64.44/barrel floor price
- Experienced some weather-related downtime in Q1
Insights
Ring Energy delivers strong Q1 with production exceeding guidance, successful acquisition integration, and effective hedging strategy, positioning for increased cash flow.
Ring Energy's Q1 2025 operational update reveals robust performance across several key metrics. The company produced over
What's particularly impressive is the successful execution of their drilling program. All 10 wells brought online (7 horizontal, 3 vertical) outperformed pre-drill estimates, demonstrating technical competence and reservoir understanding. This consistent outperformance suggests their internal projections and geological models are sound, if not conservative.
The completion of the Central Basin Platform acquisition from Lime Rock Resources represents a strategic win. Early integration shows promising results with
Ring's prudent risk management is evident in their hedging strategy, with 6,300 barrels daily hedged at
The company's focus on free cash flow generation, disciplined capital allocation, and debt reduction positions them well in the volatile commodity environment. Their contracting structure allows rapid adaptation to price fluctuations while maintaining operational momentum. For a small-cap producer, this combination of production growth, acquisition integration success, and financial discipline creates a compelling value proposition.
~ Announces Timing of First Quarter Earnings Conference Call ~
THE WOODLANDS, Texas, April 17, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company’s guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring’s quarterly results conference call.
KEY HIGHLIGHTS
- Produced over 12,000 barrels of oil per day (“Bo/d”), exceeding high end of guidance;
- Produced over 18,300 barrels of oil equivalent per day (“Boe/d”), exceeding the midpoint of guidance;
- Oil production outperformance was driven by the success of Ring's drilling program, featuring 7 horizontal and 3 vertical wells coming online, all surpassing the Company's pre-drill estimates;
- Completed the acquisition of the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) on March 31, 2025;
- Highly accretive transaction provides immediate and meaningful increased cash flow from shallow declining, long life, oil weighted assets;
- Realized initial operational synergies by reducing LOE over
5% ; - Production during the first two weeks of Ring’s operations exceeded expectations by over 200 Boe/d, averaging over 2,500 Boe/d; and
- Company has over 6,300 barrels of oil per day hedged with weighted average downside protection of
$64.44 per barrel for the remainder of the year, as of April 1, 2025.
Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “The first quarter has set a strong foundation for 2025, and we look forward to sharing our full results in early May. Despite some initial weather-related downtime, we are pleased to report that oil sales volumes surpassed our highest projections, thanks to the outstanding performance of the wells drilled this quarter. Every well not only met but exceeded our pre-drill expectations, showcasing our operational excellence. Additionally, we successfully completed our Lime Rock asset acquisition before the quarter's end, and we are actively integrating these new properties into our portfolio—yielding an impressive 200 Boe/d increase over earlier estimates during the first two weeks of operations. We are confident that these achievements will propel us toward continued success in the upcoming months.”
Mr. McKinney concluded, “Our value-focused and proven strategy is designed to effectively navigate both high and low commodity price cycles, emphasizing the generation of free cash flow, maintaining a disciplined capital spending program, and prioritizing debt reduction. The flexibility in our contracting terms with drilling rigs and oil field service providers empowers us to quickly adapt our capital spending to stay aligned with our objectives. Our steadfast, value-focused strategy ensures we maintain the discipline and agility needed to navigate price volatility, positioning the Company for enduring success.”
First Quarter Earnings Conference Call
Ring plans to issue its first quarter 2025 earnings release after the close of trading on Wednesday, May 7, 2025. The Company has scheduled a conference call on Thursday, May 8, 2025 at 11:00 a.m. central standard time to discuss its first quarter 2025 operational and financial results. To participate, interested parties should dial 833-953-2433 at least five minutes before the call is to begin. Please reference the “Ring Energy First Quarter 2025 Earnings Conference Call”. International callers may participate by dialing 412-317-5762. The call will also be webcast and available on Ring’s website at www.ringenergy.com under “Investors” on the “News & Events” page. An audio replay will also be available on the Company’s website following the call.
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, including: expected first quarter 2025 sales volumes and capital projects activity levels; the potential impact of and the Company’s efforts to manage commodity price volatility through targeted contracting, hedging and other Company-directed strategies; and, the expected benefits and related timing afforded by the recent completion for the Lime Rock acquisition – all of which are designed to further position the Company for long-term success. The forward-looking statements include the Company’s ability to execute its proven strategy designed to further position the Company for long-term success. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC 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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