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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

Report Date Amount (MM) Description
2022-09-01 $465.00

Ring Energy to Acquire Stronghold for up to $465 Million

Ring Energy to Acquire Stronghold for up to $465 Million

Report Date Amount (MM) Description
2022-09-01 $465.00

Ring Energy to Acquire Stronghold for up to $465 Million

Ring Energy to Acquire Stronghold for up to $465 Million

Report Date Amount (MM) Description
2020-04-14 $31.50

Ring Energy to Sell Delaware Basin Acreage for $31.5 Million

Ring Energy to Sell Delaware Basin Acreage for $31.5 Million

Report Date Amount (MM) Description
2019-04-11 $300.00

Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition

Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition

Report Date Amount (MM) Description
2019-04-11 $300.00

Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition

Ring Energy Grows Permian Basin Position With $300 Million Wishbone Acquisition

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2021-12-09 Ring Energy Inc. Debt $350.00

Announced borrowing base under its senior revolving credit facility was recently successfully reaffirmed…

Report Date Type Amount (MM) Description
2019-12-02 Ring Energy Inc. Debt $1,000.00

Ring Energy Inc. completed the scheduled fall 2019 redetermination evaluation of its $1 billion…

Report Date Type Amount (MM) Description
2018-06-20 Ring Energy Inc. Debt $175.00

Announced that the borrowing base on the company's $500 million senior secured credit facility has…

Report Date Type Amount (MM) Description
2018-02-23 Ring Energy Inc. Equity $82.00

Priced an underwritten public offering of 5.36 million shares of its common stock to the public at $14…

Report Date Type Amount (MM) Description
2017-08-08 Ring Energy Inc. Equity $59.00

Completed public offering of about 4.97 million common shares priced at $12.50 each. Net proceeds will…

Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Exclusive: Ring Focused on Drilling Tech to Boost Central Basin Economics

Ring Energy CEO Paul McKinney delves into the company’s ongoing efforts to grow its Central Basin Platform portfolio through acquisitions and betting on drilling and completions technology, in this Hart Energy Exclusive interview.

'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest

As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.

Two Ring Management Leaders Exit, Replacement Search Underway

Ring Energy is updating its management team following the departure of two senior executives.

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. 

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.