About Us

About Us

Ring Energy, Inc. (REI) is an oil and gas Exploration and Development Company with three core areas of operation in the Permian Basin: the Central Basin Platform, the Northwest Shelf, and Delaware Basin. The management team of REI has extensive experience in studying, drilling, and producing the San Andres formation over the past 35 years and has drilled 183 vertical wells and over 141 horizontal San Andres wells on their existing Central Basin Platform and Northwest Shelf assets as of year-end 2020. After suspending its 2020 drilling program in 2Q’2020 to conserve capital due to the demand erosion resulting from the COVID pandemic, REI reinitiated its horizontal San Andres drilling program in early December as oil prices improved and stabilized.

Our Mission

Over the past 40 years, REI’s management team has experienced multiple cycles and understands the need to keep overhead and operating costs low. Applying these principles, REI achieved positive cash flow in 4Q’2019 and has continued to maintain a free cash flow (“FCF”) position through 4Q’2020 - five consecutive quarters. This accomplishment was achieved within three years of their San Andres horizontal pilot program that began at the end of 2016. REI’s 2020 plan is to remain FCF positive, continue to reduce long term-debt quarter-over-quarter, improve operating efficiencies wherever possible, and maintain production levels with a reduced drilling program made possible by its low decline, long-lived conventional assets located in the heart of the Permian Basin.

Our Leadership

REI’s seasoned management team has experienced numerous oil cycles and understands the need to keep overhead and operating costs low.