Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)

v3.21.1

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Organization And Summary Of Significant Accounting Policies [Line Items]
Depreciation	$ 60,970	$ 111,191
Proceeds from derivative unwind remaining gas swaps for 2020 and 2021	581,424
Change in fair value of derivative contracts	(31,588,639)	50,420,809
Realized gain (loss) on derivatives	$ (5,920,791)	3,334,128
Percentage Of Accounts Receivables	97.00%
Amortization expense	$ 8,108,158	13,682,996
Depletion At The Rate Per Barrel	11.24	13.81
Excess Tax Benefit From Share Based Compensation	1,450,510	3,328,634
Income tax expense (benefit)	0	$ 12,449,916
Valuation allowance of net deferred tax asset	$ 54,397,696
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Sales Revenue, Net \| Customer One
Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	74.00%
Sales Revenue, Net \| Customer Two
Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	8.00%
Sales Revenue, Net \| Customer Three
Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	6.00%
Accounts Receivable \| Customer One
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage Of Accounts Receivables	82.00%
Accounts Receivable \| Customer Two
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage Of Accounts Receivables	1.00%
Accounts Receivable \| Customer Three
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage Of Accounts Receivables	5.00%

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