Ring Energy, Inc. Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY- Common stock issued in option exercise (Details)

STOCKHOLDERS' EQUITY- Common stock issued in option exercise (Details) - USD ($)		12 Months Ended
	Feb. 25, 2019	Dec. 31, 2019	Dec. 31, 2018
Options exercised		193,000
Exercise price		$ 2.96
Shares issued	153,113	153,113
Shares retained		39,887
Cash paid at exercise		$ 100,000	$ 100,000
Stock price on date of exercise		$ 10.58
Aggregate value of shares retained		$ 470,750
Exercised Option 1
Options exercised			110,000
Exercise price			$ 2.00
Shares issued			90,375
Shares retained			19,625
Cash paid at exercise			$ 0
Stock price on date of exercise			$ 11.21
Aggregate value of shares retained			$ 220,000
Exercised Option 2
Options exercised			50,000
Exercise price			$ 2.00
Shares issued			50,000
Cash paid at exercise			$ 100,000
Stock price on date of exercise			$ 8.00
Exercised Option 3
Options exercised			25,000
Exercise price			$ 7.50
Shares issued			9,829
Shares retained			15,171
Cash paid at exercise			$ 0
Stock price on date of exercise			$ 12.36
Aggregate value of shares retained			$ 187,500
Exercised Option 4
Options exercised			3,000
Exercise price			$ 8.00
Shares issued			1,059
Shares retained			1,941
Cash paid at exercise			$ 0
Stock price on date of exercise			$ 12.36
Aggregate value of shares retained			$ 24,000
Exercised Option 5
Options exercised			3,000
Exercise price			$ 5.25
Shares issued			1,750
Shares retained			1,250
Cash paid at exercise			$ 0
Stock price on date of exercise			$ 12.36
Aggregate value of shares retained			$ 15,750
Exercised Option 6
Options exercised			2,000
Exercise price			$ 11.75
Shares issued			100
Shares retained			1,900
Cash paid at exercise			$ 0
Stock price on date of exercise			$ 12.36
Aggregate value of shares retained			$ 23,500