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

LEASES - Future lease payments (Details)

v3.20.2

LEASES - Future lease payments (Details) - USD ($)	6 Months Ended
LEASES - Future lease payments (Details) - USD ($)	Jun. 30, 2020	Sep. 30, 2019
LEASES
Lease, Practical Expedients, Package [true false]	true
Lease, Practical Expedient, Use of Hindsight [true false]	false
Lease term of financing leases for vehicles	36 months
Operating lease payments
2020		$ 618,389
2021		708,392
Weighted average discount rate	4.49%
Imputed interest	$ 40,995
Financing lease payments
2020		155,603
2021		311,206
2022		$ 132,499
Weighted average discount rate	5.26%
Imputed interest	$ 30,131

- Definition

Amount of imputed interest expense on finance lease liability.

+ References

No definition available.

+ Details

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Namespace Prefix:	rei_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Amount of imputed interest expense on operating lease liability.

+ References

No definition available.

+ Details

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Namespace Prefix:	rei_
Data Type:	xbrli:monetaryItemType
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- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year.

+ References

+ Details

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Namespace Prefix:	us-gaap_
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Balance Type:	credit
Period Type:	instant

- Definition

Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year.

+ References

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Weighted average discount rate for finance lease calculated at point in time.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(4)
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-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

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Balance Type:	na
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- Definition

Indicates (true false) whether practical expedient is elected to use hindsight in determining lease term and in assessing impairment of right-of-use asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 1
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Period Type:	duration

- Definition

Indicates (true false) whether practical expedients are elected for not reassessing whether any expired or existing contract is or contains lease, lease classification for expired or existing lease, and initial direct cost for any existing lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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- References

No definition available.

+ Details

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Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Term of lessee's finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918673-209980

+ Details

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Balance Type:	na
Period Type:	instant

- Definition

Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.

+ References

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Namespace Prefix:	us-gaap_
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- Definition

Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.

+ References

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- References

No definition available.

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- Definition

Weighted average discount rate for operating lease calculated at point in time.

+ References

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