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

Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	12 Months Ended
REVENUE RECOGNITION (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
REVENUE RECOGNITION
Oil	$ 181,533,093	$ 109,113,557	$ 191,891,314
Natural gas	14,772,873	3,911,581	3,811,517
Total operating revenues	$ 196,305,966	$ 113,025,138	$ 195,702,831

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

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+ Details