Ring Energy, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	3 Months Ended
REVENUE RECOGNITION (Details) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Oil	$ 76,505,050	$ 92,294,585
Natural gas	(302,727)	(818,235)
Natural gas liquids	2,888,884	3,026,786
Total oil, natural gas, and natural gas liquids revenues	$ 79,091,207	$ 94,503,136

- Definition

Amount, excluding 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