Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS & DIVESTITURES - Stronghold Acquisition - Preliminary Allocation of the Total Cost (Details)

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ACQUISITIONS & DIVESTITURES - Stronghold Acquisition - Preliminary Allocation of the Total Cost (Details) - USD ($)
 12 Months Ended
Aug. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Fair value of assets acquired:          
Oil and natural gas properties   $ 1,663,548,249 $ 1,463,838,595    
Fair value of liabilities assumed:          
Asset retirement obligations   28,248,084 30,226,306 $ 15,292,054 $ 17,117,135
Stronghold Acquisition          
Consideration:          
Shares of Common Stock issued (in shares) 21,339,986        
Ring Common Stock Price (in dollars per share) $ 3.24        
Common Stock Consideration $ 69,141,555        
Shares of Preferred Stock issued (in shares) 153,176        
Aggregate Liquidation Preference $ 153,176,000        
Conversion Price (in dollars per share) $ 3.60        
As-Converted Shares of Ring Common Stock (in shares) 42,548,892        
Preferred Stock Consideration $ 137,858,446        
Cash consideration:          
Closing amount paid to Stronghold 121,392,455 0 121,392,455 0  
Escrow deposit paid 46,500,000        
Cash paid for inventory and fixed assets 4,527,103        
Cash paid for realized losses on August oil derivatives 1,777,925        
Cash received for post-close adjustments, net (5,535,839) $ 0 $ (5,535,839) $ 0  
Total cash consideration 168,661,644        
Fair value of deferred payment liability 14,807,276        
Post-close settlement to be paid to Stronghold 3,511,170        
Fair value of consideration paid to seller 393,980,091        
Direct transaction costs 9,162,143        
Total consideration 403,142,234        
Fair value of assets acquired:          
Oil and natural gas properties 439,589,683        
Inventory and fixed assets 4,527,103        
Amount attributable to assets acquired 444,116,786        
Fair value of liabilities assumed:          
Suspense liability 1,651,596        
Derivative liabilities, marked to market 24,784,406        
Asset retirement obligations 14,538,550        
Amount attributable to liabilities assumed 40,974,552        
Net assets acquired $ 403,142,234