Ring Energy, Inc.

Company overview

Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrels of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc.

Sector

Energy

Industry

Oil & Gas Exploration & Production

Exchange

AMEX

Market cap

$294M

Employees

115

Headquarters

The Woodlands, TX

Website

ringenergy.com

CEO

Paul D. McKinney

Listed

April 10, 2007

P/E

-0.88

Dividend yield

0.00%