REI Profile
Ring Energy, Inc. is a dynamic exploration and production company engaged in the acquisition, exploration, development, and production of oil and natural gas. Operating primarily in Texas and New Mexico, Ring Energy focuses on enhancing its resource base and optimizing production capabilities. As of December 31, 2021, the company reported proved reserves totaling approximately 77.8 million barrels of oil equivalent. This significant reserve base underscores Ring Energy’s strategic focus on leveraging its assets for long-term value creation.
The company's portfolio includes substantial acreage in key oil-producing regions. In Texas, Ring Energy holds interests in 18,882 net developed acres and 1,406 net undeveloped acres located in Andrews and Gaines counties, as well as 18,437 net developed acres in Culberson and Reeves counties. Additionally, the company manages 13,662 net developed acres and 11,993 net undeveloped acres across Yoakum, Runnels, and Coke counties in Texas, along with Lea County in New Mexico. This diverse acreage provides a robust foundation for exploration and production activities, supporting the company’s growth ambitions.
Ring Energy markets its oil and natural gas production to a broad range of buyers, including end users, marketers, and other purchasers. The company’s strategic approach involves maximizing production efficiency and enhancing the value of its assets through strategic development and technological advancements. Ring Energy’s operations are geared towards maintaining a competitive edge in the oil and gas sector by focusing on high-quality reserves and effective resource management.
Formerly known as Transglobal Mining Corp., Ring Energy rebranded in March 2008 to reflect its expanded focus on energy production. Incorporated in 2004 and headquartered in The Woodlands, Texas, the company has established itself as a significant player in the exploration and production sector. With a commitment to operational excellence and strategic growth, Ring Energy continues to advance its position in the energy market.
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