Ring Energy, Inc. REI

What this company does

Ring Energy, Inc. is an independent oil and natural gas exploration and production company based in The Woodlands, Texas, engaged in oil and natural gas development, production, acquisition and exploration activities focused in the Permian Basin of Texas. Its drilling operations target oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform of the Permian Basin in Texas. As of December 31, 2025, its leasehold acreage positions totaled 111,714 gross (96,234 net) acres, and it held interests in 919 gross (758 net) producing wells. Proved reserves as of December 31, 2025 were approximately 153.3 million Boe, of which it is the operator of approximately 99%. Its proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas and 22% consisting of NGLs. For the year ended December 31, 2025, sales to three customers represented 89% of its oil, natural gas and NGL revenues. As of December 31, 2025, it had 111 full-time employees.

Written from the business description in RING ENERGY, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.