Ring Energy, Inc. (REI) is a publicly-traded oil and gas exploration, development, and production company headquartered in The Woodlands, Texas. Incorporated in 2004, Ring Energy primarily operates in the Permian Basin, one of the most prolific oil and gas regions in the United States, which spans areas of West Texas and Southeastern New Mexico. The company's exploration and production operations focus primarily on conventional, long-lived oil and natural gas reserves in well-established fields.
Ring Energy employs a strategy of acquiring and developing lower-risk, long-lived oil and natural gas resources that have significant development, exploitation, and exploration potential. The company prides itself on applying state-of-the-art petroleum and natural gas engineering techniques, including 3D seismic technology, horizontal drilling, and hydraulic fracturing to develop and produce from their oil and gas assets efficiently and economically.
REI's key producing assets are concentrated in three core operating regions within the Permian Basin, including the Central Basin Platform / Delaware Basin, the Northwest Shelf, and the Central Basin Platform / San Andres. These areas possess rich hydrocarbon reservoirs that have been producing hydrocarbons for many decades and offer robust opportunities for further growth and expansion.
In addition to its oil and gas operations, Ring Energy also provides oilfield services that complement its exploration and production activities. These services include drilling, well servicing, plugging and abandonment of wells, and rental of drilling equipment, benefiting from a vertical integration approach to its operations.
Despite the industry's unpredictable commodity price environment and the challenges of the COVID-19 pandemic, Ring Energy has demonstrated resilience and adaptability. They have maintained a steadfast commitment to capital discipline, operational excellence, responsible environmental stewardship, and providing value to shareholders.
The company's success is driven by a seasoned management team with deep industry and operational experience, along with a dedicated workforce committed to achieving efficiency and profitability. Their visionary leadership and strategic acquisitions have positioned the company for sustained growth and success in the evolving energy landscape.
Ring Energy, Inc. trades under the ticker symbol "REI" on the New York Stock Exchange (NYSE). The company has built a strong reputation for corporate governance and transparency, maintaining rigorous financial controls, and consistently delivering strong economic and operational results - sharpening its competitive edge in the oil and gas industry. As the energy industry transitions to the future, Ring Energy continues to innovate and adapt while remaining steadfastly committed to its core mission of creating value for its shareholders.