Ring Energy(REI)

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Ring Energy(REI) - 2021 Q3 - Earnings Call Transcript
2021-11-10 20:50
Ring Energy, Inc. (NYSE:REI) Q3 2021 Earnings Conference Call November 10, 2021 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman & Chief Executive Officer Travis Thomas - Chief Financial Officer Alex Dyes - Executive Vice President-Engineering & Corporate Strategy Marinos Baghdati - Executive Vice President-Operations Conference Call Participants Jeffrey Campbell - Alliance Global Partners Neal Dingmann - Truist Securities Noel Parks - Tuohy Brothers John White - Roth ...
Ring Energy(REI) - 2021 Q3 - Earnings Call Presentation
2021-11-10 20:30
Financial Performance (Q3 2021) - Ring Energy reported a net income of $142 million[11] - The company's Adjusted EBITDA was $1971 million[12] - Free Cash Flow (FCF) reached $261 million[14] - Debt was reduced by $55 million utilizing a portion of Free Cash Flow[13, 15] Operational Highlights (Q3 2021) - Net sales averaged 8243 Boe/d, with 87% being oil[17] - Lifting cost per Boe was $1060[18] - The company completed and placed on production 4 Phase III wells (2 NWS & 2 CBP) within budget[15] - 10 CTRs (7 NWS & 3 CBP) were performed, reducing future overall operating costs[16] Reserves and Assets - 2020 SEC Proved Reserves were 765 MMBoe with a PV10 of $638 million, 87% oil[7] - Northwest Shelf asset had 2020 average sales of 5399 Boe/d (85% Oil)[27] - Central Basin Platform asset had 2020 average sales of 2742 Boe/d (96% Oil)[34] Q4 2021 Guidance - Total sales volumes are expected to be between 8800 and 9200 Boe/d[75] - Oil sales volumes are expected to be between 7500 and 7900 Bo/d[76] - Lifting cost is projected to be between $1050 and $1150 per Boe[79] - Capital spending is estimated to be between $11 million and $15 million[86]
Ring Energy(REI) - 2021 Q3 - Quarterly Report
2021-11-09 21:36
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36057 RING ENERGY, INC. (Exact Name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 90- ...
Ring Energy (REI) Presents At
2021-08-23 18:59
The OIL & GAS CONFERENCE. AUGUST 15 - 18, 2021 DOWNTOWN 20 THE WESTIN DENVER CARING E N E R G FRESH PERSPECTIVE PROVEN STRATEGY August 18, 2021 NYSE American: REI www.ringenergy.com Forward-Looking Statements and Cautionary Note Regarding Hydrocarbon Disclosures Forward –Looking Statements This Presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amend ...
Ring Energy(REI) - 2021 Q2 - Earnings Call Transcript
2021-08-10 20:05
Ring Energy, Inc. (NYSE:REI) Q2 2021 Earnings Conference Call August 11, 2021 10:00 AM ET Company Participants Al Petrie - Senior Partner, Al Petrie Advisors Paul McKinney - Chairman and Chief Executive Officer Travis Thomas - Chief Financial Officer Alex Dyes - Executive Vice President of Engineering and Corporate Strategy Marinos Baghdati - Executive Vice President of Operations Conference Call Participants Jeffrey Campbell - Alliance Global Partners Neal Dingmann - Truist Noel Parks - Tuohy Brothers Oper ...
Ring Energy(REI) - 2021 Q2 - Earnings Call Presentation
2021-08-10 16:23
FRESH PERSPECTIVE PROVEN STRATEGY www.ringenergy.com NYSE American: REI Forward-Looking Statements and Cautionary Note Regarding Hydrocarbon Disclosures Forward –Looking Statements This Presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All statements, other than statements of strictly historical facts included in this Presentation constitut ...
Ring Energy(REI) - 2021 Q2 - Quarterly Report
2021-08-09 20:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36057 RING ENERGY, INC. (Exact Name of registrant as specified in its charter) (State or other jurisdiction of incorporation or Nevada 90-0406406 (IRS Employ ...
Ring Energy(REI) - 2021 Q1 - Earnings Call Transcript
2021-05-11 21:29
Ring Energy, Inc. (NYSE:REI) Q1 2021 Earnings Conference Call May 11, 2021 11:00 AM ET Company Participants David Fowler - IR Paul McKinney - Chairman & CEO Travis Thomas - CFO Marinos Baghdati - EVP of Operations Alex Dyes - EVP of Engineering and Corporate Strategy Conference Call Participants Jeffrey Campbell - Alliance Global Partners Neal Dingmann - Truist Securities Noel Parks - Touhy Brothers Operator Good day, and welcome to the Ring Energy First Quarter 2021 Earnings Conference Call. All participan ...
Ring Energy(REI) - 2021 Q1 - Quarterly Report
2021-05-10 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36057 RING ENERGY, INC. (Exact Name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 90-0406 ...
Ring Energy(REI) - 2020 Q4 - Earnings Call Transcript
2021-03-17 18:22
Ring Energy, Inc. (NYSE:REI) Q4 2020 Results Conference Call March 17, 2021 11:00 AM ET Company Participants David Fowler - Investor Relations Paul McKinney - Chairman & Chief Executive Officer Randy Broaddrick - Chief Financial Officer Alex Dyes - Executive Vice President of Engineering and Corporate strategy Marinos Baghdati - Executive Vice President of Operations Conference Call Participants Jeffrey Campbell - Alliance Global Partners Dun McIntosh - Johnson Rice Noel Parks - Touhy Brothers Richard Tul ...