THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 million borrowing base. Key Highlights Increases second quarter 2024 sales guidance range above its high end of prior guidance for both barrels of oil per day ("Bopd") and barrels of oil equivalent per day ("Boepd"). New Oil Sales Guidance: 13,500 to 13,700 Bopd compared to prior guid ...

THE WOODLANDS, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced management team changes, including the pending departure of two senior executives. Mr. Stephen D. Brooks, Ring's Executive Vice President of Land, Legal, Human Resources and Marketing, has elected to retire from his position effective July 1, 2024. The Company has an active search underway seeking to attract a new executive team member to lead the Company's legal and human resources ...

SimonSkafar Ring ended up selling 19,034 BOEPD during Q1 2024, which was 3% above the high-end of its guidance for the quarter. Ring's oil cut ended up at 70% instead of the 69% it had expected. This resulted in 13,394 barrels per day in oil sales during the quarter, which was 5% above the high-end of its guidance. Ring noted that there was less downtime than expected during the quarter, which helped its volumes. The higher production/sales volume levels resulted in Ring's lease operating expense ending up ...

bjdlzx Ring Energy, Inc. (NYSE:REI) management has long been trying to get this company to an appropriate operating model with adequate cash flow and a marketacceptable debt ratio, as the last article (and more before it) discussed. This kind of transition can weigh on an investor's patience. However, the result should be a higher stock price valuation based upon fewer debt fears combined with an ability to return capital to shareholders that the market now demands. This time around, management reported sig ...

Latam Logistic Properties (NYSE:LPA) caught my attention, with the stock skyrocketing by 1,730% last month. A big season for meme names seems to be unfolding and there will be ample opportunities to make quick money in penny stocks. A big reason to believe that speculation is likely to rise in equities is the possibility of rate cuts. The covid-19 pandemic driven rate cut induced the meme stock euphoria of 2021. While policymakers aim to drive GDP growth through lower interest rates, speculation is inevitab ...

Exhibit 99.1 RING ENERGY ANNOUNCES FIRST QUARTER 2024 RESULTS, PROVIDES SECOND QUARTER 2024 OUTLOOK AND REITERATES FULL YEAR 2024 GUIDANCE ~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ The Woodlands, TX – May 6, 2024 – Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter ...

Ring Energy, Inc. (NYSE:REI) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman and Chief Executive Officer Travis Thomas - Executive Vice President and Chief Financial Officer Alex Dyes - Executive Vice President, Engineering and Corporate Strategy Marinos Baghdati - Executive Vice President, Operations Steve Brooks - Executive Vice President, Land, Legal, Human Resources and Marketing Conference Call Participants Neal Dingm ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 o Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number 001-36057 Ring Energy, Inc. (Exact name of registrant as specified in its charter) Nevada 90-0406406 (State or oth ...

Ring Energy, Inc. (NYSE:REI) Q4 2023 Earnings Conference Call March 8, 2024 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman & CEO Travis Thomas - EVP & CFO Marinos Baghdati - EVP, Operations Conference Call Participants Jeff Grampp - Alliance Global Partners Neal Dingmann - Truist Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Operator Good morning, and welcome to the Ring Energy Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator ...

Exhibit 99.1 RING ENERGY ANNOUNCES RECORD FOURTH QUARTER AND FULL YEAR 2023 RESULTS, YEAR-END 2023 PROVED RESERVES AND ADDITIONAL 2024 GUIDANCE The Woodlands, TX – March 7, 2024 – Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported record operational and financial results for the fourth quarter and full year 2023, year-end 2023 proved reserves and provided additional 2024 operational and financial guidance. 2023 Q4 and Full Year Highlights and Recent Key Items 1 • Grew fourth qua ...