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Ring Energy Announces Reaffirmation of Borrowing Base Under Its Credit Facility
Globenewswireยท 2025-12-16 11:45
Core Insights - Ring Energy, Inc. reaffirmed its borrowing base at $585 million under its $1.0 billion senior revolving credit facility, indicating strong support from its banking syndicate [1][5] - The company aims to strengthen its balance sheet, manage costs, and maintain production levels as it prepares for 2026, focusing on a value-driven strategy to navigate price cycles and enhance shareholder value [2] Company Overview - Ring Energy, Inc. is engaged in oil and gas exploration, development, and production, with a primary focus on its assets in the Permian Basin [3]