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Ring Energy Inc (REI) Common Stock USD0.001

Sell:$1.54 Buy:$1.56 Change: $0.19 (10.92%)
Market closed |  Prices as at close on 8 November 2024 | Switch to live prices |
Sell:$1.54
Buy:$1.56
Change: $0.19 (10.92%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 8 November 2024 | Switch to live prices |
Sell:$1.54
Buy:$1.56
Change: $0.19 (10.92%)
Market closed |  Prices as at close on 8 November 2024 | Switch to live prices |
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

Contact details

Address:
1725 Hughes Landing Blvd., Suite 900
THE WOODLANDS
77380
United States
Telephone:
+1 (281) 3973699
Website:
https://ringenergy.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
REI
ISIN:
US76680V1089
Market cap:
$319.06 million
Shares in issue:
198.17 million
Sector:
Oil & Gas Exploration & Production
Exchange:
-
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel

  • Paul Mckinney
    Chairman of the Board, Chief Executive Officer
  • Travis Thomas
    Chief Financial Officer, Executive Vice President, Treasurer, Corporate Secretary
  • Alexander Dyes
    Executive Vice President - Engineering and Corporate Strategy

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Options

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.