Ring Energy, Inc. (REI) Stock

Ring Energy, Inc., an active exploration and production company, focuses on acquiring, exploring, developing, and producing oil and natural gas primarily in Texas and New Mexico. As of December 31, 2021, the company held proven reserves amounting to approximately 77.8 million barrels of oil equivalent. Its extensive portfolio includes interests in key areas such as Andrews and Gaines counties in Texas, Culberson and Reeves counties in Texas, and Yoakum, Runnels, and Coke counties in Texas, as well as Lea County in New Mexico. This encompasses a total of 18,882 net developed acres and 1,406 net undeveloped acres in Texas, and 13,662 net developed acres and 11,993 net undeveloped acres across both Texas and New Mexico.

Ring Energy, Inc. markets its oil and natural gas production to various end users, marketers, and purchasers. Formerly known as Transglobal Mining Corp., the company underwent a name change to Ring Energy, Inc. in March 2008. Established in 2004 and headquartered in The Woodlands, Texas, Ring Energy, Inc. continues to expand its presence in the energy sector through strategic exploration and development initiatives aimed at maximizing resource potential and delivering value to stakeholders.