THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for second quarter 2024 and provided an improved outlook for the third quarter and full year. Second Quarter 2024 Highlights Produced sales of 13,623 barrels of oil per day (“Bo/d”), representing a 2% increase over the first quarter of 2024;Sold record total volumes of 19,786 barrels of oil equivalent per day (“Boe/d”) (69% oil), which was ...

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced a management team update, including the addition of a new senior executive. Mr. Phillip Feiner has joined Ring as Vice President, General Counsel. With more than 25 years of energy industry experience, including with both public and private companies, Mr. Feiner is responsible for leading Ring's legal and human resources efforts. Mr. Paul D. McKinney, Chairman of the Board and Chief ...

THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2024 earnings release and conference call. Ring plans to issue its second quarter 2024 earnings release after the close of trading on Tuesday, August 6, 2024. The Company has scheduled a conference call on Wednesday, August 7, 2024 at 11:00 a.m. central to discuss its second quarter 2024 operational and financial results. To participate, in ...

THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. Ring plans to issue its second quarter 2024 earnings release after the close of trading on Tuesday, August 6, 2024. The Company has scheduled a conference call on Wednesday, August 7, 2024 at 11:00 a.m. central to discuss its second quarter 2024 operational and financial results. To participate, interested p ...

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bjdlzx When Ring Energy, Inc. (NYSE:REI) announced that it had made the Founders acquisition, there were plenty of comments about adding debt “at a time like this” (to cleanly explain a lot of shareholder frustration with the deal). But now comes the announcement of higher-than-expected production (both total and oil) as well as an expectation of lower costs to be reported in future earnings. The last article was focused on cash flow progress. But that progress is difficult to see when commodity prices ...

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 Energy, Inc. (NYSE:REI) reported Q1 2024 sales volumes that were above expectations, although it did not change its full-year guidance range. Due to its relatively strong Q1 results, I am now assuming that Ring's oil sales volumes will end up around 1.5% above the midpoint of its full-year guidance, though. Despite the increased oil volumes, Ring's projected free cash flow for 2024 is expected to be a bit lower than when I last looked at it. This is mostly due to 2024 oil strip prices going ...

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 ...