Mizuho, BofA and Raymond James Jointly Manage Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Mizuho, BofA and Raymond James are acting as joint book running managers for the offering.
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About REI
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 (CBP), in the Permian Basin in Texas. Its 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 111,714 gross (96,234 net) acres and it held interests in 919 gross (758 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas, and 22% consisting of natural gas liquids. Of those reserves, approximately 68% of the reserves are classified as proved developed and 32% are classified as proved undeveloped.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Use of Proceeds: The net proceeds from this offering are primarily intended to repay outstanding borrowings under its senior secured revolving credit facility, with any remaining funds allocated for general corporate purposes, indicating a prudent approach to financial management by the company.
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- Compliance and Transparency: The offering is being conducted under an effective shelf registration statement, ensuring compliance and transparency, which enhances investor trust in corporate governance and may attract more investors to participate.
See More
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