Ring Energy Commences $60M Underwritten Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Ring Energy announced that it has commenced an underwritten public offering of $60M of shares of its common stock. The company intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its senior secured revolving credit facility. The company intends to use any remaining proceeds for general corporate purposes. Mizuho, BofA Securities 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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See More
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See More
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