Ring Energy

Ring to Shore Up Permian Production, Reserves, with $465M Stronghold Acquisition

Ring to Shore Up Permian Production, Reserves, with $465M Stronghold Acquisition

Ring Energy Inc. has entered a deal to acquire the Permian Basin assets of privately held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP in a transaction valued at $465 million. Comprising about 37,000 net acres, the Stronghold assets are mainly located in Crane County, TX, and target the Permian’s Central Basin…

July 6, 2022
Ring Energy Steps Up Permian Drilling in NWS as Oil Prices Rebound

Ring Energy Steps Up Permian Drilling in NWS as Oil Prices Rebound

Permian Basin pure-play Ring Energy Inc. is accelerating plans to drill up to eight wells this year on its Northwest Shelf (NWS) acreage amid a rally in oil prices, the CEO said Wednesday. “We were originally thinking that we were going to pick up a drilling rig to start our next campaign sometime in the…

March 17, 2021