0001104659-19-070878.txt : 20191209 0001104659-19-070878.hdr.sgml : 20191209 20191209125558 ACCESSION NUMBER: 0001104659-19-070878 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20191127 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191209 DATE AS OF CHANGE: 20191209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RING ENERGY, INC. CENTRAL INDEX KEY: 0001384195 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 980495938 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36057 FILM NUMBER: 191274801 BUSINESS ADDRESS: STREET 1: 6555 SOUTH LEWIS STREET CITY: TULSA STATE: OK ZIP: 74136 BUSINESS PHONE: 918-499-3880 MAIL ADDRESS: STREET 1: 6555 SOUTH LEWIS STREET CITY: TULSA STATE: OK ZIP: 74136 FORMER COMPANY: FORMER CONFORMED NAME: Transglobal Mining Corp. DATE OF NAME CHANGE: 20070425 FORMER COMPANY: FORMER CONFORMED NAME: Blanca Corp. DATE OF NAME CHANGE: 20061220 8-K 1 tm1924674d1_8k.htm FORM 8-K
0001384195 false 0001384195 2019-11-26 2019-11-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):  November 27, 2019

 

Ring Energy, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-36057   90-0406406
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

 

901 West Wall St. 3rd Floor

Midland, TX

   79701

(Address of principal executive offices) (Zip Code)

 

(432) 682-7464

(Registrant’s telephone number, including area code)

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   REI   NYSE American

 

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On November 27, 2019, Ring Energy, Inc. (the “Company”), as borrower, entered into an amendment (the “Amendment”) to its credit agreement dated April 9, 2019 (“Credit Facility”) with SunTrust Bank, as lender, issuing bank and administrative agent for several banks and other financial institutions and lenders thereto. The Amendment, among other things, reaffirmed the Company’s borrowing base under the Credit Facility at $425,000,000 until the next scheduled redetermination or adjustment thereof.

 

A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. The description of the Amendment in this Current Report on Form 8-K is a summary and is qualified in its entirety by reference to the complete text of the Amendment.

 

Item 2.02 Results of Operations and Financial Condition

 

On December 2, 2019, the Company issued a press release announcing the Amendment and disclosing certain new hedge positions entered into by the Company in connection with the Amendment. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 2.03 Creation of a Direct Financial Obligation

 

Please see the disclosure under Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated into this Item 2.03.

 

Item 7.01 Regulation FD Disclosure

 

The information set forth under Item 2.02 of this Current Report on Form 8-K is hereby incorporated in Item 7.01 by reference.

 

The information in Item 2.02 and Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1 and Exhibit 99.2, is being furnished pursuant to Item 2.02 and Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits.

 

Exhibit

No.

 

Title of Document

   
10.1 First Amendment to Amended and Restated Credit Agreement, dated November 27, 2019, by and among Ring Energy, Inc., the lenders party thereto, and Sun Trust Bank, as administrative agent for the lenders and as issuing bank.
   
99.1 Press Release dated December 2, 2019.

  

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Ring Energy, Inc.  
       
       
Date: December 9, 2019 By: /s/ William R. Broaddrick  
    William R. Broaddrick  
    Chief Financial Officer  

 

 

 

 EX-10.1 2 tm1924674d1_ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

 

Execution Version

 

FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter called this “Amendment”) is dated as of November 27, 2019, by and among RING ENERGY INC., a Nevada corporation (the “Borrower”), each of the Lenders which is signatory hereto, and SUNTRUST BANK, as Administrative Agent for the Lenders (in such capacity, together with its successors in such capacity “Administrative Agent”) and as Issuing Bank under the Credit Agreement referred to below.

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, Administrative Agent and the Lenders are parties to that certain Amended and Restated Credit Agreement dated as of April 9, 2019 (as amended by this Amendment and as further amended, modified or restated from time to time, the “Credit Agreement”), whereby upon the terms and conditions therein stated the Lenders have agreed to make certain loans to the Borrower upon the terms and conditions set forth therein;

 

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth below; and

 

WHEREAS, subject to the terms and conditions hereof, the Lenders are willing to agree to the amendments to the Credit Agreement as set forth herein.

 

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties to this Amendment hereby agree as follows:

 

SECTION 1.        Definitions. Unless otherwise defined in this Amendment, each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement. The interpretive provisions set forth in Sections 1.2, 1.3 and 1.4 of the Credit Agreement shall apply to this Amendment.

 

SECTION 2.        Amendments to Credit Agreement. Effective on the Amendment Effective Date, the Credit Agreement is hereby amended as follows:

 

(a)                Section 1.1 of the Credit Agreement is amended by adding the following new definition in proper alphabetical order:

 

“Fall 2019 Scheduled Redetermination Reserve Report” means the Reserve Report delivered by the Borrower to the Administrative Agent pursuant to clauses (a) and (c) of Section 5.13 for the November 1, 2019 Scheduled Redetermination.

 

(b)                The definition of “Required Hedges” in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

 

“Required Hedges” means Swap Agreements entered into by the Borrower at prices reasonably acceptable to the Administrative Agent in respect of crude oil and natural gas, on not less than 50% (or such immaterially lower percentage as the Administrative Agent may agree in its sole discretion) of the projected production from the Loan Parties proved, developed, producing Oil and Gas Properties as reflected in the Fall 2019 Scheduled Redetermination Reserve Report, through December 31, 2021.

 

 

 

 

(c)                Section 5.20 of the Credit Agreement is amended and restated in its entirety as follows:

 

“Section 5.20. Minimum Hedging. The Borrower will, (a) within thirty (30) days (or such later date as the Administrative Agent may agree in its sole discretion) after November 27, 2019, enter into the Required Hedges for the time period through December 31, 2020 and provide reasonably satisfactory evidence thereof to the Administrative Agent and (b) within sixty (60) days (or such later date as the Administrative Agent may agree in its sole discretion) after November 27, 2019, enter into the Required Hedges for the time period from January 1, 2021 through December 31, 2021 and provide reasonably satisfactory evidence thereof to the Administrative Agent.”

 

SECTION 3.        Borrowing Base(a). Effective on the Amendment Effective Date, the Borrowing Base is reaffirmed at $425,000,000 until the next redetermination or adjustment thereof pursuant to the Credit Agreement. The Borrowing Base redetermination provided for by this Amendment is the Scheduled Redetermination for November 1, 2019. This Amendment shall serve as a New Borrowing Base Notice under the Credit Agreement.

 

SECTION 4.        Conditions of Effectiveness(a).

 

(a)                This Amendment shall become effective as of the date (the “Amendment Effective Date”) that each of the following conditions precedent shall have been satisfied:

 

(1)                The Administrative Agent shall have received (which may be by electronic transmission), in form and substance satisfactory to the Administrative Agent, a counterpart of this Amendment which shall have been executed by the Administrative Agent, the Issuing Bank, the Lenders and the Borrower (which may be by PDF transmission);

 

(2)                Each of the representations and warranties set forth in Section 5 of this Amendment shall be true and correct as of the Amendment Effective Date;

 

(3)                Since December 31, 2018, there has been no event or condition that has occurred and is continuing that has or could reasonably be expected to have a Material Adverse Effect; and

 

(4)                Borrower shall have paid all fees and expenses due to the Lenders and the Administrative Agent (including, but not limited to, reasonable attorneys’ fees of counsel to the Administrative Agent).

 

(b)                Without limiting the generality of the provisions of Sections 3.1 and 3.2 of the Credit Agreement, for purposes of determining compliance with the conditions specified in Section 4(a), each Lender that has signed this Amendment (and its permitted successors and assigns) shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed Amendment Effective Date specifying its objection thereto.

 

(c)                The Administrative Agent shall notify the Borrower and the Lenders of the Amendment Effective Date.

 

 

 

 

SECTION 5.        Representations and Warranties. The Borrower represents and warrants to Administrative Agent and the Lenders, with full knowledge that such Persons are relying on the following representations and warranties in executing this Amendment, as follows:

 

(a)                It has the organizational power and authority to execute, deliver and perform this Amendment, and all organizational action on the part of it requisite for the due execution, delivery and performance of this Amendment has been duly and effectively taken.

 

(b)                The Credit Agreement, as amended by this Amendment, the Loan Documents and each and every other document executed and delivered to the Administrative Agent and the Lenders in connection with this Amendment to which it is a party constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

 

(c)                This Amendment does not and will not conflict with any provisions of any of the articles or certificate of incorporation, bylaws, and other organizational and governing documents of the Borrower.

 

(d)                No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, the Borrower of this Amendment.

 

(e)                At the time of and immediately after giving effect to this Amendment, the representations and warranties of the Borrower contained in Article IV of the Credit Agreement or in any other Loan Document are true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects), except that any representation and warranty which by its terms is made as of a specified date shall be required to be so true and correct in all material respects only as of such specified date.

 

(f)                 At the time of and immediately after giving effect to this Amendment, no Default, Event of Default or Borrowing Base Deficiency exists.

 

(g)                Since December 31, 2018, there has been no event or circumstance which has had or could reasonably be expected to have a Material Adverse Effect.

 

(h)                As of the Amendment Effective Date, notwithstanding any provision in any Collateral Document to the contrary, no Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation) included in the definition of “Mortgaged Property” or “collateral” or similar definition in any Collateral Document and no Building or Manufactured (Mobile) Home is encumbered by any Collateral Document. As used in this paragraph, “Building” means any Building or Manufactured (Mobile) Home, in each case as defined in the applicable Flood Insurance Regulations); and “Flood Insurance Regulations” means (I) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (II) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (III) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (IV) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

 

 

 

 

SECTION 6.        Miscellaneous.

 

(a)                Reference to the Credit Agreement. Upon the effectiveness hereof, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean and be a reference to the Credit Agreement as amended hereby.

 

(b)                Effect on the Credit Agreement; Ratification. Except as specifically amended by this Amendment, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed. By its acceptance hereof, the Borrower hereby ratifies and confirms each Loan Document to which it is a party in all respects, after giving effect to the amendments set forth herein.

 

(c)                Extent of Amendments. Except as otherwise expressly provided herein, the Credit Agreement and the other Loan Documents are not amended, modified or affected by this Amendment. The Borrower hereby ratifies and confirms that (i) except as expressly amended hereby, all of the terms, conditions, covenants, representations, warranties and all other provisions of the Credit Agreement remain in full force and effect, (ii) each of the other Loan Documents are and remain in full force and effect in accordance with their respective terms, and (iii) the Collateral and the Liens on the Collateral securing the Obligations are unimpaired by this Amendment and remain in full force and effect.

 

(d)                Loan Documents. The Loan Documents, as such may be amended in accordance herewith, are and remain legal, valid and binding obligations of the parties thereto, enforceable in accordance with their respective terms. This Amendment is a Loan Document.

 

(e)                Claims. As additional consideration to the execution, delivery, and performance of this Amendment by the parties hereto and to induce Administrative Agent and Lenders to enter into this Amendment, the Borrower represents and warrants that, as of the date hereof, it does not know of any defenses, counterclaims or rights of setoff to the payment of any Obligations of the Borrower to Administrative Agent, Issuing Bank or any Lender.

 

(f)                 Execution and Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. Delivery of an executed counterpart of this Amendment by facsimile or pdf shall be equally as effective as delivery of a manually executed counterpart.

 

(g)                Governing Law. This Amendment and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Amendment and the transactions contemplated hereby and thereby shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of Texas.

 

(h)                Headings. Section headings in this Amendment are included herein for convenience and reference only and shall not constitute a part of this Amendment for any other purpose.

 

SECTION 7.        NO ORAL AGREEMENTS. THE RIGHTS AND OBLIGATIONS OF EACH OF THE PARTIES TO THE LOAN DOCUMENTS SHALL BE DETERMINED SOLELY FROM WRITTEN AGREEMENTS, DOCUMENTS, AND INSTRUMENTS, AND ANY PRIOR ORAL AGREEMENTS BETWEEN SUCH PARTIES ARE SUPERSEDED BY AND MERGED INTO SUCH WRITINGS. THIS AMENDMENT AND THE OTHER WRITTEN LOAN DOCUMENTS EXECUTED BY THE BORROWER, ADMINISTRATIVE AGENT, ISSUING BANK AND/OR LENDERS REPRESENT THE FINAL AGREEMENT BETWEEN SUCH PARTIES, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BY SUCH PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN SUCH PARTIES.

 

SECTION 8.        No Waiver. The Borrower hereby agrees that no Event of Default and no Default has been waived or remedied by the execution of this Amendment by the Administrative Agent or any Lender. Nothing contained in this Amendment nor any past indulgence by the Administrative Agent, Issuing Bank or any Lender, nor any other action or inaction on behalf of the Administrative Agent, Issuing Bank or any Lender, (i) shall constitute or be deemed to constitute a waiver of any Defaults or Events of Default which may exist under the Credit Agreement or the other Loan Documents, or (ii) shall constitute or be deemed to constitute an election of remedies by the Administrative Agent, Issuing Bank or any Lender, or a waiver of any of the rights or remedies of the Administrative Agent, Issuing Bank or any Lender provided in the Credit Agreement, the other Loan Documents, or otherwise afforded at law or in equity.

 

Signatures Pages Follow

 

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

 

  RING ENERGY INC.,
  as Borrower
     
     
  By: /s/ William R. Broaddrick
    William R. Broaddrick
    Vice President and Chief Financial Officer

 

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  SUNTRUST BANK,
  as Administrative Agent, as Issuing Bank and as a Lender
     
  By: /s/ Ben Brown
    Name:  Ben Brown
    Title: Director

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

  BBVA USA (F/K/A Compass Bank),
  as a Lender
     
  By: /s/ Julia Barnhill
    Name:  Julia Barnhill
    Title:  Vice President

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  IBERIABANK,
  as a Lender
     
  By: /s/ Stacey Goldstein
    Name: Stacey Goldstein
    Title: Senior Vice President

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  BMO HARRIS BANK, N.A.,
  as a Lender
     
  By: /s/ James V. Ducote
    Name: James V. Ducote
    Title: Managing Director

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  Canadian Imperial Bank of Commerce,
New York Branch,
  as a Lender
     
  By: /s/ Donovan C. Broussard
    Name: Donovan C. Broussard
    Title: Authorized Signatory
     
     
  By: /s/ Scott W. Danvers
    Name: Scott W. Danvers
    Title: Authorized Signatory

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  KeyBank National Association,
  as a Lender
     
  By: /s/ David M. Bornstein
    Name: David M. Bornstein
    Title: Senior Vice President

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  Zions Bancorporation, N.A. dba Amegy Bank,
  as a Lender
     
  By: /s/ John Moffitt
    Name: John Moffitt
    Title: Vice President

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  U.S. Bank National Association,
  as a Lender
     
  By: /s/ Bruce E. Hernandez
    Name: Bruce E. Hernandez
    Title: Senior Vice President

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

 

  Cadence Bank,
  as a Lender
     
  By: /s/ Eric Broussard
    Name: Eric Broussard
    Title: Executive Vice President

 

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 

 

 

  CrossFirst Bank,
  as a Lender
     
  By: /s/ Chris Cardoni
    Name: Chris Cardoni
    Title: Energy Bank President

 

 

 

Signature Page to First Amendment to Amended and Restated Credit Agreement

Ring Energy, Inc.

 

 EX-99.1 3 tm1924674d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

  

FOR IMMEDIATE RELEASE  
December 2, 2019           

NYSE American: REI

 

RING ENERGY, INC., ANNOUNCES COMPLETION OF FALL 2019 REDETERMINATION OF ITS SENIOR CREDIT FACILITY

 

Company Enters into Additional Hedges for 2020

 

Midland, TX. December 2, 2019 – Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today it completed the scheduled fall 2019 redetermination evaluation of its $1 billion senior credit facility. The Company entered into an amendment to the senior credit facility as part of the scheduled fall redetermination. The amendment reaffirmed the immediate borrowing base at $425 million and required the Company, as it has been required in the past, to enter into additional hedges for 2020 and 2021. The next redetermination evaluation is scheduled for May 2020.

 

The Company announced it had entered into additional hedges for 2020 in the form of collars of WTI Crude Oil prices, with an offsetting put option (“floor”) and call option (“ceiling”). The new hedges are for a total of 3,500 barrels of oil per day (“BOPD”), bringing the total amount of oil hedged for 2020 to 5,500 BOPD. The following table provides the details of the new hedges that have been put in place:

 

BOPD Put Price Call Price
1,000 $50.00 $58.40
1,000 $50.00 $58.25
1,500 $50.00 $58.65

  

With the additional hedges in place, the 5,500 BOPD hedged by the Company for 2020 have a floor of $50.00 and an average ceiling of $61.06. Management stated they have satisfied the amendment requirements for 2020 and are actively watching the pricing for 2021 hedges and anticipate entering into hedges for 2021 in the near future.

 

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.

www.ringenergy.com

 

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2018, its Form 10Q for the quarter ended September 30, 2019 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.

 

For further information contact:

Bill Parsons

K M Financial, Inc.

(702) 489-4447

 

 

 EX-101.SCH 4 rei-20191127.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 5 rei-20191127_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] EX-101.PRE 6 rei-20191127_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 R1.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Cover
Nov. 27, 2019
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 27, 2019
Entity File Number 001-36057
Entity Registrant Name Ring Energy, Inc.
Entity Central Index Key 0001384195
Entity Tax Identification Number 90-0406406
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 901 West Wall St. 3rd Floor
Entity Address, City or Town Midland
Entity Address, State or Province TX
Entity Address, Postal Zip Code 79701
City Area Code 432
Local Phone Number 682-7464
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.001 par value
Trading Symbol REI
Security Exchange Name NYSEAMER
Entity Emerging Growth Company false
XML 8 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 9 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3.a.u2 html 1 97 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://ringenery.com/role/Cover Cover Cover 1 false false All Reports Book All Reports tm1924674d1_8k.htm rei-20191127.xsd rei-20191127_lab.xml rei-20191127_pre.xml tm1924674d1_ex10-1.htm tm1924674d1_ex99-1.htm http://xbrl.sec.gov/dei/2019-01-31 true false XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } JSON 11 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "tm1924674d1_8k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "definitionLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "tm1924674d1_8k.htm" ] }, "labelLink": { "local": [ "rei-20191127_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "rei-20191127_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "rei-20191127.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 59, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 97, "memberCustom": 0, "memberStandard": 0, "nsprefix": "rei", "nsuri": "http://ringenery.com/20191127", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "tm1924674d1_8k.htm", "contextRef": "From2019-11-26to2019-11-27", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00000001 - Document - Cover", "role": "http://ringenery.com/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "b", "p", "body", "html" ], "baseRef": "tm1924674d1_8k.htm", "contextRef": "From2019-11-26to2019-11-27", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r10" ], "lang": { "en-US": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r13" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The start date of the period covered in the document, in CCYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r9" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r14" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r10" ], "lang": { "en-US": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r10" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r12" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r18" ], "lang": { "en-US": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Elected Not To Use the Extended Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r16" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r10" ], "lang": { "en-US": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r7" ], "lang": { "en-US": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r8" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r17" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://ringenery.com/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 3 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23" }, "r10": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f" }, "r11": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f" }, "r12": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1-" }, "r13": { "Name": "Forms 10-K, 20-F, 40-F", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d-1" }, "r14": { "Name": "Forms 20-F, 40-F", "Number": "249", "Publisher": "SEC", "Section": "220 and 240", "Subsection": "f" }, "r15": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r16": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r17": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r18": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r6": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r7": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d" }, "r8": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r9": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-13" } }, "version": "2.1" } XML 13 tm1924674d1_8k_htm.xml IDEA: XBRL DOCUMENT 0001384195 2019-11-26 2019-11-27 iso4217:USD shares iso4217:USD shares 0001384195 false 8-K 2019-11-27 Ring Energy, Inc. NV 001-36057 90-0406406 901 West Wall St. 3rd Floor Midland TX 79701 432 682-7464 false false false false false Common Stock, $0.001 par value REI NYSEAMER ZIP 14 0001104659-19-070878-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001104659-19-070878-xbrl.zip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end EXCEL 15 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end