Detail akcie Ring Energy online

Business Summary: Ring Energy, Inc. (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company's exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States. The Company's primary drilling operations target the Central Basin Platform in Andrews County and Gaines County, Texas, and the Delaware Basin in Reeves County and Culberson County, Texas. As of December 31, 2016, Ring had 53,582 gross (32,663 net) acres in Andrews and Gaines counties and 20,794 gross (20,490 net) acres in Reeves and Culberson counties. The Company also had 14,647 gross (14,549 net) acres in Kansas, as of December 31, 2016. As of December 31, 2016, Ring's proved reserves were approximately 27.7 million barrel of oil equivalent (BOE).
Financial Summary: BRIEF: For the six months ended 30 June 2020, Ring Energy Inc revenues decreased 46% to $50.2M. Net loss totaled $91.2M vs. income of $15.6M. Revenues reflect Oil segment decrease of 46% to $49.1M, Crude Oil Production, Total decrease of 25% to 1.3M barrels, Oil Equivalent Production (Units/day), T decrease of 25% to 8K barrels per day. Net loss reflects Average Production Costs per unit, Total increase of 13% to $12.8 per barrel, Depreciation.