THE WOODLANDS, Texas, June 10, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base under its senior revolving credit facility (the “Credit Facility”) was successfully reaffirmed at its current level of $350 million. Key Highlights Reaffirmation of the borrowing base at $350 million;Easing of the minimum required oil hedges for calendar 2022 from 4,000 barrels per day (“Bbls/d”) to 3,100 Bbls/d, which is fully covered b
THE WOODLANDS, Texas, June 07, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update on its derivate positions for 2021 and 2022 as it opportunistically responds to an improved crude oil price environment. Key Changes to Hedge Book Bought back a 1,500 barrels of oil per day (“Bbl/d”) call option for June 1 through December 31, 2021, and entered into an approximate 879 Bbls/d calendar 2022 swap contract for no net cost;Anticipate more t
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