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Ring Energy, Inc. (REI)


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Ring Energy, Inc.

901 West Wall Street
3rd Floor
Midland, TX 79702
United States
432-682-7464
http://www.ringenergy.com

SectorBasic Materials
IndustryOil & Gas Drilling & Exploration
Full Time Employees30

Key Executives

NameTitlePayExercisedAge
Mr. Kelly W. HoffmanChief Exec. Officer and Director199kN/A59
Mr. David A. FowlerPres and Director174kN/A58
Mr. William R. BroaddrickChief Financial Officer, VP, Treasurer and Corp. Sec.125kN/A39
Mr. Daniel D. WilsonExec. VP150kN/A56
Ryan R. RobertsVP of LandN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.

Corporate Governance

Ring Energy, Inc.’s ISS Governance QualityScore as of June 2, 2017 is 8. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 3; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.