Ring Energy Announces Accretive Bolt-On Acquisition
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: GlobeNewswire
~ Capturing Synergies and Expanding Central Basin Platform Operations ~ ~ Announces Timing of Q4 and FY 2024 Earnings Release and Conference Call ~ THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) for $100 million, subject to customary closing adjustments. The purchase price is comprised of $80 million of upfront cash consideration, a $10 million deferred cash payment due nine months after closing, and up to 7.4 million shares of Ring common stock. The transaction has an effective date of October 1, 2024, and is
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News
- Ring Energy Announces Fourth Quarter and Full Year 2024 Results, Year-End 2024 Proved Reserves, and 2025 GuidanceGlobeNewswire
- Ring Energy rallies after $100M bolt-on Texas acquisition [Seeking Alpha]Seeking Alpha
- Yale University Exits Cartesian Therapeutics Inc, Impacting Portfolio by -66.5% [Yahoo! Finance]Yahoo! Finance
- https://seekingalpha.com/article/4750307-ring-energy-help-from-the-matterhorn-pipeline-and-the-weather [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Issuance of 2024 Sustainability ReportGlobeNewswire
REI
Earnings
- 3/5/25 - Miss
REI
Sec Filings
- 3/11/25 - Form 4
- 3/7/25 - Form 8-K
- 3/5/25 - Form 10-K
- REI's page on the SEC website