Ring Energy, Inc. reaffirmed its borrowing base at $585 million under its $1.0 billion senior revolving credit facility.
No changes were made to the terms under the Credit Facility, with the next bank redetermination scheduled for spring 2026.
Chairman of the Board and CEO, Paul D. McKinney, expressed gratitude for the reaffirmation and highlighted the company's focus on balance sheet strength and cost management.
Reaffirmed Borrowing Base
Borrowing base reaffirmed at $585 million under the $1 billion Credit Facility.
Upcoming Bank Redetermination
Next regularly scheduled bank redetermination set for spring 2026.
Focus on Value Strategy
Company's primary focus on strengthening balance sheet, managing costs, and maintaining production levels to create value for stockholders.
- The reaffirmation of the borrowing base provides financial stability and confidence in Ring Energy's management team and assets.
- Emphasis on value-focused strategy sets a clear direction for the company's growth and resilience during price cycles.
Ring Energy's reaffirmation of its borrowing base and strategic focus on value creation position the company for resilient growth in 2026 and beyond.