Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The company is headquartered in The Woodlands, Texas and currently employs 98 full-time employees. The company went IPO on 2007-03-28. The firm is engaged in oil and natural gas development, production, acquisition, and exploration activities focused on Texas and New Mexico. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin, all of which are part of the Permian Basin in Texas and New Mexico. Its leasehold acreage positions totaled approximately 124,217 gross (102,175 net) acres, and it holds interests in approximately 1,056 gross (888 net) producing wells. Its proved reserves are oil-weighted with approximately 64% consisting of oil, 19% consisting of natural gas, and 17% consisting of natural gas liquids. Of those reserves, approximately 65% are classified as proved developed and 35% are classified as proved undeveloped. Its proved reserves are approximately 138.1 million barrels of oil equivalent (BOE).