Home / Top News / Ring Energy Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Affirms 2021 Guidance
Ring Energy Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Affirms 2021 Guidance Generates Free Cash Flow for Fifth Consecutive Quarter
THE WOODLANDS, Texas, March 16, 2021 (GLOBE NEWSWIRE) Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2020 including Ring’s year-end 2020 reserves and affirmed 2021 guidance.
Highlights and Recent Key Items
Exceeded high end of guidance and sold 9,307 barrels of oil equivalent per day (“Boe/d”), or 856,271 barrels of oil equivalent (“Boe”) (86% oil), in the fourth quarter of 2020, despite no new wells coming online during the quarter;