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GlobeNewswire·

Ring Energy Announces Reaffirmation of Borrowing Base Under Its Credit Facility

  • Ring Energy reaffirmed its borrowing base at $585 million under its $1.0 billion senior revolving credit facility.
  • No changes were made to the terms of the credit facility, with the next regularly scheduled bank redetermination set for spring 2026.
  • CEO Paul D. McKinney expressed gratitude for the banking syndicate's confidence in the company's management & assets.
  • The company's 2026 strategic focus will include strengthening its balance sheet, managing costs, & maintaining production levels.
  • Ring Energy is an oil & gas exploration, development, & production company focused on Permian Basin assets.