{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-024921","form_type":"8-K","ticker":"REI","cik":"0001384195","company_name":"RING ENERGY, INC.","filed_at":"2023-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.755499+00:00","generated_at":"2026-06-13T08:08:15.272433+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ring Energy acquires Founders Oil & Gas IV CBP assets for $75M cash","bullets":["Total cash consideration of $75M ($60M at closing + $15M deferred within four months).","Acquiring ~3,600 net acres in Permian Basin; Q2 production ~2,500 Boe/d (86% oil).","Proved SEC reserves of 9.2 MMBoe (80% oil); ~50 low-risk undeveloped drilling locations.","Expected to close Q3 2023; funded by cash on hand and borrowings under revolving credit facility.","Pro forma 2H 2023 capital spending guidance $67M-$77M; focus on debt reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-024921","json":"https://secwatch.observer/filing/0001628280-23-024921.json","markdown":"https://secwatch.observer/filing/0001628280-23-024921.md","text":"https://secwatch.observer/filing/0001628280-23-024921.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384195/000162828023024921/0001628280-23-024921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384195/000162828023024921/rei-20230710.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T08:08:15.272433+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a6398d3ab96fca8842bdab055422b2a0b196159","claim":"RING ENERGY, INC. entered into Asset Purchase Agreement with Founders Oil & Gas IV, LLC valued at $75 million (effective 2023-07-10).","evidence_excerpt":"On July 10, 2023, Ring Energy, Inc. (the “Company”), as buyer, and Founders Oil & Gas IV, LLC (the “Founders”), as seller, entered into an Asset Purchase Agreement (the “Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384195/000162828023024921/0001628280-23-024921-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Founders Oil & Gas IV, LLC"},{"label":"Value","value":"$75 million"},{"label":"Effective","value":"2023-07-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}