---
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"
generated_at: "2026-06-13T08:08:15.272433+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ring Energy acquires Founders Oil & Gas IV CBP assets for $75M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-024921
- JSON: https://secwatch.observer/filing/0001628280-23-024921.json
- Plain text: https://secwatch.observer/filing/0001628280-23-024921.txt

## Key facts
- Material Agreements
  RING ENERGY, INC. entered into Asset Purchase Agreement with Founders Oil & Gas IV, LLC valued at $75 million (effective 2023-07-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Founders Oil & Gas IV, LLC
  - Value: $75 million
  - Effective: 2023-07-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828023024921/0001628280-23-024921-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.