---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042700"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:50:38.651186+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ring Energy reaffirms $600M borrowing base, pays final $11.9M for Founders acquisition, sells $1.5M non-core assets

## Summary
- Borrowing base reaffirmed at $600M under $1.0B credit facility; no terms changed.
- Final deferred payment of $11.9M made for Founders acquisition, $3.1M less than initial $15M due to purchase price adjustments.
- Sold $1.5M of non-core assets in Gaines County, TX; proceeds used to reduce borrowings.
- Next regularly scheduled bank redetermination expected spring 2024.

## SEC filing metadata
- accession: 0001628280-23-042700
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000162828023042700/0001628280-23-042700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828023042700/rei-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042700
- JSON: https://secwatch.observer/filing/0001628280-23-042700.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042700.txt

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