Ring Energy Q4 2023 sales ~19,400 Boe/d near high end; debt down $3M; Q1 2024 guidance 18,000-18,500 Boe/d

RING ENERGY, INC.

Q4 2023 sales volumes ~19,400 Boe/d (70% oil), near high-end of guidance 18,900-19,500 Boe/d.
Reduced debt by $3.0M in Q4; made $11.9M final Founders acquisition payment; ended 2023 with $425M borrowings.
Q1 2024 guidance: avg sales 18,000-18,500 Boe/d (~69% oil); capex $37-42M for two-rig drilling program.
Winter weather deferred ~1,900 Boe/d for 10 days in early Q1; production now restored.
Plans to drill 4-5 horizontal and 4-6 vertical wells in Q1 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.