secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001628280-24-031767
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ring Energy raises Q2 sales guidance above prior range; reduces debt $15M
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- New oil sales guidance: 13,500-13,700 Bopd vs prior 13,000-13,400 Bopd.
- New Boepd guidance: 19,500-19,700 vs prior 18,500-19,100.
- Reduced debt by $15M in Q2 2024; ended with $407M outstanding, $48M paydown since Founders Acquisition.
- Borrowing base reaffirmed at $600M under $1.0B credit facility; $193M availability at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828024031767/0001628280-24-031767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828024031767/rei-20240708.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-031767

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