RING ENERGY, INC. (REI): M&A transaction — Ring Energy closes Lime Rock Permian acquisition for $68.6M cash, $10M deferred, and 6.45M shares

RING ENERGY, INC.

Acquired ~17,700 net acres (100% HBP) and ~2,300 Boe/d (>80% oil) production from 101 gross wells in Andrews County, TX.
Total consideration: ~$68.6M cash at closing (net of $5M deposit), $10M deferred cash due Dec 31, 2025, and 6.45M shares of common stock.
Acquisition expected to generate $34M 2025E Adjusted EBITDA, valued at <85% of proved developed PV-10; accretive to key per-share metrics.
Adds >40 gross drilling locations with superior economics; assets mostly contiguous to existing Shafter Lake CBP footprint.
Funded with cash on hand and borrowings under senior credit facility; registration rights agreement filed for shares.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RING ENERGY, INC. completed an acquisition involving Lime Rock Resources IV-A, L.P. and Lime Rock Resources IV-C, L.P. for approximately $68.6 million in cash at closing, net of preliminary and customary purchase price adjustments and subject to final post-closing settlement between (closed 2025-03-31).

Action: acquisition
Counterparty: Lime Rock Resources IV-A, L.P. and Lime Rock Resources IV-C, L.P.
Consideration: approximately $68.6 million in cash at closing, net of preliminary and customary purchase price adjustments and subject to final post-closing settlement between
Closing: 2025-03-31

Exact text from the filing

interests in oil and gas leases and related property of Lime Rock located in Andrews County, Texas, for an aggregate purchase price (the “Purchase Price”) of approximately $68.6 million in cash at closing (the “Closing Cash Consideration”), net of preliminary and customary purchase price adjustments and subject to final post-closing settlement between the

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RING ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001628280-25-016778

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