secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001628280-25-016778
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ring Energy closes Lime Rock Permian acquisition for $68.6M cash, $10M deferred, and 6.45M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025016778/0001628280-25-016778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025016778/rei-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-016778

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