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An announcement from Ring Energy ( (REI) ) is now available.
On March 31, 2025, Ring Energy completed the acquisition of Lime Rock Resources’ Central Basin Platform assets in the Permian Basin for approximately $68.6 million in cash and 6.5 million shares of common stock. This acquisition enhances Ring Energy’s scale and operational synergies, increases its high-return inventory portfolio, and strengthens its position as a leading conventional Permian consolidator, driving significant adjusted free cash flow and debt reduction.
More about Ring Energy
Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets.
YTD Price Performance: -23.57%
Average Trading Volume: 1,770,818
Technical Sentiment Signal: Strong Buy
Current Market Cap: $214M
Learn more about REI stock on TipRanks’ Stock Analysis page.
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