Headquartered in Midland, Texas, the business is also in the acquisition of several properties that have helped balloon the proven reserves of the business to 7.2 million BOE’s (barrel of oil equivalents). In addition to its proven reserves in Texas and Kansas, the company also has interests in developed and undeveloped acres in Texas and Kansas that totals to 31,372 acres. Their raw products are sold to marketers, end users and those individual and corporate purchasers.
It was in 2004 that the company got created. Prior to using the name Ring Energy, Inc. the business conducted its operations as the Transglobal Mining Corporation. It continues to trade its common stocks on the New York Stock Exchange, using the symbol REI.