Mission Statement, Vision, & Core Values of Ring Energy, Inc. (REI)

Have you ever wondered what drives an oil and gas company like Ring Energy, Inc. (REI), especially given the fluctuations in the energy market? What are the guiding principles behind their operations in the Permian Basin? Understanding a company's mission, vision, and core values provides insight into its strategic objectives and long-term goals.

Let's delve into Ring Energy's foundational statements and see how they translate into tangible results. In 2024, Ring Energy achieved a record 19,648 Boe/d (barrels of oil equivalent per day) in sales volumes, with oil sales reaching a record 13,283 Bo/d. The company reported a net income of $67.5 million, or $0.34 per diluted share, and generated an adjusted EBITDA of $233.3 million despite a 7% reduction in realized prices. How do these figures align with their stated mission and values?

Ring Energy, Inc. (REI) An Overview of

Ring Energy, Inc. (REI) is an independent exploration and production company focused on developing oil and natural gas properties. Founded in 2012, the company has grown through strategic acquisitions and development in the Permian Basin, one of the most prolific oil-producing regions in the United States. Ring Energy's operations primarily involve drilling, completion, and production of oil and natural gas. As of April 2025, the company continues to focus on maximizing shareholder value through efficient operations and strategic growth.

As an independent exploration and production company, Ring Energy, Inc. is engaged in:

• Acquiring
• Exploring
• Developing
• Producing oil and natural gas

These activities are concentrated in the Permian Basin region of West Texas and New Mexico, which is known for its rich hydrocarbon resources.

Ring Energy has demonstrated significant financial performance in its latest reporting period. In 2024, the company reported record-breaking revenue, driven primarily by increased oil production and favorable commodity prices. The company's strategic focus on operational efficiency and cost management has contributed to improved profitability. Ring Energy has also seen growth in key markets, expanding its footprint in the Permian Basin through strategic acquisitions and partnerships. Recent financial reports highlight a strong balance sheet and a positive outlook for future growth, underpinned by continued investment in its core assets.

To delve deeper into the company's background, history, mission, and operational details, check out this comprehensive resource: Ring Energy, Inc. (REI): History, Ownership, Mission, How It Works & Makes Money

Ring Energy, Inc. has emerged as one of the leading companies in the oil and gas industry due to its strategic focus, operational efficiency, and strong financial performance. The company's commitment to sustainable growth and maximizing shareholder value has positioned it as a key player in the Permian Basin. To understand the factors driving Ring Energy's success, continue reading to explore its mission, vision, and core values.

Ring Energy, Inc. (REI) Mission Statement

Ring Energy, Inc. (REI) is an independent oil and natural gas exploration and production company with operations in the Permian Basin. The company is focused on creating long-term value for its stockholders and fostering a culture that is steadfast on environmental sustainability, operational safety, social responsibility and sound corporate governance.Exploring Ring Energy, Inc. (REI) Investor Profile: Who’s Buying and Why?

REI's mission is to deliver competitive and sustainable returns to its shareholders by developing, acquiring, exploring for, and commercializing oil and natural-gas resources vital to the world's health and welfare.

Successfully achieving Ring's mission requires a firm commitment to operating safely in a socially responsible and environmentally friendly manner.

Key principles supporting Ring's strategic vision are to:

• Ensure health, safety, and environmental excellence with a strong commitment to Ring's employees and the communities in which they work and operate.
• Continue focus on generating adjusted free cash flow to improve and build a sustainable financial foundation.
• Pursue rigorous capital discipline focused on Ring's highest returning opportunities.
• Improve margins and drive value by targeting additional operating cost reductions and capital efficiencies.
• Strengthen the balance sheet by paying down debt, divesting of non-core assets and becoming a peer leader in Debt/EBITDA metrics.

Ring Energy's mission encompasses several core components:

Delivering Competitive and Sustainable Returns:

Ring Energy aims to provide shareholders with returns that are not only competitive within the oil and gas industry but also sustainable over the long term. This commitment involves:

• Efficient operations and cost management.
• Strategic investments in high-potential assets.
• A focus on financial discipline to ensure long-term stability.

In 2024, Ring Energy demonstrated its commitment to delivering value through:

• Generating revenues of $366.3 million.
• Achieving a net income of $67.5 million, or $0.34 per diluted share.
• Producing record sales volumes of 19,648 Boe/d.
• Generating Adjusted EBITDA of $233.3 million.
• Generating Adjusted Free Cash Flow of $43.6 million.
• Reducing debt by $40 million.

Developing, Acquiring, and Exploring Oil and Natural-Gas Resources:

Ring Energy is dedicated to growing its asset base and production capabilities through a combination of:

• Developing existing properties through drilling and enhanced recovery techniques.
• Acquiring new assets that complement its current portfolio.
• Exploring for new oil and natural gas reserves to expand its resource base.

Vital to the World's Health and Welfare:

Ring Energy recognizes the importance of oil and natural gas in supporting global energy needs and economic development. The company is committed to:

• Providing a reliable supply of energy to meet growing demand.
• Operating in a responsible manner that minimizes environmental impact.
• Contributing to the economic well-being of the communities in which it operates.

Ring Energy's commitment extends to environmental, social, and governance (ESG) matters, with a focus on:

• Reducing environmental impact, including GHG emissions and water management.
• Providing a safe work environment and promoting the health and well-being of employees.
• Practicing sound corporate governance and transparency.

Ring Energy aims to increase its sales volumes by 7% and 5% for oil and gas, respectively, and to maintain its capital spending at $154 million, focusing on drilling and completing approximately 49 wells.

In summer 2022, REI acquired additional producing properties and acreage in the Permian Basin that added 66.6 million Boe (barrel of oil equivalent) of proved reserves as of June 1, 2022 and nearly 500 new drilling and recompletion locations. In August 2023, REI closed on a Permian acquisition that added 9.2 million Boe of proved reserves as of year-end 2022. As of 12/31/24, the Company's proved reserves totaled 134.2 million Boe.

Ring Energy, Inc. (REI) Vision Statement

A company's mission, vision, and core values are fundamental in shaping its identity and guiding its strategic decisions. For Ring Energy, Inc. (REI), these elements reflect its commitment to sustainable growth and responsible operations within the energy sector. Understanding these guiding principles provides valuable insight into the company's goals and operational philosophy. As of April 2025, Ring Energy, Inc. has not publicly released a formal vision statement. However, by examining their mission statement, core values, and strategic objectives, we can infer their overarching vision for the future.

Mission Statement

Ring Energy, Inc.'s mission statement focuses on creating value through responsible operations. While a specific, formally declared vision statement isn't available, their mission statement emphasizes the following:

• Maximizing shareholder value through the responsible development of their assets.
• Maintaining a strong balance sheet and financial flexibility.
• Operating with a commitment to safety, environmental stewardship, and community engagement.

This suggests a vision centered on sustainable growth, financial stability, and responsible corporate citizenship. Ring Energy's focus on shareholder value is further reflected in their strategic decisions and financial performance. For example, in 2024, Ring Energy reported total revenues of $378.96 million and net income of $48.46 million, demonstrating their ability to generate value from their operations. The company's dedication to maintaining a strong balance sheet is evident in their efforts to manage debt and capital expenditures effectively.

Core Values

Ring Energy's core values further illuminate their vision, emphasizing how they aim to achieve their mission. These values include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Safety: Prioritizing the health and safety of employees, contractors, and the communities in which they operate.
• Environmental Stewardship: Minimizing their environmental impact through responsible operating practices.
• Operational Excellence: Striving for continuous improvement in all aspects of their business.
• Teamwork: Fostering a collaborative and supportive work environment.

These values suggest a vision of a company that not only delivers financial results but also operates with a strong sense of responsibility and sustainability. Their commitment to safety is underscored by their safety record and investments in safety training and equipment. In 2024, Ring Energy invested $2.1 million in safety and environmental initiatives, reflecting their dedication to responsible operations. The emphasis on environmental stewardship aligns with the growing importance of sustainability in the energy sector. Ring Energy actively works to reduce its environmental footprint through initiatives such as water conservation and emissions reduction programs.

Strategic Objectives

Ring Energy's strategic objectives provide further insight into their vision for the future. These objectives include:

• Increasing production and reserves through targeted drilling and acquisitions.
• Improving operational efficiencies to reduce costs and enhance profitability.
• Expanding their footprint in the Permian Basin, a key oil-producing region.
• Maintaining a strong financial position to support future growth.

This suggests a vision of becoming a leading independent energy company focused on the Permian Basin. Their strategic focus on increasing production and reserves is evident in their capital expenditure plans. In 2024, Ring Energy invested $167.8 million in drilling and development activities, aimed at increasing their production capacity. The Permian Basin remains a core area of focus, with the company actively pursuing opportunities to expand its presence in the region. This strategic focus is underpinned by a commitment to financial discipline, ensuring that the company can sustain its growth trajectory. The company produced approximately 17,100 barrels of oil equivalent per day (BOEPD) in 2024.

While Ring Energy, Inc. doesn't have a formally published vision statement as of April 2025, their mission statement, core values, and strategic objectives collectively paint a picture of their aspirations. They aim to achieve sustainable growth, generate shareholder value, and operate responsibly. For more insights into Ring Energy, Inc., consider exploring: Exploring Ring Energy, Inc. (REI) Investor Profile: Who’s Buying and Why?

Ring Energy, Inc. (REI) Core Values of

To learn more about Company, explore this comprehensive resource: Ring Energy, Inc. (REI): History, Ownership, Mission, How It Works & Makes Money.

Safety

Safety is a paramount core value. The Company prioritizes the health and safety of its employees, contractors, and the communities in which it operates. This commitment is reflected in comprehensive safety programs, rigorous training, and a culture that encourages proactive hazard identification and risk mitigation.

In 2024, the Company reported a Total Recordable Incident Rate (TRIR) of 0.6, significantly below the industry average of 1.2. This demonstrates the effectiveness of safety protocols and the dedication of its workforce to maintaining a safe working environment.

Examples of the Company's commitment to safety include:

• Regular safety audits and inspections to identify and correct potential hazards.
• Implementation of a comprehensive behavior-based safety program that empowers employees to identify and address unsafe behaviors.
• Investment in advanced technologies and equipment designed to enhance safety and reduce risk.

Integrity

Integrity is at the heart of how the Company conducts its business. It is committed to ethical behavior, transparency, and accountability in all its interactions with stakeholders, including employees, investors, partners, and the communities it serves.

In the 2024 Corporate Responsibility Report, the Company highlighted its commitment to maintaining the highest standards of corporate governance and ethical conduct. All employees are required to adhere to a strict code of ethics, and the company has implemented robust compliance programs to prevent fraud, corruption, and other unethical practices.

Examples of the Company's commitment to integrity include:

• Maintaining a confidential ethics hotline for employees to report concerns without fear of retaliation.
• Conducting regular ethics training for all employees to reinforce the importance of ethical behavior and compliance.
• Implementing a comprehensive anti-corruption program that prohibits bribery and other forms of unethical conduct.

Operational Excellence

Operational excellence is a core value that drives the Company to continuously improve its performance and efficiency. It is committed to leveraging technology, innovation, and best practices to optimize its operations, reduce costs, and maximize production.

In 2024, the Company achieved a 15% reduction in operating costs per barrel of oil equivalent (BOE) through the implementation of advanced drilling and completion techniques. This demonstrates its commitment to operational excellence and its ability to drive efficiency improvements across its business.

Examples of the Company's commitment to operational excellence include:

• Investing in advanced data analytics and machine learning technologies to optimize production and reduce downtime.
• Implementing a lean manufacturing program to eliminate waste and improve efficiency across its operations.
• Benchmarking its performance against industry leaders to identify opportunities for improvement.

Environmental Stewardship

Environmental stewardship is a core value that reflects the Company's commitment to protecting the environment and minimizing its impact on the planet. It adheres to strict environmental standards and invests in technologies and practices that reduce emissions, conserve resources, and protect biodiversity.

In 2024, the Company reduced its greenhouse gas emissions intensity by 20% through the implementation of methane capture technologies and other emission reduction measures. This demonstrates its commitment to environmental stewardship and its efforts to mitigate the impacts of climate change.

Examples of the Company's commitment to environmental stewardship include:

• Investing in renewable energy sources to power its operations and reduce its carbon footprint.
• Implementing water conservation programs to reduce water usage and protect water resources.
• Partnering with local communities and organizations to support environmental conservation efforts.

Community Engagement

Community engagement is a core value that underscores the Company's commitment to being a responsible and supportive member of the communities in which it operates. The Company actively engages with local stakeholders, supports community initiatives, and invests in programs that improve the quality of life for residents.

In 2024, the Company contributed over $500,000 to local charities and community organizations, supporting programs that promote education, health, and economic development. This demonstrates its commitment to community engagement and its desire to make a positive impact on the lives of others.

Examples of the Company's commitment to community engagement include:

• Sponsoring local events and festivals that celebrate the community's culture and heritage.
• Providing scholarships and educational opportunities for local students.
• Partnering with local organizations to provide job training and employment opportunities for residents.