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Ring Energy, Inc. (REI): Marketing Mix [Jan-2025 Updated] |
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Ring Energy, Inc. (REI) Bundle
Dive into the strategic world of Ring Energy, Inc. (REI), a dynamic oil and natural gas exploration company that's carving its niche in the heart of the Permian Basin. With a laser-focused approach to unconventional resource extraction, REI transforms challenging geological landscapes into profitable energy opportunities, leveraging cutting-edge technologies and strategic regional positioning to drive sustainable growth in the ever-evolving energy marketplace.
Ring Energy, Inc. (REI) - Marketing Mix: Product
Core Business Focus
Ring Energy, Inc. operates as an independent oil and natural gas exploration and production company with primary operations in the Permian Basin.
Geographic Operating Regions
| State | Operational Details |
|---|---|
| Texas | Delaware Basin region |
| New Mexico | Permian Basin western territories |
Drilling and Extraction Capabilities
- Horizontal drilling techniques
- Unconventional oil reserve development
- Advanced extraction technologies
Geological Formations Targeted
| Basin | Specific Zones |
|---|---|
| Delaware Basin | Wolfcamp and Bone Spring formations |
| Midland Basin | Spraberry and Dean formations |
Production Metrics
As of Q3 2023, Ring Energy reported:
- Total production: 16,600 barrels of oil equivalent per day (BOE/d)
- Oil production: 12,300 barrels per day
- Natural gas production: 25.5 million cubic feet per day
Reserves Data
| Category | Quantity |
|---|---|
| Proved Reserves | 44.4 million BOE |
| Proved Developed Reserves | 25.6 million BOE |
Technical Capabilities
Extraction Technologies include multi-stage hydraulic fracturing, horizontal well completions, and advanced seismic imaging techniques.
Ring Energy, Inc. (REI) - Marketing Mix: Place
Operational Footprint
Concentrated Geographical Focus: Southwestern United States, specifically Texas and New Mexico
| State | Total Acres | Production Wells |
|---|---|---|
| Texas | 27,187 net acres | 178 producing wells |
| New Mexico | 16,701 net acres | 92 producing wells |
Core Production Regions
Primary Strategic Locations: Permian Basin
- Delaware Basin sub-region
- Central Basin Platform
- Northwest Shelf area
Infrastructure Details
| Infrastructure Component | Quantity/Specification |
|---|---|
| Drilling Locations | Approximately 500 potential drilling locations |
| Production Facilities | Multiple centralized processing centers |
| Pipeline Connections | Direct access to major midstream infrastructure |
Distribution Channels
Primary Distribution Methods:
- Direct pipeline transportation
- Third-party midstream infrastructure
- Strategic partnership with regional energy logistics providers
Geographical Advantages
Proximity to established energy infrastructure in Permian Basin provides competitive logistical advantages for production and distribution.
Ring Energy, Inc. (REI) - Marketing Mix: Promotion
Quarterly Investor Presentations
Ring Energy communicates financial performance through detailed quarterly investor presentations. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Production Volume | 22,300 BOE/d |
| Revenue | $221.4 million |
| Net Income | $53.6 million |
Shareholder Engagement
The company engages shareholders through multiple channels:
- Annual reports filed with SEC
- Quarterly investor conference calls
- Investor relations email communications
Corporate Website Communication
Ring Energy maintains a comprehensive corporate website with:
- Real-time operational updates
- Financial performance dashboards
- Investor presentation archives
Industry Conference Participation
| Conference | Date | Location |
|---|---|---|
| EnerCom Oil & Gas Conference | August 2023 | Denver, CO |
| NAPE Expo | February 2024 | Houston, TX |
Press Release Strategy
In 2023, Ring Energy issued 18 press releases highlighting:
- Operational achievements
- Strategic acquisitions
- Financial performance milestones
Ring Energy, Inc. (REI) - Marketing Mix: Price
Stock Price Performance
As of January 2024, Ring Energy, Inc. (REI) stock price fluctuated between $2.50 and $3.75 per share. The company's market capitalization was approximately $250 million.
| Price Metric | Value |
|---|---|
| 52-Week Low | $2.50 |
| 52-Week High | $3.75 |
| Current Market Cap | $250 million |
Pricing Strategy in Energy Commodity Market
Ring Energy's pricing strategy is directly tied to oil and natural gas market dynamics. As of Q4 2023, West Texas Intermediate (WTI) crude oil prices averaged $75.43 per barrel.
Cost-Efficient Production Approach
The company maintains a competitive pricing strategy through efficient production methods:
- Average production cost: $12.50 per barrel of oil equivalent
- Operational breakeven point: $45 per barrel
- Hedging coverage: 60% of projected 2024 production
Production Volume and Market Demand
Ring Energy adjusts production volumes based on market conditions:
| Production Metric | 2023 Value |
|---|---|
| Daily Production | 15,500 barrels of oil equivalent |
| Annual Production | 5.66 million barrels |
Hedging Strategies
To mitigate price volatility, Ring Energy implements financial hedging mechanisms:
- Hedged price for oil: $65 per barrel
- Hedged price for natural gas: $3.25 per MMBtu
- Hedging contract duration: 12-18 months
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