Ring Energy to Hold May 20 Chat on Permian Basin Horizontal Development and Equity Offering
Ring Energy will host a May 20 fireside chat with CEO Paul McKinney and executives outlining its shift toward horizontal development across stacked pay formations in the Permian Basin. They will outline how a recent equity offering boosts financial flexibility, reduces leverage and supports growth, efficiency and free cash flow.
1. Fireside Chat Announcement
Ring Energy has scheduled a fireside chat on May 20 at 10:00 AM Central Time featuring CEO Paul McKinney, Executive Vice President and Chief Exploration Officer James Parr, Executive Vice President and Chief Operations Officer Alex Dyes and Principal Financial Officer and Chief Financial Officer Sonu Johl.
2. Horizontal Development Strategy
Management will discuss the company’s transition toward horizontal well development across stacked pay formations in the Northwest Shelf and Central Basin Platform of the Permian Basin, highlighting anticipated improvements in well economics, capital efficiency and expansion of future drilling inventory.
3. Equity Offering and Financial Flexibility
Executives will detail how the recent equity offering strengthens the balance sheet by reducing leverage, enhances financial flexibility and underpins the long-term strategy for organic growth, disciplined capital allocation, cost control and sustained free cash flow generation.