$REI
Ring Energy Inc

2020 Q2 Form 10-Q Financial Statement

#000110465920092837 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $10.64M $51.33M
YoY Change -79.28% 71.54%
Cost Of Revenue $626.0K $11.57M
YoY Change -94.59% 74.28%
Gross Profit $10.01M $39.77M
YoY Change -74.83% 70.76%
Gross Profit Margin 94.11% 77.46%
Selling, General & Admin $5.759M $4.271M
YoY Change 34.83% 35.6%
% of Gross Profit 57.53% 10.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.338M $14.62M
YoY Change -49.79% 59.83%
% of Gross Profit 73.3% 36.75%
Operating Expenses $13.33M $19.12M
YoY Change -30.28% 53.42%
Operating Profit -$156.8M $17.64M
YoY Change -989.33% 87.67%
Interest Expense $4.253M $4.260M
YoY Change -0.16%
% of Operating Profit 24.15%
Other Income/Expense, Net -$17.27M -$2.728M
YoY Change 533.0% -20.19%
Pretax Income -$174.1M $14.91M
YoY Change -1267.94% 149.35%
Income Tax -$39.12M $3.565M
% Of Pretax Income 23.92%
Net Earnings -$135.0M $11.34M
YoY Change -1290.2% 140.32%
Net Earnings / Revenue -1269.2% 22.1%
Basic Earnings Per Share -$1.99 $0.17
Diluted Earnings Per Share -$1.99 $0.17
COMMON SHARES
Basic Shares Outstanding 67.98M 67.36M
Diluted Shares Outstanding 67.98M 67.67M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.23M $10.58M
YoY Change 62.87% -21.05%
Cash & Equivalents $17.23M $10.58M
Short-Term Investments
Other Short-Term Assets $13.36M $4.963M
YoY Change 169.1% 1140.72%
Inventory
Prepaid Expenses $584.4K $3.479M
Receivables $8.653M $21.78M
Other Receivables $523.4K $1.292M
Total Short-Term Assets $39.76M $38.61M
YoY Change 2.98% 45.46%
LONG-TERM ASSETS
Property, Plant & Equipment $778.1M $911.9M
YoY Change -14.67% 94.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.05M $3.593M
YoY Change 680.67% -52.73%
Total Long-Term Assets $807.5M $915.4M
YoY Change -11.8% 91.95%
TOTAL ASSETS
Total Short-Term Assets $39.76M $38.61M
Total Long-Term Assets $807.5M $915.4M
Total Assets $847.2M $954.1M
YoY Change -11.2% 89.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.16M $67.26M
YoY Change -71.51% 82.33%
Accrued Expenses $936.3K $294.1K
YoY Change 218.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $288.4K $204.1K
YoY Change 41.33%
Total Short-Term Liabilities $20.39M $67.76M
YoY Change -69.91% 58.51%
LONG-TERM LIABILITIES
Long-Term Debt $375.3M $360.9M
YoY Change 3.98%
Other Long-Term Liabilities $17.35M $16.54M
YoY Change 4.89% 68.74%
Total Long-Term Liabilities $392.6M $377.4M
YoY Change 4.02% 3751.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.39M $67.76M
Total Long-Term Liabilities $392.6M $377.4M
Total Liabilities $413.0M $445.8M
YoY Change -7.36% 748.23%
SHAREHOLDERS EQUITY
Retained Earnings -$94.06M -$16.74M
YoY Change 461.72% -45.94%
Common Stock $67.98K $67.81K
YoY Change 0.25% 12.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $434.2M $508.2M
YoY Change
Total Liabilities & Shareholders Equity $847.2M $954.1M
YoY Change -11.2% 89.5%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$135.0M $11.34M
YoY Change -1290.2% 140.32%
Depreciation, Depletion And Amortization $7.338M $14.62M
YoY Change -49.79% 59.83%
Cash From Operating Activities $2.648M $25.58M
YoY Change -89.65% -45.5%
INVESTING ACTIVITIES
Capital Expenditures -$6.377M -$293.6M
YoY Change -97.83% 264.07%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$6.377M -$293.6M
YoY Change -97.83% 264.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.427M 276.0M
YoY Change -96.95%
NET CHANGE
Cash From Operating Activities 2.648M 25.58M
Cash From Investing Activities -6.377M -293.6M
Cash From Financing Activities 8.427M 276.0M
Net Change In Cash 4.698M 7.972M
YoY Change -41.07% -123.73%
FREE CASH FLOW
Cash From Operating Activities $2.648M $25.58M
Capital Expenditures -$6.377M -$293.6M
Free Cash Flow $9.025M $319.2M
YoY Change -97.17% 150.17%

Facts In Submission

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147937943
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Accretion Expense
AccretionExpense
463329
us-gaap Accretion Expense
AccretionExpense
445179
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
378165
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0
us-gaap Share Based Compensation
ShareBasedCompensation
1991337
us-gaap Share Based Compensation
ShareBasedCompensation
1643199
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
25048702
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-5049219
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1618014
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-3380940
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
20315152
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1189545
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15545418
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9847686
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3397860
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
6388823
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-22050677
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-451965
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-320580
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-384956
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30186083
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35411743
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
1017434
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
268120579
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
30302779
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
81051832
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31320213
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-349172411
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
21500000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
321000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24076
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8359288
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
320975924
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7225158
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7215256
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10004622
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3363726
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17229780
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10578982
us-gaap Interest Paid Net
InterestPaidNet
8320562
us-gaap Interest Paid Net
InterestPaidNet
932896
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
66387
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
441244
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span> – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period.  The Company’s unaudited condensed financial statements are based on a number of significant estimates, including estimates of oil and natural gas reserve quantities, which are the basis for the calculation of depletion and impairment of oil and gas properties.  Reserve estimates, by their nature, are inherently imprecise.  Actual results could differ from those estimates. Changes in the future estimated oil and natural gas reserves or the estimated future cash flows attributable to the reserves that are utilized for impairment analysis could have a significant impact on the Company’s future results of operations.</p>
CY2019Q2 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
0
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-26771529
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
20315152
CY2019Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1530230
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1189545
CY2020Q2 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
13753567
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
17087695
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
0
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Concentration of Credit Risk and Major Customer</span> – The Company had cash in excess of federally insured limits at June 30, 2020.  During the six months ended June 30, 2020, sales to two customers represented 55% and 22%, respectively, of the Company’s oil and gas revenues.  At June 30, 2020, these two customers made up 84% and 0%, respectively, of the Company’s accounts receivable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Approximately 94% of the Company’s accounts and joint interest billing receivables are from purchasers of oil and gas.  Oil and gas sales are generally unsecured.  The Company has not had any significant credit losses in the past and believes its accounts and joint interest billing receivables are fully collectable.  Accordingly, no allowance for doubtful accounts has been provided at June 30, 2020.  The Company also has joint interest billing receivable.  Joint interest billing receivables are collateralized by the pro rata revenue attributable to the joint interest holders and further by the interest itself.</p>
CY2020Q2 rei Percentage Of Accounts Receivables
PercentageOfAccountsReceivables
0.94
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
147937943
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
147937943
rei Amortization Expense1
AmortizationExpense1
21021104
CY2020Q2 rei Depletion At Rate Per Barrel
DepletionAtRatePerBarrel
14.52
rei Depletion At Rate Per Barrel
DepletionAtRatePerBarrel
14.05
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
539577
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
637757
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1750000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41800000
CY2020Q2 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
0
CY2019Q2 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
1464394
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
0
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
2864554
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
0
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1234862
CY2020Q2 rei Business Combination Asset Retirement Obligations
BusinessCombinationAssetRetirementObligations
0
CY2019Q2 rei Business Combination Asset Retirement Obligations
BusinessCombinationAssetRetirementObligations
2979645
CY2020Q2 rei Stock Issued As Partial Consideration In Asset Acquisition
StockIssuedAsPartialConsiderationInAssetAcquisition
0
CY2019Q2 rei Stock Issued As Partial Consideration In Asset Acquisition
StockIssuedAsPartialConsiderationInAssetAcquisition
28356396
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
0
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment
296910774
CY2019Q2 rei Amortization Expense1
AmortizationExpense1
14615270
rei Amortization Expense1
AmortizationExpense1
27544324
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2019Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020Q2 rei Amortization Expense1
AmortizationExpense1
7338108
CY2019Q2 rei Depletion At Rate Per Barrel
DepletionAtRatePerBarrel
14.70
rei Depletion At Rate Per Barrel
DepletionAtRatePerBarrel
14.72
CY2020Q2 us-gaap Depreciation
Depreciation
88987
us-gaap Depreciation
Depreciation
200178
CY2019Q2 us-gaap Depreciation
Depreciation
66277
us-gaap Depreciation
Depreciation
107431
CY2020Q2 rei Oil Revenue
OilRevenue
10414374
CY2019Q2 rei Oil Revenue
OilRevenue
50793472
rei Oil Revenue
OilRevenue
49051574
rei Oil Revenue
OilRevenue
91671455
CY2020Q2 rei Natural Gas Revenue
NaturalGasRevenue
222219
CY2019Q2 rei Natural Gas Revenue
NaturalGasRevenue
540753
rei Natural Gas Revenue
NaturalGasRevenue
1155347
rei Natural Gas Revenue
NaturalGasRevenue
1461085
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10636593
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
51334225
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
50206921
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
93132540
CY2020Q2 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P36M
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
618389
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
708392
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
155603
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
311206
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
132499
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0449
rei Operating Lease Imputed Interest Expense
OperatingLeaseImputedInterestExpense
40995
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0526
rei Finance Lease Imputed Interest Expense
FinanceLeaseImputedInterestExpense
30131
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65852348
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.99
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.99
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Operating Lease Cost
OperatingLeaseCost
581258
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
256350
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2142077
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
307518
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
143706
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
25956
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
16850
CY2019Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4029
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-135000066
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
11342597
us-gaap Net Income Loss
NetIncomeLoss
-91195948
us-gaap Net Income Loss
NetIncomeLoss
15611857
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67980794
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67357645
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67987295
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65305081
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67980794
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67670259
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67987295
CY2019Q2 srt Gas And Oil Area Developed Gross
GasAndOilAreaDevelopedGross
49754
CY2019Q2 srt Gas And Oil Area Developed Net
GasAndOilAreaDevelopedNet
38230
CY2019Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4100000
CY2019Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
296910774
CY2019Q1 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
1464394
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
2864554
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1234862
CY2019Q1 rei Business Combination Asset Retirement Obligations
BusinessCombinationAssetRetirementObligations
2979645
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
297025215
CY2019Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
57999639
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
99797954
CY2019Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
11403039
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
15672299
CY2019Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.17
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.23
CY2019Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.17
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.23
CY2020Q2 rei Cash Payment Receipt On Unwound Costless Collars
CashPaymentReceiptOnUnwoundCostlessCollars
5435136
CY2019Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
375000000
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0000
CY2020Q2 us-gaap Line Of Credit
LineOfCredit
375000000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16787219
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
66387
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
320580
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
463329
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16996355
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2265000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
768379
CY2020Q2 rei Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses
CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses
1317542
rei Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses
CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses
1991337
CY2019Q2 rei Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses
CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses
808734
rei Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses
CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses
1643199
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2500000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
5000000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2303155

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