$REI
RING ENERGY, INC.

2013 Q4 Form 10-K Financial Statement

#000114420415016346 Filed on March 16, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $5.052M $10.32M $712.2K
YoY Change 609.34% 486.97% 239.13%
Cost Of Revenue $790.0K $1.700M $230.0K
YoY Change 243.48% 88.89% 109.09%
Gross Profit $4.260M $8.600M $490.0K
YoY Change 769.39% 855.56% 390.0%
Gross Profit Margin 84.33% 83.37% 68.8%
Selling, General & Admin $2.000M $6.700M $570.0K
YoY Change 250.88% 179.17% 103.57%
% of Gross Profit 46.95% 77.91% 116.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $620.0K $60.61K $220.0K
YoY Change 181.82% 85.19% 450.0%
% of Gross Profit 14.55% 0.7% 44.9%
Operating Expenses $2.650M $9.000M $780.0K
YoY Change 239.74% 210.34% 129.41%
Operating Profit $1.610M -$389.3K -$301.7K
YoY Change -633.67% -80.84% 25.71%
Interest Expense $0.00 $9.890K $140.0K
YoY Change -100.0% -95.48% 0.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $14.82K $0.00
YoY Change -76.2% -100.0%
Pretax Income $1.610M -$374.5K -$170.0K
YoY Change -1047.06% -80.99% 325.0%
Income Tax $80.00K $77.70K -$300.0K
% Of Pretax Income 4.97%
Net Earnings $1.535M -$452.2K $133.8K
YoY Change 1047.02% -72.91% -434.55%
Net Earnings / Revenue 30.38% -4.38% 18.79%
Basic Earnings Per Share $0.08 -$0.03 $0.01
Diluted Earnings Per Share $0.08 -$0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 16.38M shares
Diluted Shares Outstanding 16.38M shares

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.40M $52.40M $5.400M
YoY Change 870.37% 870.37%
Cash & Equivalents $52.35M $5.404M
Short-Term Investments
Other Short-Term Assets $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Inventory
Prepaid Expenses $66.05K
Receivables $3.888M $3.900M $400.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $56.31M $56.30M $5.900M
YoY Change 854.32% 854.24% 2850.0%
LONG-TERM ASSETS
Property, Plant & Equipment $55.42M $55.40M $22.60M
YoY Change 145.21% 145.13% 247.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $55.42M $55.40M $22.60M
YoY Change 145.21% 145.13% 247.69%
TOTAL ASSETS
Total Short-Term Assets $56.31M $56.30M $5.900M
Total Long-Term Assets $55.42M $55.40M $22.60M
Total Assets $111.7M $111.7M $28.50M
YoY Change 292.01% 291.93% 325.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.229M $6.200M $1.200M
YoY Change 419.12% 416.67% 1100.0%
Accrued Expenses $1.000M $1.000M $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.232M $7.200M $1.200M
YoY Change 502.64% 500.0% 140.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.200M $1.200M $500.0K
YoY Change 140.0% 140.0% -54.55%
Total Long-Term Liabilities $1.200M $1.200M $500.0K
YoY Change 140.0% 140.0% -95.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.232M $7.200M $1.200M
Total Long-Term Liabilities $1.200M $1.200M $500.0K
Total Liabilities $9.118M $9.100M $2.300M
YoY Change 296.42% 295.65% -78.7%
SHAREHOLDERS EQUITY
Retained Earnings -$6.436M
YoY Change
Common Stock $23.58K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.6M $102.6M $26.20M
YoY Change
Total Liabilities & Shareholders Equity $111.7M $111.7M $28.51M
YoY Change 291.83% 291.93% 325.57%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $1.535M -$452.2K $133.8K
YoY Change 1047.02% -72.91% -434.55%
Depreciation, Depletion And Amortization $620.0K $60.61K $220.0K
YoY Change 181.82% 85.19% 450.0%
Cash From Operating Activities $3.070M $8.120M -$540.0K
YoY Change -668.52% -27166.67% 125.0%
INVESTING ACTIVITIES
Capital Expenditures -$12.82M -$34.38M -$5.370M
YoY Change 138.73% 231.21% 306.82%
Acquisitions
YoY Change
Other Investing Activities -$60.00K -$60.00K
YoY Change
Cash From Investing Activities -$12.88M -$34.44M -$5.370M
YoY Change 139.85% 231.79% 306.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $54.23M $73.20M
YoY Change 462.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.29M 73.27M 1.460M
YoY Change 3618.49% 363.73% -0.68%
NET CHANGE
Cash From Operating Activities 3.070M 8.120M -540.0K
Cash From Investing Activities -12.88M -34.44M -5.370M
Cash From Financing Activities 54.29M 73.27M 1.460M
Net Change In Cash 44.48M 46.95M -4.450M
YoY Change -1099.55% 771.06% 4844.44%
FREE CASH FLOW
Cash From Operating Activities $3.070M $8.120M -$540.0K
Capital Expenditures -$12.82M -$34.38M -$5.370M
Free Cash Flow $15.89M $42.50M $4.830M
YoY Change 228.99% 310.63% 347.22%

Facts In Submission

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CashAndCashEquivalentsAtCarryingValue
8622235 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
221927 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
73269190 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
28729686 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5392795 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
46946416 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-43728348 USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
187637 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
9890 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2012 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
9689488 USD
CY2013 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0 USD
CY2014 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0 USD
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1362665 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2012 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-152148 USD
CY2013 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 USD
CY2014 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
575977 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2013 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
211691 USD
CY2014 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2012 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
-14214 USD
CY2013 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
481296 USD
CY2014 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
2022445 USD
CY2012 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-4490001 USD
CY2013 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
0 USD
CY2014 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
182369 USD
CY2012 us-gaap Stock Issued1
StockIssued1
13531760 USD
CY2013 us-gaap Stock Issued1
StockIssued1
0 USD
CY2014 us-gaap Stock Issued1
StockIssued1
0 USD
CY2012 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
9893 USD
CY2013 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2014 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-436391 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2012 us-gaap Notes Reduction
NotesReduction
2003122 USD
CY2013 us-gaap Notes Reduction
NotesReduction
0 USD
CY2014 us-gaap Notes Reduction
NotesReduction
0 USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
26942 USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2012 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 USD
CY2013 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
100000 USD
CY2014 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
87050 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
326943 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3470437 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2412061 USD
CY2012 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
10887561 USD
CY2013 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
CY2014 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13009062 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
73201690 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28514686 USD
CY2012 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
4490001 USD
CY2014 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
182369 USD
CY2013 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 USD
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><i><font style="FONT-SIZE: 10pt"> Concentration of Credit Risk and Accounts Receivable</font></i></strong> <font style="FONT-SIZE: 10pt">&#150; Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and accounts receivable. The Company has cash in excess of federally insured limits of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8,372,235</font> at December 31, 2014. The Company places its cash with a high credit quality financial institution.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">Substantially all of the Company&#8217;s accounts receivable is 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 receivable are fully collectable. Accordingly, no allowance for doubtful accounts has been provided&#160;at December 31, 2014 and 2013. The Company also has a 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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
87050 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
67500 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
215000 USD
CY2013 rei Stock Issued During Period Value Stock Options Cashless Exercised
StockIssuedDuringPeriodValueStockOptionsCashlessExercised
0 USD
CY2014 rei Stock Issued During Period Value Stock Options Cashless Exercised
StockIssuedDuringPeriodValueStockOptionsCashlessExercised
0 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
26199711 USD
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
13531760 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Use of Estimates</font></i></b> <font style="FONT-SIZE: 10pt">&#150; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. 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 future results of operation.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q3 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The annual interest rate on each Base Rate Loan is (a) the greatest of (i) the Administrative Agents prime lending rate, (ii) the federal funds rate plus 0.5% per annum or the (iii) adjusted LIBOR determined on a daily basis for an interest period of one-month, plus 1.00% per annum, plus (b) a margin between 2.75% and 6.00% (depending on the then-current level of borrowing base usage).
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8073176 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16376911 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24739795 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1150490 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8073176 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16376911 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25890285 shares
CY2014Q4 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
8372235 USD
CY2012 us-gaap Depreciation
Depreciation
32730 USD
CY2013 us-gaap Depreciation
Depreciation
60614 USD
CY2014 us-gaap Depreciation
Depreciation
127257 USD
CY2014Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
6805563 USD
CY2014Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
294772 USD
CY2014Q4 rei Oil And Gas Properties Net
OilAndGasPropertiesNet
6510791 USD
CY2014Q3 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
The credit facility contains certain covenants, which, among other things, require the maintenance of (i)a total leverage ratio of not more than 4.0 to 1.0 and (ii)a minimum current ratio of 1.0 to 1.0. The Credit Facility also contains other customary affirmative and negative covenants and events of default. As of December 31, 2014, the Company was in compliance with all covenants.
CY2012 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
474056 USD
CY2013 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
2223477 USD
CY2014 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
11680537 USD
CY2014Q1 rei Varied Working Interests Percentage Minimum
VariedWorkingInterestsPercentageMinimum
0.81 pure
CY2012 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
23.45
CY2013 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
19.74
CY2014 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
25.20
CY2014Q1 rei Varied Working Interests Percentage Maximum
VariedWorkingInterestsPercentageMaximum
0.93 pure
CY2014Q1 rei Net Revenue Interests Percentage Minimum
NetRevenueInterestsPercentageMinimum
0.61 pure
CY2014Q1 rei Net Revenue Interests Percentage Maximum
NetRevenueInterestsPercentageMaximum
0.7 pure
CY2014Q1 us-gaap Gas And Oil Area Developed Net
GasAndOilAreaDevelopedNet
907 acre
CY2013Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
58040724 USD
CY2014Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
166036400 USD
CY2013Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
257911 USD
CY2014Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
1209809 USD
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
58298635 USD
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
167246209 USD
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
2880253 USD
CY2014Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
14688047 USD
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
55418382 USD
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
152558162 USD
CY2014Q1 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6510791 USD
CY2014Q1 us-gaap Significant Costs Incurred To Acquire Mineral Interest Of Proved Reserves
SignificantCostsIncurredToAcquireMineralInterestOfProvedReserves
20003 USD
CY2013 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
5192441 USD
CY2014 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
15812995 USD
CY2013 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
29796379 USD
CY2014 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
92182681 USD
CY2013 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
34988820 USD
CY2014 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
107995676 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
274788 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
496286 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
107000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
107000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
107000 USD
CY2012Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000 USD
CY2011Q4 us-gaap Due From Related Parties
DueFromRelatedParties
850000 USD
CY2012Q4 us-gaap Due From Related Parties
DueFromRelatedParties
150000 USD
CY2014 rei Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
575977 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
200593 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
481296 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2022445 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
60544 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
39316 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
465175 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
537335 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
450935 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
66250 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1519695 USD
CY2014 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
2,500-for-1
CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
54229033 USD
CY2013Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3270967 USD
CY2014Q2 rei Stock Issued During Period Sharess Tock Options Cashless Exercised
StockIssuedDuringPeriodSharessTockOptionsCashlessExercised
193 shares
CY2014Q3 rei Stock Issued During Period Sharess Tock Options Cashless Exercised
StockIssuedDuringPeriodSharessTockOptionsCashlessExercised
1000 shares
CY2014Q4 rei Stock Issued During Period Sharess Tock Options Cashless Exercised
StockIssuedDuringPeriodSharessTockOptionsCashlessExercised
5000 shares
CY2013Q1 rei Stock Options Exercise Per Share
StockOptionsExercisePerShare
6.10
CY2014Q1 rei Stock Options Exercise Per Share
StockOptionsExercisePerShare
14.55
CY2014Q3 rei Stock Options Exercise Per Share
StockOptionsExercisePerShare
18.96
CY2014Q4 rei Stock Options Exercise Per Share
StockOptionsExercisePerShare
16.58
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2684500 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y11M26D
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
728000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2136500 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.2 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5053443 USD
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
15780775 USD
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5299000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
10.50
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
149000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2159330 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-669666 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-127333 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4303121 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1098 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
4450 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
4465 USD
CY2012 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0 USD
CY2013 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0 USD
CY2014 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
595322 USD
CY2012 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
406946 USD
CY2013 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
213431 USD
CY2014 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
396061 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-93950 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-17864 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
127414 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
55248 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
5017 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
9009106 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
25683495 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1682601 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
2253286 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6622854 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18490819 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
8305455 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
20744105 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
328003 USD
CY2013Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
1151597 USD
CY2014Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
5970452 USD
CY2012Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
342522 USD
CY2013Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
1291579 USD
CY2014Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
11204238 USD
CY2012Q3 us-gaap Oil And Gas Revenue
OilAndGasRevenue
374739 USD
CY2013Q3 us-gaap Oil And Gas Revenue
OilAndGasRevenue
2820731 USD
CY2014Q3 us-gaap Oil And Gas Revenue
OilAndGasRevenue
10929771 USD
CY2012Q4 us-gaap Oil And Gas Revenue
OilAndGasRevenue
712180 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2013Q4 us-gaap Oil And Gas Revenue
OilAndGasRevenue
5051794 USD
CY2014Q4 us-gaap Oil And Gas Revenue
OilAndGasRevenue
9984982 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-589127 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-965280 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1804352 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-488086 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-890393 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4459373 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-652933 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-143735 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2724204 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-301701 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1610084 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3582346 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-630274 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-965280 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
1163689 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-541377 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-890393 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
2821738 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-631453 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-131493 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1726469 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
133821 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1534957 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
2708604 USD
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2014 rei Operating Loss Carry Forwards Expiration Ending Year
OperatingLossCarryForwardsExpirationEndingYear
2033
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
10000000 USD
CY2014 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-10-30
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
703651 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4939390 USD
CY2012 rei Effect Of Offset From Kansas Property Acquisition
EffectOfOffsetFromKansasPropertyAcquisition
406946 USD
CY2013 rei Effect Of Offset From Kansas Property Acquisition
EffectOfOffsetFromKansasPropertyAcquisition
0 USD
CY2014 rei Effect Of Offset From Kansas Property Acquisition
EffectOfOffsetFromKansasPropertyAcquisition
0 USD
CY2014Q4 rei Company Had Net Operating Loss Carry Forwards For Federal Income Tax Reporting Purposes Of Approximately In Millions
CompanyHadNetOperatingLossCarryForwardsForFederalIncomeTaxReportingPurposesOfApproximatelyInMillions
54400000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-2031847 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-389324 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
12570275 USD
CY2014 rei Operating Loss Carry Forwards Expiration Starting Year
OperatingLossCarryForwardsExpirationStartingYear
2027

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