$REI
Ring Energy Inc Stock $rei

$rei Overview Financials Valuation SEC Filings Company Website

2016 Form 10-K Financial Statement

#000114420417014740 Filed on March 15, 2017

Income Statement

Concept	2016	2015 Q4	2015 Q1
Revenue	$30.85M	$7.362M	$6.046M
YoY Change	-0.53%	-26.27%	1.26%
Cost Of Revenue	$9.868M	$3.330M	$2.140M
YoY Change	-13.64%	47.35%	103.81%
Gross Profit	$20.98M	$4.040M	$3.900M
YoY Change	7.12%	-47.74%	-20.73%
Gross Profit Margin	68.01%	54.87%	64.51%
Selling, General & Admin	$8.027M	$2.220M	$1.730M
YoY Change	0.4%	24.02%	10.9%
% of Gross Profit	38.26%	54.95%	44.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$303.5K	$3.650M	$53.76K
YoY Change	5.99%	58.01%	147.88%
% of Gross Profit	1.45%	90.35%	1.38%
Operating Expenses	$20.00M	$6.030M	$5.460M
YoY Change	-15.23%	45.65%	75.0%
Operating Profit	-$57.03M	-$11.31M	-$1.549M
YoY Change	328.36%	-415.75%	-185.87%
Interest Expense	$649.0K	-$320.0K	$0.00
YoY Change	-13.37%	-3300.0%	-100.0%
% of Operating Profit
Other Income/Expense, Net	-$592.5K		$780.00
YoY Change	-20.16%
Pretax Income	-$57.63M	-$11.63M	-$1.549M
YoY Change	309.96%	-423.96%	-183.84%
Income Tax	-$19.99M	-$4.150M	-$573.0K
% Of Pretax Income
Net Earnings	-$37.64M	-$7.473M	-$975.6K
YoY Change	315.76%	-375.9%	-183.84%
Net Earnings / Revenue	-122.0%	-101.5%	-16.14%
Basic Earnings Per Share	-$0.97	-$0.25	-$0.04
Diluted Earnings Per Share	-$0.97	-$0.25	-$0.04
COMMON SHARES
Basic Shares Outstanding	38.71M		25.75M shares
Diluted Shares Outstanding	38.71M		25.75M shares

Balance Sheet

Concept	2016	2015 Q4	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$71.09M	$4.400M	$2.900M
YoY Change	1504.17%	-48.84%	-92.31%
Cash & Equivalents		$4.431M	$2.850M
Short-Term Investments
Other Short-Term Assets	$226.8K	$100.0K	$100.0K
YoY Change	55.24%	-50.0%
Inventory
Prepaid Expenses		$146.1K
Receivables	$3.453M	$2.508M	$2.900M
Other Receivables	$454.5K	$1.600M	$3.000M
Total Short-Term Assets	$75.22M	$8.714M	$8.900M
YoY Change	763.17%	-42.22%	-78.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$211.9M	$241.3M	$158.7M
YoY Change	-12.16%	58.15%	107.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$20.46M	$900.0K
YoY Change	2211.03%
Total Long-Term Assets	$232.4M	$242.2M	$158.7M
YoY Change	-4.04%	58.73%	107.45%
TOTAL ASSETS
Total Short-Term Assets	$75.22M	$8.714M	$8.900M
Total Long-Term Assets	$232.4M	$242.2M	$158.7M
Total Assets	$307.6M	$250.9M	$167.6M
YoY Change	22.61%	49.64%	43.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.099M	$11.02M	$6.900M
YoY Change	-17.45%	-32.13%	-5.48%
Accrued Expenses	$0.00	$300.0K	$0.00
YoY Change	-100.0%		-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	$9.099M	$11.33M	$6.900M
YoY Change	-19.71%	-30.31%	-28.87%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$45.90M	$10.00M
YoY Change	-100.0%
Other Long-Term Liabilities	$7.957M	$7.400M	$4.000M
YoY Change	7.5%	89.74%	122.22%
Total Long-Term Liabilities	$7.957M	$53.30M	$14.00M
YoY Change	-85.07%	1266.67%	677.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.099M	$11.33M	$6.900M
Total Long-Term Liabilities	$7.957M	$53.30M	$14.00M
Total Liabilities	$17.06M	$64.64M	$25.30M
YoY Change	-73.61%	157.52%	96.12%
SHAREHOLDERS EQUITY
Retained Earnings		-$7.068M
YoY Change		-456.18%
Common Stock		$30.39K
YoY Change		18.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$290.5M	$186.2M	$142.3M
YoY Change
Total Liabilities & Shareholders Equity	$307.6M	$250.9M	$167.6M
YoY Change	22.61%	49.64%	43.0%

Cashflow Statement

Concept	2016	2015 Q4	2015 Q1
OPERATING ACTIVITIES
Net Income	-$37.64M	-$7.473M	-$975.6K
YoY Change	315.76%	-375.9%	-183.84%
Depreciation, Depletion And Amortization	$303.5K	$3.650M	$53.76K
YoY Change	5.99%	58.01%	147.88%
Cash From Operating Activities	$11.21M	$6.820M	-$6.050M
YoY Change	19.33%	-41.81%	-180.35%
INVESTING ACTIVITIES
Capital Expenditures	-$38.34M	-$10.69M	-$9.790M
YoY Change	-65.04%	-66.79%	-55.7%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$38.34M	-$10.50M	-$9.790M
YoY Change	-65.04%	-67.35%	-55.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$139.6M
YoY Change	178.91%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	93.78M	5.000M	10.06M
YoY Change	-2.39%	-50100.0%	-25250.0%
NET CHANGE
Cash From Operating Activities	11.21M	6.820M	-6.050M
Cash From Investing Activities	-38.34M	-10.50M	-9.790M
Cash From Financing Activities	93.78M	5.000M	10.06M
Net Change In Cash	66.66M	1.320M	-5.780M
YoY Change	-1690.48%	-106.45%	-60.44%
FREE CASH FLOW
Cash From Operating Activities	$11.21M	$6.820M	-$6.050M
Capital Expenditures	-$38.34M	-$10.69M	-$9.790M
Free Cash Flow	$49.55M	$17.51M	$3.740M
YoY Change	-58.38%	-60.12%	-87.38%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	211918551	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	241266527	USD
CY2016Q4	us-gaap	Assets Assets	307597399	USD
CY2015Q4	us-gaap	Assets Assets	250866245	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	9099391	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	11023269	USD
CY2016	us-gaap	Oil And Gas Revenue OilAndGasRevenue	30850248	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	41347152	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	49113	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	30392	USD
CY2016Q4	us-gaap	Cash Cash	71086381	USD
CY2015Q4	us-gaap	Cash Cash	4431350	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3453238	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2507858	USD
CY2016Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	454461	USD
CY2015Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	1629165	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	290540973	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	186231128	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	307597399	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	250866245	USD
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	20051908	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	0	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	309898	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	9099391	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	11333167	USD
CY2016Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	7957035	USD
CY2015Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	7401950	USD
CY2016Q4	us-gaap	Liabilities Liabilities	17056426	USD
CY2015Q4	us-gaap	Liabilities Liabilities	64635117	USD
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	335197845	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	193269034	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-44705985	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-7068298	USD
CY2014	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	25519168	USD
CY2015	us-gaap	Investment Income Interest InvestmentIncomeInterest	6984	USD
CY2014	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	85964	USD
CY2015	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-742150	USD
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	12656239	USD
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-14056484	USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4235739	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-5003713	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	8420500	USD
CY2015Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	269590374	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	253265703	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	271130365	USD
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CY2015Q4	us-gaap	Assets Current AssetsCurrent	8714491	USD
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CY2016Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1549311	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1539991	USD
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CY2015Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	64323	USD
CY2016	us-gaap	Cost Of Goods Sold Depreciation Depletion And Amortization CostOfGoodsSoldDepreciationDepletionAndAmortization	11483314	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8027077	USD
CY2016	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	87883009	USD
CY2016	us-gaap	Investment Income Interest InvestmentIncomeInterest	56498	USD
CY2016	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-592511	USD
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-57625272	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-19987585	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-37637687	USD
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.97
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.97
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	-57032761	USD
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CY2014	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	4993166	USD
CY2015	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	9958380	USD
CY2014	us-gaap	Production Tax Expense ProductionTaxExpense	1760206	USD
CY2015	us-gaap	Production Tax Expense ProductionTaxExpense	1468073	USD
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CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.32
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	12570275	USD
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CY2016Q4	us-gaap	Assets Current AssetsCurrent	75220915	USD
CY2016Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	250133965	USD
CY2015	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-4929884	USD
CY2014	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	15054649	USD
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CY2014	us-gaap	Accretion Expense AccretionExpense	154973	USD
CY2015	us-gaap	Accretion Expense AccretionExpense	418384	USD
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	2517211	USD
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	2566716	USD
CY2014	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	94549	USD
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CY2016	us-gaap	Production Tax Expense ProductionTaxExpense	1504620	USD
CY2016	us-gaap	Interest Expense InterestExpense	649009	USD
CY2015	us-gaap	Interest Expense InterestExpense	749134	USD
CY2014	us-gaap	Interest Expense InterestExpense	0	USD
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CY2015	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	9312203	USD
CY2014	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
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CY2016	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	56513016	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-229324	USD
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CY2016	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	139567979	USD
CY2014	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	28514686	USD
CY2015	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	50039853	USD
CY2014	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	87050	USD
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CY2015	rei	Stock Issued During Period Value Stock Options Cashless Exercised StockIssuedDuringPeriodValueStockOptionsCashlessExercised	0	USD
CY2016	rei	Stock Issued During Period Value Stock Options Cashless Exercised StockIssuedDuringPeriodValueStockOptionsCashlessExercised	0	USD
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CY2014	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	90160236	USD
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CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	28729686	USD
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CY2016	us-gaap	Accretion Expense AccretionExpense	487182	USD
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	2267053	USD
CY2016	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	19987585	USD
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2233776	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	11214397	USD
CY2016	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	10193927	USD
CY2016	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	26554171	USD
CY2016	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	9320	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-38339845	USD
CY2016	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	112500	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	93780479	USD
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	66655031	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	71086381	USD
CY2016	us-gaap	Interest Paid Net InterestPaidNet	649010	USD
CY2016	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	0	USD
CY2015	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	50039853	USD
CY2014	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	28514686	USD
CY2016	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	139567979	USD
CY2016	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	11179858	USD
CY2016Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	70836381	USD
CY2015	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	14889487	USD
CY2014	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	11680537	USD
CY2015	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	9312203	USD
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38710626	shares
CY2016	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38710626	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24739795	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28176924	shares
CY2014	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	1150490	shares
CY2015	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25890285	shares
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28176924	shares
CY2015Q2	us-gaap	Gas And Oil Area Developed Net GasAndOilAreaDevelopedNet	19679	acre
CY2015Q2	us-gaap	Gas And Oil Area Developed Gross GasAndOilAreaDevelopedGross	19983	acre
CY2015Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	75000000	USD
CY2015Q2	us-gaap	Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1 NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1	286563	USD
CY2015Q2	us-gaap	Noncash Or Part Noncash Acquisition Payables Assumed1 NoncashOrPartNoncashAcquisitionPayablesAssumed1	742332	USD
CY2015	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	129896	USD
CY2016Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets	78361634	USD
CY2016Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables	400629	USD
CY2016Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable	1562147	USD
CY2016Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther	3361634	USD
CY2016Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	73838482	USD
CY2015	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	37253437	USD
CY2015	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.32
CY2014	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.34
CY2015	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.32
CY2014	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.33
CY2015	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-9097288	USD
CY2014	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	18186433	USD
CY2016Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	250133965	USD
CY2015Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	269590374	USD
CY2016Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	253265703	USD
CY2015Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	271130365	USD
CY2016Q4	us-gaap	Capitalized Costs Support Equipment And Facilities CapitalizedCostsSupportEquipmentAndFacilities	1549311	USD
CY2015Q4	us-gaap	Capitalized Costs Support Equipment And Facilities CapitalizedCostsSupportEquipmentAndFacilities	1539991	USD
CY2016Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	41347152	USD
CY2015Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	29863838	USD
CY2016Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	211918551	USD
CY2015Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	241266527	USD
CY2016	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	10193927	USD
CY2015	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	81264187	USD
CY2016	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	26862680	USD
CY2015	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	31601990	USD
CY2016	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	37056607	USD
CY2015	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	112866177	USD
CY2016	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	308509	USD
CY2015	rei	Asset Retirement Obligation Liabilities Acquired AssetRetirementObligationLiabilitiesAcquired	3361634	USD
CY2016	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	240606	USD
CY2014	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	2022445	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	24398458	USD
CY2015Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	21396263	USD
CY2015	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	171635	USD
CY2014	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	39316	USD
CY2015	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	446192	USD
CY2014	rei	Asset Retirement Obligation Liabilities Acquired AssetRetirementObligationLiabilitiesAcquired	575977	USD
CY2014Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	3896489	USD
CY2015	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-141510	USD
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	26329288	USD
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	3066518	USD
CY2016Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits	3814909	USD
CY2016Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	20051908	USD
CY2015Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	24462781	USD
CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	30144197	USD
CY2016Q4	rei	Company Had Net Operating Loss Carry Forwards For Federal Income Tax Reporting Purposes Of Approximately In Millions CompanyHadNetOperatingLossCarryForwardsForFederalIncomeTaxReportingPurposesOfApproximatelyInMillions	77400000	USD
CY2016	rei	Operating Loss Carry Forwards Expiration Starting Year OperatingLossCarryForwardsExpirationStartingYear	2027
CY2016	rei	Operating Loss Carry Forwards Expiration Ending Year OperatingLossCarryForwardsExpirationEndingYear	2036
CY2014Q1	us-gaap	Oil And Gas Revenue OilAndGasRevenue	5970452	USD
CY2014Q2	us-gaap	Oil And Gas Revenue OilAndGasRevenue	11204238	USD
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	2860147	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1367150	shares
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage	0.2	pure
CY2016Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	7246547	USD
CY2016	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y9M18D
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	23872914	USD
CY2016Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	15477634	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased	12.99
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	65089	USD
CY2015	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	476642	USD
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	2159330	USD
CY2015	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	60000	USD
CY2014	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	60000	USD
CY2016	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	60000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	552335	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	159300	USD
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-19987585	USD
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-5003713	USD
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	4235739	USD
CY2016	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-19592592	USD
CY2015	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-4779205	USD
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	4303121	USD
CY2016	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	2558	USD
CY2015	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	6599	USD
CY2014	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	4465	USD
CY2016	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	15055	USD
CY2015	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-89597	USD
CY2014	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-595322	USD
CY2016	us-gaap	Income Tax Reconciliation Tax Settlements IncomeTaxReconciliationTaxSettlements	167526	USD
CY2015	us-gaap	Income Tax Reconciliation Tax Settlements IncomeTaxReconciliationTaxSettlements	0	USD
CY2014	us-gaap	Income Tax Reconciliation Tax Settlements IncomeTaxReconciliationTaxSettlements	396061	USD
CY2016	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-580131	USD
CY2014	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	127414	USD
CY2016	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	0	USD
CY2015	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	0	USD
CY2014	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	0	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	10092289	USD
CY2014Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	10929771	USD
CY2014Q4	us-gaap	Oil And Gas Revenue OilAndGasRevenue	9984982	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1804352	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	4459373	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	2724204	USD
CY2014Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	3582346	USD
CY2015Q1	us-gaap	Oil And Gas Revenue OilAndGasRevenue	6045701	USD
CY2015Q2	us-gaap	Oil And Gas Revenue OilAndGasRevenue	8976790	USD
CY2015Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	8629007	USD
CY2015Q4	us-gaap	Oil And Gas Revenue OilAndGasRevenue	7362394	USD
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.50
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.41
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.14
CY2016Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	7822543	USD
CY2016Q4	us-gaap	Oil And Gas Revenue OilAndGasRevenue	9830709	USD
CY2016	dei	Document Type DocumentType	10-K
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	1163689	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	2821738	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	1726469	USD
CY2014Q4	us-gaap	Net Income Loss NetIncomeLoss	2708604	USD
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2014Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2014Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.11
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2014Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.11
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2014Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.1
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.25
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2015Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.25
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-975624	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	534167	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-1138268	USD
CY2015Q4	us-gaap	Net Income Loss NetIncomeLoss	-7473046	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1549389	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	1019686	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-1473514	USD
CY2015Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-11311117	USD
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.50
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.41
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.14
CY2016Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-15275044	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-15941500	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	-5944137	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	-477006	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-23833480	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-25516087	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-9121201	USD
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	1438007	USD
CY2016Q1	us-gaap	Oil And Gas Revenue OilAndGasRevenue	6092388	USD
CY2016Q2	us-gaap	Oil And Gas Revenue OilAndGasRevenue	7104609	USD
CY2016	dei	Entity Registrant Name EntityRegistrantName	RING ENERGY, INC.
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0001384195
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-12-31
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q2	dei	Entity Public Float EntityPublicFloat	327635570	USD
CY2016	dei	Trading Symbol TradingSymbol	REI
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	49116554	shares
CY2016Q4	rei	Capitalized Costs Of Inventory For Property Development CapitalizedCostsOfInventoryForPropertyDevelopment	1582427	USD
CY2015Q4	rei	Capitalized Costs Of Inventory For Property Development CapitalizedCostsOfInventoryForPropertyDevelopment	0	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	49113063	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	49113063	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	30391942	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	30391942	shares
CY2016	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"></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">Use of Estimates</font></i></strong> <font style="FONT-SIZE: 10pt"> 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 operations.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4	us-gaap	Line Of Credit LineOfCredit	45900000	USD
CY2016	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"> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </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"> 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">4,181,350</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">70,836,381</font> at December 31, 2015 and 2016, respectively. The Company places its cash with a high credit quality financial institution.</font></div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Substantially all of the Company’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 at December 31, 2016 and 2015. 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>
CY2015Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	4181350	USD
CY2016	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	12.73
CY2015	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	20.03
CY2014	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	25.20
CY2016	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	56513016	USD
CY2016	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	7000000	USD
CY2015	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	45900000	USD
CY2014	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2016	us-gaap	Depreciation Depreciation	303456	USD
CY2015	us-gaap	Depreciation Depreciation	286304	USD
CY2014	us-gaap	Depreciation Depreciation	127257	USD
CY2016	rei	Payments To Acquire Inventory For Development PaymentsToAcquireInventoryForDevelopment	1582427	USD
CY2015	rei	Payments To Acquire Inventory For Development PaymentsToAcquireInventoryForDevelopment	0	USD
CY2014	rei	Payments To Acquire Inventory For Development PaymentsToAcquireInventoryForDevelopment	0	USD
CY2016	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	52900000	USD
CY2015	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2014	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	711635	USD
CY2015Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	64323	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2016	us-gaap	Debt Instrument Redemption Description DebtInstrumentRedemptionDescription	The Borrowing Base will be redetermined semi-annually on each May 1 and November 1, beginning November 1, 2015.
CY2016	rei	Minimum Leverage Ratio Current MinimumLeverageRatioCurrent	1.0 to 1.0
CY2016	rei	Leverage Ratio Total LeverageRatioTotal	4.0 to 1.0
CY2013Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1182410	USD
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	1722850	shares
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y11M5D
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3362350	shares
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1501750	shares
CY2016	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 Agent’s 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 3.75% (depending on the then-current level of borrowing base usage).
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P5Y
CY2016	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34	pure
CY2016	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<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: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>Reclassifications </i></b> Certain reclassifications of amounts previously reported have been made to the accompanying financial statements to maintain consistency between periods presented. The reclassifications had no impact on net income (loss) or shareholders’ equity.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-240606	USD
CY2015	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-446192	USD
CY2014	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-39316	USD
CY2016	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	0	USD
CY2015	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	3361634	USD
CY2014	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	575977	USD
CY2016	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	308509	USD
CY2015	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	171635	USD
CY2014	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	2022445	USD

Files In Submission

Name	View Source	Status
0001144204-17-014740-index-headers.html	Edgar Link	pending
0001144204-17-014740-index.html	Edgar Link	pending
0001144204-17-014740.txt	Edgar Link	pending
0001144204-17-014740-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
logo_10k.jpg	Edgar Link	pending
logo_ex23-3.jpg	Edgar Link	pending
pg01img01_ex23-1.jpg	Edgar Link	pending
pg01img01_ex23-2.jpg	Edgar Link	pending
pg01img01_ex99-1.jpg	Edgar Link	pending
pg01img02_ex23-1.jpg	Edgar Link	pending
pg03img01_ex99-1.jpg	Edgar Link	pending
pg22img01_10k.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
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rei-20161231.xml	Edgar Link	completed
rei-20161231.xsd	Edgar Link	pending
rei-20161231_cal.xml	Edgar Link	unprocessable
rei-20161231_def.xml	Edgar Link	unprocessable
rei-20161231_lab.xml	Edgar Link	unprocessable
rei-20161231_pre.xml	Edgar Link	unprocessable
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v461167_10k.htm	Edgar Link	pending
v461167_ex23-1.htm	Edgar Link	pending
v461167_ex23-2.htm	Edgar Link	pending
v461167_ex23-3.htm	Edgar Link	pending
v461167_ex31-1.htm	Edgar Link	pending
v461167_ex31-2.htm	Edgar Link	pending
v461167_ex32-1.htm	Edgar Link	pending
v461167_ex32-2.htm	Edgar Link	pending
v461167_ex99-1.htm	Edgar Link	pending
v461167_ex99-2.htm	Edgar Link	pending

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$REI
Ring Energy Inc Stock $rei

2016 Form 10-K Financial Statement

#000114420417014740 Filed on March 15, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI Ring Energy Inc Stock $rei

2016 Form 10-K Financial Statement

#000114420417014740 Filed on March 15, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI
Ring Energy Inc Stock $rei