$REI
RING ENERGY, INC.

2017 Q4 Form 10-K Financial Statement

#000114420419011298 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $23.31M $9.831M $7.823M
YoY Change 137.1% 33.53% -9.35%
Cost Of Revenue $6.590M $3.320M $2.720M
YoY Change 98.49% -0.3% -18.32%
Gross Profit $16.72M $6.510M $5.100M
YoY Change 156.84% 61.14% -3.77%
Gross Profit Margin 71.73% 66.22% 65.2%
Selling, General & Admin $2.940M $2.000M $1.880M
YoY Change 47.0% -9.91% -6.0%
% of Gross Profit 17.58% 30.72% 36.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.090M $2.940M $71.67K
YoY Change 141.16% -19.45% -10.19%
% of Gross Profit 42.4% 45.16% 1.41%
Operating Expenses $10.17M $5.070M $4.570M
YoY Change 100.59% -15.92% -32.5%
Operating Profit $6.551M $1.438M -$9.121M
YoY Change 355.53% -112.71% 519.01%
Interest Expense -$4.110M -$80.00K $95.86K
YoY Change 5037.5% -75.0% -72.67%
% of Operating Profit -62.74% -5.56%
Other Income/Expense, Net -$89.45K
YoY Change -74.36%
Pretax Income $2.440M $1.360M -$9.211M
YoY Change 79.41% -111.69% 405.41%
Income Tax $0.00 $1.840M -$3.267M
% Of Pretax Income 0.0% 135.29%
Net Earnings -$4.510M -$477.0K -$5.944M
YoY Change 845.47% -93.62% 422.21%
Net Earnings / Revenue -19.35% -4.85% -75.99%
Basic Earnings Per Share -$0.08 -$0.01 -$0.14
Diluted Earnings Per Share -$0.08 -$0.01 -$0.14
COMMON SHARES
Basic Shares Outstanding 54.15M shares 41.92M shares
Diluted Shares Outstanding 41.92M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $71.10M $2.200M
YoY Change -78.9% 1515.91% -29.03%
Cash & Equivalents $3.364M $15.01M $2.249M
Short-Term Investments
Other Short-Term Assets $200.0K $200.0K $300.0K
YoY Change 0.0% 100.0% 0.0%
Inventory
Prepaid Expenses $229.4K $226.8K
Receivables $12.83M $3.453M $3.000M
Other Receivables $1.100M $400.0K $600.0K
Total Short-Term Assets $29.12M $75.22M $6.200M
YoY Change -61.28% 763.17% -29.55%
LONG-TERM ASSETS
Property, Plant & Equipment $373.6M $211.9M $198.8M
YoY Change 76.3% -12.16% -17.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.40M $20.50M $22.40M
YoY Change -44.39% 2177.78% 3100.0%
Total Long-Term Assets $385.0M $232.4M $221.1M
YoY Change 65.67% -4.04% -9.05%
TOTAL ASSETS
Total Short-Term Assets $29.12M $75.22M $6.200M
Total Long-Term Assets $385.0M $232.4M $221.1M
Total Assets $414.1M $307.6M $227.3M
YoY Change 34.62% 22.61% -9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.48M $9.099M $7.400M
YoY Change 388.77% -17.45% -1.33%
Accrued Expenses $0.00 $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 $48.44M $9.099M $7.400M
YoY Change 432.38% -19.71% -1.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $9.100M $8.000M $8.000M
YoY Change 13.75% 8.11% 26.98%
Total Long-Term Liabilities $9.100M $8.000M $8.000M
YoY Change 13.75% -84.99% -83.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.44M $9.099M $7.400M
Total Long-Term Liabilities $9.100M $8.000M $8.000M
Total Liabilities $57.50M $17.06M $15.40M
YoY Change 237.11% -73.61% -73.81%
SHAREHOLDERS EQUITY
Retained Earnings -$41.36M -$44.71M -$44.23M
YoY Change -7.49% 532.49%
Common Stock $54.22K $49.11K $41.92K
YoY Change 10.41% 61.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $356.6M $290.5M $211.9M
YoY Change
Total Liabilities & Shareholders Equity $414.1M $307.6M $227.3M
YoY Change 34.62% 22.61% -9.75%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$4.510M -$477.0K -$5.944M
YoY Change 845.47% -93.62% 422.21%
Depreciation, Depletion And Amortization $7.090M $2.940M $71.67K
YoY Change 141.16% -19.45% -10.19%
Cash From Operating Activities $14.51M $6.310M $7.870M
YoY Change 129.95% -7.48% 43.09%
INVESTING ACTIVITIES
Capital Expenditures -$40.29M -$15.99M -$13.93M
YoY Change 151.97% 49.58% 52.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$40.29M -$15.99M -$13.93M
YoY Change 151.97% 52.29% 49.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K 78.50M -10.00K
YoY Change -100.09% 1470.0% -100.84%
NET CHANGE
Cash From Operating Activities 14.51M 6.310M 7.870M
Cash From Investing Activities -40.29M -15.99M -13.93M
Cash From Financing Activities -70.00K 78.50M -10.00K
Net Change In Cash -25.85M 68.82M -6.070M
YoY Change -137.56% 5113.64% 129.06%
FREE CASH FLOW
Cash From Operating Activities $14.51M $6.310M $7.870M
Capital Expenditures -$40.29M -$15.99M -$13.93M
Free Cash Flow $54.80M $22.30M $21.80M
YoY Change 145.74% 27.36% 48.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
54224
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10935120
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9397559
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-23833480
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-25516087
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-9121201
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1438007
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-15275044
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-15941500
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-5944137
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-477006
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 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
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2502852
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2621612
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4292081
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6550596
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1279281
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
1910763
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9615030
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
3073760
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-4509935
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-9986770
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
5665634
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
828973
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-453217
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
15055
CY2018 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
0
CY2017 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-58766
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
4719806
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
5693628
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-7079308
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3445721
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10416171
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19987585
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3445721
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10416171
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19987585
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2613551
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4194556
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-19592592
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3197
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
6158
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2558
CY2016 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
167526
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
0
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
124200
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-580132
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
0
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
-350059
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
0
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
6953299
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
33888806
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
27563290
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3734911
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
6667643
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
37940374
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
32127847
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
41675285
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
38795490
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
7786479
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11232200
CY2018Q4 us-gaap Cash
Cash
3363726
CY2017Q4 us-gaap Cash
Cash
15006581
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12643478
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12833883
CY2018Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
578144
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
1054022
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
258909
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
229438
CY2018Q4 us-gaap Assets Current
AssetsCurrent
16844257
CY2017Q4 us-gaap Assets Current
AssetsCurrent
29123924
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
641121398
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
433591134
CY2018Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1465551
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1884818
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
642586949
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
435475952
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
100576087
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
61864932
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
542010862
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
373611020
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
7786479
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
11232200
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
424061
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
135342
CY2018Q4 us-gaap Assets
Assets
567065659
CY2017Q4 us-gaap Assets
Assets
414102486
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
51910432
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
44475163
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3968286
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
51910432
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
48443449
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
13055797
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9055697
CY2018Q4 us-gaap Liabilities
Liabilities
104466229
CY2017Q4 us-gaap Liabilities
Liabilities
57499146
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
494892093
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
397904769
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32355893
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-41355653
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
462599430
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
356603340
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
567065659
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
414102486
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
39500000
CY2018Q4 rei Company Had Net Operating Loss Carry Forwards For Federal Income Tax Reporting Purposes Of Approximately In Millions
CompanyHadNetOperatingLossCarryForwardsForFederalIncomeTaxReportingPurposesOfApproximatelyInMillions
180700000
CY2018 rei Operating Loss Carry Forwards Expiration Starting Year
OperatingLossCarryForwardsExpirationStartingYear
2027
CY2018 rei Operating Loss Carry Forwards Expiration Ending Year
OperatingLossCarryForwardsExpirationEndingYear
2038
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54224029
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
120065361
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63229710
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54224029
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63229710
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
66699700
CY2016 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
30850248
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
27801989
CY2017 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
15978362
CY2016 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9867800
CY2018 us-gaap Production Tax Expense
ProductionTaxExpense
5631093
CY2017 us-gaap Production Tax Expense
ProductionTaxExpense
3152562
CY2016 us-gaap Production Tax Expense
ProductionTaxExpense
1504620
CY2018 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
39024886
CY2017 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
20517780
CY2016 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
11483314
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
606459
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
567968
CY2016 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
487182
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12867686
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10515887
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8027077
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
100104422
CY2017 us-gaap Costs And Expenses
CostsAndExpenses
50732559
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
87883009
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
19960939
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
15967141
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-57032761
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
97855
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
291083
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
56498
CY2018 us-gaap Interest Expense
InterestExpense
427898
CY2017 us-gaap Interest Expense
InterestExpense
0
CY2016 us-gaap Interest Expense
InterestExpense
649009
CY2018 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
11153702
CY2017 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
119897
CY2016 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
0
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3968287
CY2017 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3968287
CY2016 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7515458
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3797101
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-592511
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12445481
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12170040
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-57625272
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3445721
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10416171
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19987585
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
186231128
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2267053
CY2016 rei Stock Issued During Period Value Stock Options Cashless Exercised
StockIssuedDuringPeriodValueStockOptionsCashlessExercised
0
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
112500
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
139567979
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
290540973
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
1596463
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3685079
CY2017 rei Stock Issued During Period Value Stock Options Cashless Exercised
StockIssuedDuringPeriodValueStockOptionsCashlessExercised
0
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
59026956
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3870934
CY2018 rei Stock Issued During Period Value Stock Options Cashless Exercised
StockIssuedDuringPeriodValueStockOptionsCashlessExercised
0
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
81821138
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0
CY2018 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
11204258
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
539675
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
125325
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
665000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
8999760
CY2017 us-gaap Net Income Loss
NetIncomeLoss
1753869
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-37637687
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
39024886
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
20517780
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
11483314
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
14172309
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
56513016
CY2018 us-gaap Accretion Expense
AccretionExpense
606459
CY2017 us-gaap Accretion Expense
AccretionExpense
567968
CY2016 us-gaap Accretion Expense
AccretionExpense
487182
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
3870934
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
3685079
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
2267053
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-2537837
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-3862827
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
19987585
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-907884
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
49896
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0
CY2018 rei Adjustment To Deferred Tax Asset For Change In Effective Tax Rate
AdjustmentToDeferredTaxAssetForChangeInEffectiveTaxRate
0
CY2017 rei Adjustment To Deferred Tax Asset For Change In Effective Tax Rate
AdjustmentToDeferredTaxAssetForChangeInEffectiveTaxRate
6603240
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3968286
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3968286
CY2016 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-666283
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9980206
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-229324
CY2018 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
318190
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-268080
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-334162
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4435269
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12375772
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2233776
CY2018 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-577824
CY2017 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-766595
CY2016 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-240606
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70357321
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42806204
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11214397
CY2018 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
4656484
CY2017 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28682298
CY2016 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
10193927
CY2018 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
198870366
CY2017 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
124680469
CY2016 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
26554171
CY2018 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
0
CY2017 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
335507
CY2016 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0
CY2016 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
9320
CY2018 rei Payments To Acquire Inventory For Development
PaymentsToAcquireInventoryForDevelopment
0
CY2017 rei Payments To Acquire Inventory For Development
PaymentsToAcquireInventoryForDevelopment
4214686
CY2016 rei Payments To Acquire Inventory For Development
PaymentsToAcquireInventoryForDevelopment
1582427
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203421314
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-157912960
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38339845
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
39500000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7000000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
81821138
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
59026956
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
139567979
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
112500
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
52900000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
121421138
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59026956
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93780479
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-11642855
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-56079800
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
66655031
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15006581
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71086381
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4431350
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3363726
CY2018 us-gaap Interest Paid Net
InterestPaidNet
323916
CY2017 us-gaap Interest Paid Net
InterestPaidNet
0
CY2016 us-gaap Interest Paid Net
InterestPaidNet
649010
CY2018 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1311956
CY2017 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1297289
CY2016 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
308509
CY2018 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
2571549
CY2017 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
26000000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23000000
CY2018 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
0
CY2017 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
5797113
CY2016 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
0
CY2018 rei Proceeds From Disposal Of Fixed Assets Subject To Depreciation
ProceedsFromDisposalOfFixedAssetsSubjectToDepreciation
105536
CY2017 rei Proceeds From Disposal Of Fixed Assets Subject To Depreciation
ProceedsFromDisposalOfFixedAssetsSubjectToDepreciation
0
CY2016 rei Proceeds From Disposal Of Fixed Assets Subject To Depreciation
ProceedsFromDisposalOfFixedAssetsSubjectToDepreciation
0
CY2018 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
11204258
CY2017 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0
CY2016 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60000
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
45000000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt;;font-weight:bold;display:inline;">Use of Estimates</div></div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> &#8211; 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.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of Credit Risk and Accounts Receivable</div></div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> &#8211; 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 $14,756,581 and $3,281,893 at December 31, 2017 and 2018, respectively. The Company places its cash with a high credit quality financial institution.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin: 0in 0px 0.0001pt 0in; text-align: justify; font-family: &quot;times new roman&quot;, serif; font-size: 10pt;">Substantially all of the Company&#8217;s accounts receivable is from purchasers of oil and natural gas. Oil and natural 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, 2018 and 2017. 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.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
38810864
CY2017 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
20197690
CY2016 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
11179858
CY2018 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
17.38
CY2017 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
13.92
CY2016 rei Depletion Rate Per Barrel Of Oil Equivalents
DepletionRatePerBarrelOfOilEquivalents
12.73
CY2017Q4 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
14756581
CY2018Q4 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
3281893
CY2018 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
14172309
CY2016 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
56513016
CY2018 us-gaap Depreciation
Depreciation
214022
CY2017 us-gaap Depreciation
Depreciation
320090
CY2016 us-gaap Depreciation
Depreciation
303456
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
846000
CY2018 rei Natural Gas Revenue
NaturalGasRevenue
3386986
CY2017 rei Natural Gas Revenue
NaturalGasRevenue
2463210
CY2016 rei Natural Gas Revenue
NaturalGasRevenue
2251108
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59531200
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51383008
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38710626
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60848177
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52806712
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38710626
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.97
CY2018 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
218614613
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.97
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2751000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y11M16D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2323900
CY2018Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
641121398
CY2017Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
433591134
CY2018Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
1465551
CY2017Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
1884818
CY2018Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
642586949
CY2017Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
435475952
CY2018Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
100576087
CY2017Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
61698044
CY2018Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
542010862
CY2017Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
373777908
CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
18432291
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
28682298
CY2018 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
200182322
CY2017 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
125977758
CY2017 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
154660056
CY2017Q3 rei Number Of Barrels Per Day
NumberOfBarrelsPerDay
1000
CY2018Q4 rei Payments For Termination Of Derivative Contracts
PaymentsForTerminationOfDerivativeContracts
3438300
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
677120
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.2
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1650573
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1993800
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1993800
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
5.08
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1470230
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1744047
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
65089
CY2016 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
25900
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
25734
CY2016 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
166
CY2018 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&#8217;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).
CY2018 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.
CY2018 rei Leverage Ratio Total
LeverageRatioTotal
4.0 to 1.0
CY2018 rei Minimum Leverage Ratio Current
MinimumLeverageRatioCurrent
1.0 to 1.0
CY2015Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
7401950
CY2016 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
308509
CY2016 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
240606
CY2016Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
7957035
CY2017 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1297289
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
766595
CY2018 rei Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
2571549
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1311956
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
577824
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
87960
CY2016 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
1800
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.41
CY2016Q4 us-gaap Share Price
SharePrice
6.93
CY2017 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
165400
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
133308
CY2017 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
32092
CY2017 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
435785
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.63
CY2017Q4 us-gaap Share Price
SharePrice
13.18
CY2018 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
193000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
153113
CY2018 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
39887
CY2018 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
470750
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.96
CY2018Q4 us-gaap Share Price
SharePrice
10.58
CY2017 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
63230
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2018 rei Oil Revenue
OilRevenue
116678375
CY2017 rei Oil Revenue
OilRevenue
64236490
CY2016 rei Oil Revenue
OilRevenue
28599140
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
13775807
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
2571549
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
11204258
CY2018Q4 us-gaap Gas And Oil Area Developed Gross
GasAndOilAreaDevelopedGross
4854
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
23321
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0
CY2018Q4 us-gaap Gas And Oil Area Developed Net
GasAndOilAreaDevelopedNet
4788
CY2019Q1 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P5Y
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Entity Registrant Name
EntityRegistrantName
RING ENERGY, INC.
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0001384195
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2018Q2 dei Entity Public Float
EntityPublicFloat
715824081
CY2018 dei Trading Symbol
TradingSymbol
REI
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
63229710
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
false

Files In Submission

Name View Source Status
0001144204-19-011298-index-headers.html Edgar Link pending
0001144204-19-011298-index.html Edgar Link pending
0001144204-19-011298.txt Edgar Link pending
0001144204-19-011298-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
logo.jpg Edgar Link pending
logo2.jpg Edgar Link pending
logo3.jpg Edgar Link pending
logo4.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rei-20181231.xml Edgar Link completed
rei-20181231.xsd Edgar Link pending
rei-20181231_cal.xml Edgar Link unprocessable
rei-20181231_def.xml Edgar Link unprocessable
rei-20181231_lab.xml Edgar Link unprocessable
rei-20181231_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending
sig.jpg Edgar Link pending
sig2.jpg Edgar Link pending
tv513989_10k.htm Edgar Link pending
tv513989_ex23-1.htm Edgar Link pending
tv513989_ex23-2.htm Edgar Link pending
tv513989_ex23-3.htm Edgar Link pending
tv513989_ex31-1.htm Edgar Link pending
tv513989_ex31-2.htm Edgar Link pending
tv513989_ex32-1.htm Edgar Link pending
tv513989_ex32-2.htm Edgar Link pending
tv513989_ex99-1.htm Edgar Link pending
tv513989_img01.jpg Edgar Link pending
tv513989_img02.jpg Edgar Link pending