$REI
Ring Energy Inc Stock $rei

$rei Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000162828023015268 Filed on May 03, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue	$79.35M	$88.08M	$68.18M
YoY Change	-6.61%	29.19%	72.6%
Cost Of Revenue	$5.681M	-$823.00	$1.297M
YoY Change	934.03%	-100.06%	38.7%
Gross Profit	$73.67M	$88.08M	$66.88M
YoY Change	-12.73%	31.7%	73.42%
Gross Profit Margin	92.84%	100.0%	98.1%
Selling, General & Admin	$22.86M	$24.72M	$14.56M
YoY Change	60.82%	69.76%	27.59%
% of Gross Profit	31.04%	28.06%	21.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.79M	$21.27M	$9.781M
YoY Change	93.44%	117.47%	20.64%
% of Gross Profit	28.23%	24.15%	14.62%
Operating Expenses	$44.01M	$46.35M	$24.53M
YoY Change	74.97%	88.98%	24.43%
Operating Profit	$29.66M	$35.65M	$38.19M
YoY Change	-45.23%	-6.64%	134.78%
Interest Expense	-$7.206M	$10.39M	$3.398M
YoY Change	-319.75%	205.74%	-9.18%
% of Operating Profit	-24.3%	29.14%	8.9%
Other Income/Expense, Net	$116.6K	-$905.8K	-$30.99M
YoY Change	-101.09%	-97.08%	-12.27%
Pretax Income	$22.44M	$34.75M	$7.191M
YoY Change	-48.33%	383.2%	-137.72%
Income Tax	-$6.356M	$2.030M	$78.75K
% Of Pretax Income	-28.33%	5.84%	1.1%
Net Earnings	$28.79M	$32.72M	$7.112M
YoY Change	-31.36%	360.01%	-137.3%
Net Earnings / Revenue	36.28%	37.14%	10.43%
Basic Earnings Per Share	$0.15	$0.18	$0.07
Diluted Earnings Per Share	$0.15	$0.17	$0.06
COMMON SHARES
Basic Shares Outstanding	195.1M shares	180.6M shares	100.2M
Diluted Shares Outstanding	195.9M shares	190.1M shares	124.0M

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.750M	$1.726M	$2.139M
YoY Change	-21.29%	-19.33%	25.8%
Cash & Equivalents	$1.750M	$1.726M	$2.139M
Short-Term Investments
Other Short-Term Assets	$11.37M	$7.927M	$735.1K
YoY Change	149.37%	978.32%	218.37%
Inventory	$7.327M	$8.808M
Prepaid Expenses	$3.061M	$1.572M	$735.1K
Receivables	$32.04M	$37.66M	$35.25M
Other Receivables	$2.618M	$2.341M	$1.285M
Total Short-Term Assets	$55.11M	$58.46M	$39.41M
YoY Change	15.7%	48.35%	59.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.201B	$1.198B	$661.9M
YoY Change	72.95%	80.99%	3.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$26.01M	$23.35M	$1.514M
YoY Change	1132.72%	1442.34%	-31.06%
Total Long-Term Assets	$1.227B	$1.223B	$664.6M
YoY Change	75.87%	84.0%	2.95%
TOTAL ASSETS
Total Short-Term Assets	$55.11M	$58.46M	$39.41M
Total Long-Term Assets	$1.227B	$1.223B	$664.6M
Total Assets	$1.282B	$1.281B	$704.1M
YoY Change	72.03%	82.01%	5.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$90.02M	$100.0M	$54.26M
YoY Change	40.08%	84.35%	31.11%
Accrued Expenses	$394.4K	$404.8K	$296.0K
YoY Change	30.88%	36.76%	-58.88%
Deferred Revenue	$0.00	$0.00
YoY Change
Short-Term Debt	$1.413M	$0.00	$219.0K
YoY Change	57.96%	-100.0%
Long-Term Debt Due	$761.1K	$745.5K	$247.9K
YoY Change	86.99%	200.8%	-12.52%
Total Short-Term Liabilities	$100.9M	$110.4M	$97.76M
YoY Change	2.41%	12.93%	46.05%
LONG-TERM LIABILITIES
Long-Term Debt	$397.8M	$422.9M	$280.3M
YoY Change	46.96%	50.89%	-8.27%
Other Long-Term Liabilities	$40.39M	$38.40M	$16.59M
YoY Change	146.92%	131.51%	-23.59%
Total Long-Term Liabilities	$438.2M	$461.3M	$296.9M
YoY Change	52.65%	55.39%	-9.28%
TOTAL LIABILITIES
Total Short-Term Liabilities	$100.9M	$110.4M	$97.76M
Total Long-Term Liabilities	$438.2M	$461.3M	$296.9M
Total Liabilities	$543.2M	$582.2M	$394.8M
YoY Change	40.27%	47.47%	0.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$52.81M	-$81.60M	-$245.8M
YoY Change	-74.1%	-66.81%	-10.71%
Common Stock	$195.4K	$180.6K	$100.2K
YoY Change	82.17%	80.28%	0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$738.8M	$699.2M	$309.3M
YoY Change
Total Liabilities & Shareholders Equity	$1.282B	$1.281B	$704.1M
YoY Change	72.03%	82.01%	5.03%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	$28.79M	$32.72M	$7.112M
YoY Change	-31.36%	360.01%	-137.3%
Depreciation, Depletion And Amortization	$20.79M	$21.27M	$9.781M
YoY Change	93.44%	117.47%	20.64%
Cash From Operating Activities	$43.37M	$43.68M	$24.44M
YoY Change	6.49%	78.73%	55.79%
INVESTING ACTIVITIES
Capital Expenditures	$36.44M	$37.01M	-$14.23M
YoY Change	-200.51%	-360.08%	16.87%
Acquisitions		$18.51M	$0.00
YoY Change
Other Investing Activities	$8.325M	-$18.46M	$8.500K
YoY Change	5407.14%	-217236.59%	-99.58%
Cash From Investing Activities	-$28.12M	-$55.47M	-$14.22M
YoY Change	-22.13%	290.01%	39.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.22M	$9.803M	-10.49M
YoY Change	235.99%	-193.48%	41.93%
NET CHANGE
Cash From Operating Activities	43.37M	$43.68M	24.44M
Cash From Investing Activities	-28.12M	-$55.47M	-14.22M
Cash From Financing Activities	-15.22M	$9.803M	-10.49M
Net Change In Cash	24.28K	-$1.987M	-269.1K
YoY Change	-71.12%	638.31%	-85.67%
FREE CASH FLOW
Cash From Operating Activities	$43.37M	$43.68M	$24.44M
Capital Expenditures	$36.44M	$37.01M	-$14.23M
Free Cash Flow	$6.923M	$6.667M	$38.67M
YoY Change	-91.01%	-82.76%	38.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001384195
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q4	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#DerivativeAssetsCurrent http://fasb.org/us-gaap/2022#DerivativeAssetsNoncurrent
CY2022Q4	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2022#DerivativeLiabilitiesNoncurrent
CY2023Q1	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#DerivativeAssetsCurrent http://fasb.org/us-gaap/2022#DerivativeAssetsNoncurrent
CY2023Q1	us-gaap	Lessee Finance Lease Term Of Contract1 LesseeFinanceLeaseTermOfContract1	P36M
CY2023Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0594
CY2023Q1	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2022#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2022#DerivativeLiabilitiesNoncurrent
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-36057
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Ring Energy, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-0406406
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	1725 Hughes Landing Blvd.,
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 900
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	The Woodlands
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77380
CY2023Q1	dei	City Area Code CityAreaCode	281
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	397-3699
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.001
CY2023Q1	dei	Trading Symbol TradingSymbol	REI
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-905774	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-30994502	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	34745722	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7190795	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2029943	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	78752	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	661103391	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	3613941	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2023Q1	rei	Share Based Payment Arrangement Values Withheld For Tax Withholding Obligation With Restricted Stock Vested ShareBasedPaymentArrangementValuesWithheldForTaxWithholdingObligationWithRestrictedStockVested	0	usd
CY2023Q1	rei	Adjustment To Additional Paid In Capital Payment To Cover Tax Withholdings Income Tax Effect AdjustmentToAdditionalPaidInCapitalPaymentToCoverTaxWithholdingsIncomeTaxEffect	-134381	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1943696	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	699242426	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	300624207	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1521910	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	309258160	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2023Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	21271671	usd
CY2022Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	9781287	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	365847	usd
CY2022Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	188242	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1220384	usd
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	199274	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1943696	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1521910	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2894	usd
CY2022Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-1972653	usd
CY2022Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-65939	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	9474905	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-27596141	usd
CY2023Q1	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-658525	usd
CY2022Q1	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-14115501	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3428287	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10078098	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-442598	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-529934	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-202885	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-9589898	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2519011	usd
CY2023Q1	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-490319	usd
CY2022Q1	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-553368	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	43680096	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	24439765	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	18511170	usd
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2023Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	59099	usd
CY2022Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	360848	usd
CY2023Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	36939307	usd
CY2022Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	13860249	usd
CY2023Q1	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	14570	usd
CY2022Q1	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	10114	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	0	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	8500	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	54558	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-55469588	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-14222711	usd
CY2023Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	56000000	usd
CY2022Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	10000000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	49000000	usd
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	20000000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3613941	usd
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	134381	usd
CY2022Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2023Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	499880	usd
CY2022Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	367381	usd
CY2023Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	177014	usd
CY2022Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	118778	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	9802666	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10486159	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1986826	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-269105	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3712526	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2408316	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1725700	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2139211	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	9246281	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	3155943	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	95062	usd
CY2022Q1	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	44458	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	83811	usd
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	usd
CY2023Q1	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	1981649	usd
CY2022Q1	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	5522595	usd
CY2023Q1	rei	Business Acquisition Deferred Cash Payment BusinessAcquisitionDeferredCashPayment	15000000	usd
CY2022Q1	rei	Business Acquisition Deferred Cash Payment BusinessAcquisitionDeferredCashPayment	0	usd
CY2023Q1	rei	Business Acquisition Post Close Settlement BusinessAcquisitionPostCloseSettlement	3511170	usd
CY2022Q1	rei	Business Acquisition Post Close Settlement BusinessAcquisitionPostCloseSettlement	0	usd
CY2023Q1	rei	Asset Acquisition Consideration Transferred Total AssetAcquisitionConsiderationTransferredTotal	18511170	usd
CY2022Q1	rei	Asset Acquisition Consideration Transferred Total AssetAcquisitionConsiderationTransferredTotal	0	usd
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period. The Company’s unaudited condensed financial statements are based on a number of significant estimates, including estimates of oil and natural gas reserve quantities, which are the basis for the calculation of depletion and impairment of oil and gas properties. Reserve estimates, by their nature, are inherently imprecise. Actual results could differ from those estimates. Changes in the future estimated oil and natural gas reserves or the estimated future cash flows attributable to the reserves that are utilized for impairment analysis could have a significant impact on the Company’s future results of operations.</span>
CY2022Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023Q1	rei	Finance Lease Imputed Interest Expense FinanceLeaseImputedInterestExpense	123075	usd
CY2023Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Receivables</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and receivables.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cash and cash equivalents - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company has cash in excess of federally insured limits of $1,475,700 and $3,462,526 as of March 31, 2023 and December 31, 2022, respectively. The Company places its cash with a high credit quality financial institution. The Company has not experienced any losses in such accounts and believes it is not exposed to significant credit risk in this area.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts receivable - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Substantially all of the Company’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. During the three months ended March 31, 2023, sales to three customers represented 66%, 13% and 11%, respectively, of total oil, natural gas, and natural gas liquids sales. As of March 31, 2023, sales outstanding from these three customers represented 73%, 10% and 9%, respectively, of accounts receivable. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Production imbalances</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">- </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company accounts for natural gas production imbalances using the sales method, which recognizes revenue on all natural gas sold even though the natural gas volumes sold may be more or less than the Company's ownership entitles it to sell. Liabilities are recorded for imbalances greater than the Company’s proportionate share of remaining estimated natural gas reserves.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded no imbalances as of March 31, 2023 or December 31, 2022.</span></div>Joint interest billing receivable, net - 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. Accounts receivable from joint interest owners or purchasers outstanding longer than the contractual payment terms are considered past due.
CY2023Q1	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	1475700	usd
CY2022Q1	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	3462526	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2894	usd
CY2023Q1	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	2585729	usd
CY2022Q4	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	1226049	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	245141	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	242247	usd
CY2023Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	2340588	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	983802	usd
CY2023Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	20980542	usd
CY2022Q1	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	9624617	usd
CY2023Q1	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	12.74	usd
CY2022Q1	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	12.06	usd
CY2023Q1	us-gaap	Depreciation Depreciation	105101	usd
CY2022Q1	us-gaap	Depreciation Depreciation	40055	usd
CY2023Q1	rei	Notes Payable Current For Obtaining External Insurance NotesPayableCurrentForObtainingExternalInsurance	0	usd
CY2023Q1	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	3432022	usd
CY2023Q1	us-gaap	Lessee Finance Lease Remaining Lease Term LesseeFinanceLeaseRemainingLeaseTerm	P2Y4M9D
CY2023Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	1529249	usd
CY2022Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	0	usd
CY2023Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	57291	usd
CY2022Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	12813	usd
CY2023Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	443403	usd
CY2022Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	65939	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2029943	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	78752	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0584
CY2022Q1	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	0	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	88082912	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	68181032	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1943696	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1521910	usd
CY2023Q1	rei	Oil Revenue OilRevenue	83586327	usd
CY2022Q1	rei	Oil Revenue OilRevenue	63430627	usd
CY2023Q1	rei	Natural Gas Revenue NaturalGasRevenue	1064563	usd
CY2022Q1	rei	Natural Gas Revenue NaturalGasRevenue	4750405	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	355848	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	482328	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	494692	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	398096	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	216000	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	618755	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	758735	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	410706	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	3807	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	0	usd
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0450
CY2023Q1	rei	Operating Lease Imputed Interest Expense OperatingLeaseImputedInterestExpense	172624	usd
CY2023Q1	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P4Y14D
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	404834	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	398362	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1369506	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1473897	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1774340	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	1872259	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1946964	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2065580	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	172624	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	193321	usd
CY2023Q1	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	1774340	usd
CY2022Q4	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	1872259	usd
CY2023Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	745537	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	709653	usd
CY2023Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	923391	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	1052479	usd
CY2023Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	1668928	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	1762132	usd
CY2023Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	1792003	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	1900595	usd
CY2023Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	123075	usd
CY2022Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	138463	usd
CY2023Q1	rei	Finance Lease Liability To Be Paid Net Of Imputed Interest FinanceLeaseLiabilityToBePaidNetOfImputedInterest	1668928	usd
CY2022Q4	rei	Finance Lease Liability To Be Paid Net Of Imputed Interest FinanceLeaseLiabilityToBePaidNetOfImputedInterest	1762132	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	113138	usd
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	83590	usd
CY2023Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1213799	usd
CY2022Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	715803	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	186028	usd
CY2022Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	116615	usd
CY2023Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	25431	usd
CY2022Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	6513	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	32715779	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	7112043	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	177984323	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	100192562	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	190138969	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	124004178	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2023Q1	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	15546579	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	16193327	usd
CY2023Q1	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsCurrent	9191038	usd
CY2022Q4	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsCurrent	11524165	usd
CY2023Q1	rei	Derivative Instruments And Hedges Assets Net Of Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsNetOfDiscountedDeferredPremiumsCurrent	6355541	usd
CY2022Q4	rei	Derivative Instruments And Hedges Assets Net Of Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsNetOfDiscountedDeferredPremiumsCurrent	4669162	usd
CY2023Q1	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	7426584	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges Noncurrent DerivativeInstrumentsAndHedgesNoncurrent	7606258	usd
CY2023Q1	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Noncurrent DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsNoncurrent	751229	usd
CY2022Q4	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Noncurrent DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsNoncurrent	1476848	usd
CY2023Q1	rei	Derivative Instruments And Hedges Assets Net Of Discounted Deferred Premiums Noncurrent DerivativeInstrumentsAndHedgesAssetsNetOfDiscountedDeferredPremiumsNoncurrent	6675355	usd
CY2022Q4	rei	Derivative Instruments And Hedges Assets Net Of Discounted Deferred Premiums Noncurrent DerivativeInstrumentsAndHedgesAssetsNetOfDiscountedDeferredPremiumsNoncurrent	6129410	usd
CY2023Q1	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	8523681	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges Liabilities DerivativeInstrumentsAndHedgesLiabilities	13345619	usd
CY2023Q1	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	7406483	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges Liabilities Noncurrent DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent	10485650	usd
CY2022Q3	rei	Debt Instrument Borrowing Base Utilization Maximum Threshold Percentage DebtInstrumentBorrowingBaseUtilizationMaximumThresholdPercentage	0.80
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	9474905	usd
CY2022Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-27596141	usd
CY2023Q1	rei	Derivative Cost Of Hedge Net Of Cash Paid And Received DerivativeCostOfHedgeNetOfCashPaidAndReceived	-658525	usd
CY2022Q1	rei	Derivative Cost Of Hedge Net Of Cash Paid And Received DerivativeCostOfHedgeNetOfCashPaidAndReceived	-14115501	usd
CY2014Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1000000000	usd
CY2022Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	600000000	usd
CY2022Q3	rei	Debt Instrument Covenant Pro Forma Leverage Ratio Maximum Threshold DebtInstrumentCovenantProFormaLeverageRatioMaximumThreshold	2.00
CY2022Q3	rei	Company Required To Maintaining Rolling Basis CompanyRequiredToMaintainingRollingBasis	P24M
CY2022Q3	rei	Minimum Percentage Of Projected Production To Be Hedged MinimumPercentageOfProjectedProductionToBeHedged	0.50
CY2022Q3	rei	Company Required To Maintaining Rolling Basis CompanyRequiredToMaintainingRollingBasis	P24M
CY2022Q3	rei	Hedge Testing Percentage HedgeTestingPercentage	0
CY2022Q3	rei	Minimum Percentage Of Projected Production To Be Hedged MinimumPercentageOfProjectedProductionToBeHedged	0.50
CY2022Q3	rei	Company Required To Maintaining Rolling Basis CompanyRequiredToMaintainingRollingBasis	P24M
CY2023Q1	us-gaap	Line Of Credit LineOfCredit	422000000	usd
CY2023Q1	us-gaap	Line Of Credit Facility Unused Capacity Commitment Fee Percentage LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage	0.005
CY2023Q1	us-gaap	Line Of Credit Facility Commitment Fee Amount LineOfCreditFacilityCommitmentFeeAmount	177200000	usd
CY2022Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	600000000	usd
CY2023Q1	us-gaap	Line Of Credit LineOfCredit	422000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	30226306	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	95062	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	428357	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	usd
CY2023Q1	us-gaap	Accretion Expense AccretionExpense	365847	usd
CY2023Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	30258858	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	635843	usd
CY2022Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	635843	usd
CY2023Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	29623015	usd
CY2022Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	29590463	usd
CY2023Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	30258858	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	30226306	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	3613941	usd
CY2023Q1	rei	Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses	1943696	usd
CY2022Q1	rei	Compensation Expenses Charged Against Income For Share Based Awards Included In General And Administrative Expenses CompensationExpensesChargedAgainstIncomeForShareBasedAwardsIncludedInGeneralAndAdministrativeExpenses	1521910	usd
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0
CY2023Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0
CY2023Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0
CY2023Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0
CY2023Q1	rei	Surety Bonds Amount Released SuretyBondsAmountReleased	50150	usd
CY2023Q1	rei	Surety Bonds Value SuretyBondsValue	650288	usd

Files In Submission

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0001628280-23-015268-index.html	Edgar Link	pending
0001628280-23-015268.txt	Edgar Link	pending
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rei-20230331_cal.xml	Edgar Link	unprocessable
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rei-20230331_lab.xml	Edgar Link	unprocessable
rei-20230331_pre.xml	Edgar Link	unprocessable
rei-20230331_htm.xml	Edgar Link	completed

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$REI
Ring Energy Inc Stock $rei

2023 Q2 Form 10-Q Financial Statement

#000162828023015268 Filed on May 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI Ring Energy Inc Stock $rei

2023 Q2 Form 10-Q Financial Statement

#000162828023015268 Filed on May 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI
Ring Energy Inc Stock $rei