$REI
RING ENERGY, INC. Stock $rei

$rei Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000162828023036452 Filed on November 02, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2022 Q3
Revenue	$99.94M	$93.68M	$94.41M
YoY Change	0.25%	-0.77%	91.2%
Cost Of Revenue	$7.064M	$6.528M	$5.763M
YoY Change	4.8%	13.27%	448.24%
Gross Profit	$92.88M	$87.15M	$88.65M
YoY Change	-0.08%	-1.68%	83.44%
Gross Profit Margin	92.93%	93.03%	93.9%
Selling, General & Admin	$27.07M	$25.24M	$20.51M
YoY Change	4.64%	23.07%	78.32%
% of Gross Profit	29.15%	28.96%	23.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$24.56M	$21.99M	$14.32M
YoY Change	17.58%	53.51%	53.85%
% of Gross Profit	26.44%	25.23%	16.16%
Operating Expenses	$51.98M	$47.58M	$35.07M
YoY Change	10.31%	35.66%	67.07%
Operating Profit	$40.90M	$39.57M	$53.57M
YoY Change	-10.77%	-26.13%	119.67%
Interest Expense	$17.74M	$11.38M	$7.021M
YoY Change	-161.61%	62.1%	97.7%
% of Operating Profit	43.38%	28.76%	13.11%
Other Income/Expense, Net	$72.73K	-$50.52M	$25.83M
YoY Change		-295.6%	-351.46%
Pretax Income	$58.76M	-$10.95M	$79.40M
YoY Change	244.94%	-113.79%	462.52%
Income Tax	$7.863M	-$3.411M	$4.316M
% Of Pretax Income	13.38%		5.44%
Net Earnings	$50.90M	-$7.539M	$75.09M
YoY Change	251.19%	-110.04%	430.12%
Net Earnings / Revenue	50.93%	-8.05%	79.53%
Basic Earnings Per Share		-$0.04	$0.65
Diluted Earnings Per Share	$0.26	-$0.04	$0.49
COMMON SHARES
Basic Shares Outstanding	195.6M shares	195.4M shares	107.2M
Diluted Shares Outstanding		195.4M shares	151.8M

Balance Sheet

Concept	2023 Q4	2023 Q3	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$296.4K	$138.6K	$890.6K
YoY Change	-92.02%	-84.44%	-56.49%
Cash & Equivalents	$296.4K	$138.6K	$890.6K
Short-Term Investments
Other Short-Term Assets	$8.090M	$3.878M	$16.57M
YoY Change	19.49%	-76.59%	1175.68%
Inventory	$6.137M	$5.549M
Prepaid Expenses	$1.875M	$2.033M
Receivables	$38.97M	$45.76M	$45.86M
Other Receivables	$2.422M	$3.306M	$1.897M
Total Short-Term Assets	$55.91M	$58.63M	$65.22M
YoY Change	-11.49%	-10.11%	157.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.296B	$1.281B	$1.154B
YoY Change	9.82%	10.99%	77.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$24.67M	$20.67M	$30.58M
YoY Change	2.65%	-32.41%	1523.94%
Total Long-Term Assets	$1.321B	$1.305B	$1.186B
YoY Change	9.52%	10.0%	81.56%
TOTAL ASSETS
Total Short-Term Assets	$55.91M	$58.63M	$65.22M
Total Long-Term Assets	$1.321B	$1.305B	$1.186B
Total Assets	$1.376B	$1.363B	$1.251B
YoY Change	8.47%	8.95%	84.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$104.1M	$110.4M	$86.82M
YoY Change	-6.58%	27.15%	91.83%
Accrued Expenses	$568.2K	$503.4K	$306.7K
YoY Change	42.63%	64.13%	14.23%
Deferred Revenue	$0.00	$14.78M
YoY Change	-100.0%
Short-Term Debt	$533.7K	$950.1K	$877.6K
YoY Change	6.77%	8.25%	2.39%
Long-Term Debt Due	$956.3K	$807.0K	$406.9K
YoY Change	34.75%	98.33%	5.45%
Total Short-Term Liabilities	$113.8M	$151.9M	$126.7M
YoY Change	-19.38%	19.85%	48.79%
LONG-TERM LIABILITIES
Long-Term Debt	$425.9M	$428.7M	$435.6M
YoY Change	2.37%	-1.58%	47.45%
Other Long-Term Liabilities	$41.65M	$48.78M	$39.07M
YoY Change	-1.28%	24.86%	75.41%
Total Long-Term Liabilities	$467.6M	$477.5M	$474.6M
YoY Change	2.03%	0.6%	49.41%
TOTAL LIABILITIES
Total Short-Term Liabilities	$113.8M	$151.9M	$126.7M
Total Long-Term Liabilities	$467.6M	$477.5M	$474.6M
Total Liabilities	$589.9M	$629.9M	$607.3M
YoY Change	-2.96%	3.72%	50.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$9.449M	-$60.35M	-$128.8M
YoY Change	-91.73%	-53.15%	-53.51%
Common Stock	$196.8K	$195.4K	$131.6K
YoY Change	12.14%	48.48%	32.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$786.6M	$733.5M	$506.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.376B	$1.363B	$1.251B
YoY Change	8.47%	8.95%	84.39%

Cashflow Statement

Concept	2023 Q4	2023 Q3	2022 Q3
OPERATING ACTIVITIES
Net Income	$50.90M	-$7.539M	$75.09M
YoY Change	251.19%	-110.04%	430.12%
Depreciation, Depletion And Amortization	$24.56M	$21.99M	$14.32M
YoY Change	17.58%	53.51%	53.85%
Cash From Operating Activities	$55.73M	$55.39M	$68.17M
YoY Change	-12.43%	-18.75%	289.28%
INVESTING ACTIVITIES
Capital Expenditures	$40.40M	$41.36M	-$34.66M
YoY Change	-12.3%	-219.33%	174.01%
Acquisitions
YoY Change
Other Investing Activities	-$11.25M	-$45.97M	-$183.4M
YoY Change	-303.33%	-74.93%
Cash From Investing Activities	-$51.66M	-$87.33M	-$218.0M
YoY Change	27.44%	-59.94%	1623.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-3.919M	30.33M	148.5M
YoY Change	-80.68%	-79.58%	-2806.13%
NET CHANGE
Cash From Operating Activities	55.73M	55.39M	68.17M
Cash From Investing Activities	-51.66M	-87.33M	-218.0M
Cash From Financing Activities	-3.919M	30.33M	148.5M
Net Change In Cash	157.8K	-1.611M	-1.333M
YoY Change	-94.41%	20.91%	113.82%
FREE CASH FLOW
Cash From Operating Activities	$55.73M	$55.39M	$68.17M
Capital Expenditures	$40.40M	$41.36M	-$34.66M
Free Cash Flow	$15.33M	$14.04M	$102.8M
YoY Change	-12.76%	-86.35%	240.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14783879	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14807276	usd
CY2023Q3	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	279681	usd
CY2022Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	635843	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	151887815	usd
CY2023Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	195380	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	175530	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	793603238	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	775241114	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-60345091	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-114313253	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	733453527	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	661103391	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1363308942	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1268999797	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	261113283	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	247551855	usd
	rei	Direct Costs Of Lease Operating Expenses DirectCostsOfLeaseOperatingExpenses	51426145	usd
	rei	Direct Costs Of Lease Operating Expenses DirectCostsOfLeaseOperatingExpenses	30283706	usd
	rei	Cost Of Goods And Services Sold Including Payout Adjustments CostOfGoodsAndServicesSoldIncludingPayoutAdjustments	-6985	usd
	rei	Cost Of Goods And Services Sold Including Payout Adjustments CostOfGoodsAndServicesSoldIncludingPayoutAdjustments	1846247	usd
	rei	Ad Valorem Taxes AdValoremTaxes	5120119	usd
	us-gaap	Production Tax Expense ProductionTaxExpense	13173568	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	250770	usd
	us-gaap	Costs And Expenses CostsAndExpenses	101641744	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	104882232	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	145910111	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	160171	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	4	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	11381754	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	7021385	usd
	us-gaap	Interest Expense InterestExpense	32322840	usd
	us-gaap	Interest Expense InterestExpense	13699045	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-26483190	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-2201970	usd
	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	-132109	usd
	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	0	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	126210	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	0	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-58651758	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15901011	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	130009100	usd
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.92
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	661103391	usd
CY2023Q1	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	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
CY2023Q2	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	8687655	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2023Q2	rei	Share Based Payment Arrangement Values Withheld For Tax Withholding Obligation With Restricted Stock Vested ShareBasedPaymentArrangementValuesWithheldForTaxWithholdingObligationWithRestrictedStockVested	0	usd
CY2023Q2	rei	Adjustment To Additional Paid In Capital Payment To Cover Tax Withholdings Income Tax Effect AdjustmentToAdditionalPaidInCapitalPaymentToCoverTaxWithholdingsIncomeTaxEffect	-141682	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2260312	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	28791605	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	738840316	usd
CY2022Q4	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeAssetsNoncurrent
CY2022Q4	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesNoncurrent
CY2023Q3	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeAssetsCurrent http://fasb.org/us-gaap/2023#DerivativeAssetsNoncurrent
CY2023Q3	us-gaap	Derivative Liability Statement Of Financial Position Extensible Enumeration DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#DerivativeLiabilitiesCurrent http://fasb.org/us-gaap/2023#DerivativeLiabilitiesNoncurrent
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	141794901	usd
CY2023Q3	rei	Deferred Income Taxes DeferredIncomeTaxes	497067	usd
CY2022Q4	rei	Deferred Income Taxes DeferredIncomeTaxes	8499016	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	428000000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	415000000	usd
CY2023Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	690456	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	1052479	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2207248	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1473897	usd
CY2023Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	18089847	usd
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	10485650	usd
CY2023Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	28482982	usd
CY2022Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	29590463	usd
CY2023Q3	us-gaap	Liabilities Liabilities	629855415	usd
CY2022Q4	us-gaap	Liabilities Liabilities	607896406	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	175530212	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	175530212	shares
	rei	Ad Valorem Taxes AdValoremTaxes	3100578	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21023956	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	18748427	usd
	us-gaap	Costs And Expenses CostsAndExpenses	156231051	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	46230474	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-7737688	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5866744	usd
	us-gaap	Net Income Loss NetIncomeLoss	53968162	usd
	us-gaap	Net Income Loss NetIncomeLoss	124142356	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.29
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.16
CY2023Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2023Q3	rei	Share Based Payment Arrangement Values Withheld For Tax Withholding Obligation With Restricted Stock Vested ShareBasedPaymentArrangementValuesWithheldForTaxWithholdingObligationWithRestrictedStockVested	0	usd
CY2023Q3	rei	Adjustment To Additional Paid In Capital Payment To Cover Tax Withholdings Income Tax Effect AdjustmentToAdditionalPaidInCapitalPaymentToCoverTaxWithholdingsIncomeTaxEffect	-18302	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
CY2022Q2	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	5163126	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	usd
CY2022Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	usd
CY2022Q2	rei	Share Based Payment Arrangement Values Withheld For Tax Withholding Obligation With Restricted Stock Vested ShareBasedPaymentArrangementValuesWithheldForTaxWithholdingObligationWithRestrictedStockVested	0	usd
CY2022Q2	rei	Adjustment To Additional Paid In Capital Payment To Cover Tax Withholdings Income Tax Effect AdjustmentToAdditionalPaidInCapitalPaymentToCoverTaxWithholdingsIncomeTaxEffect	-257694	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1899245	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	41944422	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	358007259	usd
CY2022Q3	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	2400000	usd
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CY2022Q3	rei	Share Based Payment Arrangement Values Withheld For Tax Withholding Obligation With Restricted Stock Vested ShareBasedPaymentArrangementValuesWithheldForTaxWithholdingObligationWithRestrictedStockVested	0	usd
CY2022Q3	rei	Adjustment To Additional Paid In Capital Payment To Cover Tax Withholdings Income Tax Effect AdjustmentToAdditionalPaidInCapitalPaymentToCoverTaxWithholdingsIncomeTaxEffect	-6790	usd
CY2022Q3	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	21339986	shares
CY2022Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	69141555	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1543033	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	75085891	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	506170948	usd
	us-gaap	Net Income Loss NetIncomeLoss	53968162	usd
	us-gaap	Net Income Loss NetIncomeLoss	124142356	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	64053637	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	34854993	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1073900	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	617685	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	3699235	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1483621	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	6374743	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4964188	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	41865	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	8160712	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-5830008	usd
	rei	Excess Tax Benefit Expense Related To Share Based Compensation ExcessTaxBenefitExpenseRelatedToShareBasedCompensation	-158763	usd
	rei	Excess Tax Benefit Expense Related To Share Based Compensation ExcessTaxBenefitExpenseRelatedToShareBasedCompensation	0	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-26483190	usd
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-2201970	usd
	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-5829728	usd
	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-48593882	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5671516	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	21300907	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3701882	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-68525	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2308540	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	3500913	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	33992075	usd
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-1025607	usd
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-2548344	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	142437252	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	133335223	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1605262	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1211691	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	112996032	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	83776050	usd
	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	209798	usd
	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	158598	usd
	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	332230	usd
	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	134600	usd
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	54558	usd
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	25066	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-170917037	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-268346299	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	179000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	592000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	166000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	447000000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	12301596	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7563126	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	294365	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	264484	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1565071	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1245303	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1114883	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	954082	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	18762502	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3573945	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
	us-gaap	Interest Paid Net InterestPaidNet	27804707	usd
	us-gaap	Interest Paid Net InterestPaidNet	12371753	usd
	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	261786	usd
	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	218082	usd
	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	2090777	usd
	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	14538550	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	53824	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	usd
	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	4717507	usd
	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	0	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1713677	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	305052	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	usd
	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	-1394081	usd
	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	13233975	usd
	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 </span>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.
	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 had cash in excess of federally insured limits of $0 and $3,462,526 as of September 30, 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 nine months ended September 30, 2023, sales to three purchasers represented 67%, 12% and 10%, respectively, of total oil, natural gas, and natural gas liquids sales. As of September 30, 2023, receivables outstanding from these three purchasers represented 69%, 9% and 7%, 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 September 30, 2023 or December 31, 2022.</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%">Joint interest billing receivables, net - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also has joint interest billing receivables. 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. The following table indicates the Company's provisions for bad debt expense associated with its joint interest billing receivables during the three and nine months ended September 30, 2023 and September 30, 2022.</span></div><div style="margin-top:12pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.415%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.051%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.051%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.051%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.054%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">For the Three Months Ended</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">For the Nine Months Ended</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Bad debt expense</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,656 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,865 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q3	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	0	usd
CY2022Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	3462526	usd
CY2023Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	19656	usd
CY2022Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	41865	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023Q3	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	3484616	usd
CY2022Q4	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	1226049	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	178491	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	242247	usd
CY2023Q3	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	3306125	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	983802	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-63756	usd
CY2023Q3	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	21711123	usd
CY2022Q3	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	14163574	usd
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	63203473	usd
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	34417978	usd
CY2023Q3	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	13.48	usd
CY2022Q3	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	11.59	usd
	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	13.09	usd
	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	11.95	usd
CY2023Q3	us-gaap	Depreciation Depreciation	80690	usd
CY2022Q3	us-gaap	Depreciation Depreciation	53946	usd
	us-gaap	Depreciation Depreciation	277420	usd
	us-gaap	Depreciation Depreciation	102568	usd
CY2023Q3	rei	Notes Payable Current For Obtaining External Insurance NotesPayableCurrentForObtainingExternalInsurance	950068	usd
	rei	Income Tax Expense Benefit Discrete Item IncomeTaxExpenseBenefitDiscreteItem	-10500000	usd
CY2023Q3	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-3381104	usd
CY2022Q3	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	3611381	usd
	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-8492595	usd
	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	4625429	usd
CY2023Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	165780	usd
CY2022Q3	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	36736	usd
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	264261	usd
	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	36736	usd
CY2023Q3	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-196012	usd
CY2022Q3	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	667666	usd
	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	490646	usd
	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	1204579	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3411336	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4315783	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-7737688	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5866744	usd
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.312
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.167
	rei	Income Tax Expense Benefit Discrete Item IncomeTaxExpenseBenefitDiscreteItem	-10500000	usd
CY2023Q3	us-gaap	Share Based Compensation ShareBasedCompensation	2170735	usd
CY2022Q3	us-gaap	Share Based Compensation ShareBasedCompensation	1543033	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	6374743	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4964188	usd
CY2023Q3	rei	Oil Revenue OilRevenue	90392004	usd
CY2022Q3	rei	Oil Revenue OilRevenue	86413665	usd
	rei	Oil Revenue OilRevenue	252020403	usd
	rei	Oil Revenue OilRevenue	229532827	usd
CY2023Q3	rei	Natural Gas Revenue NaturalGasRevenue	562374	usd
CY2022Q3	rei	Natural Gas Revenue NaturalGasRevenue	4655002	usd
	rei	Natural Gas Revenue NaturalGasRevenue	526161	usd
	rei	Natural Gas Revenue NaturalGasRevenue	14678747	usd
CY2023Q3	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	2727420	usd
CY2022Q3	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	3340281	usd
	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	8566719	usd
	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	3340281	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	93681798	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	94408948	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	261113283	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	247551855	usd
CY2023Q3	us-gaap	Lessee Finance Lease Term Of Contract1 LesseeFinanceLeaseTermOfContract1	P36M
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	118616	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	675210	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	727460	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	636649	usd
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CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	400234	usd
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CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2207248	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1473897	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	2710668	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	1872259	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	3018666	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2065580	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	307998	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	193321	usd
CY2023Q3	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	2710668	usd
CY2022Q4	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	1872259	usd
CY2023Q3	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	806993	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	709653	usd
CY2023Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	690456	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	1052479	usd
CY2023Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	1497449	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	1762132	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	1598783	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	1900595	usd
CY2023Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	101334	usd
CY2022Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	138463	usd
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CY2022Q4	rei	Finance Lease Liability To Be Paid Net Of Imputed Interest FinanceLeaseLiabilityToBePaidNetOfImputedInterest	1762132	usd
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CY2022Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	83590	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	366711	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	250770	usd
CY2023Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1012525	usd
CY2022Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	639708	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	4042160	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1937310	usd
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	197221	usd
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	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	73115	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	24184	usd
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CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	75085891	usd
	us-gaap	Net Income Loss NetIncomeLoss	53968162	usd
	us-gaap	Net Income Loss NetIncomeLoss	124142356	usd
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.29
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CY2023Q2	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0
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CY2023Q3	rei	Surety Bonds Value SuretyBondsValue	650288	usd
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
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Files In Submission

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rei-20230930.htm	Edgar Link	pending
rei-20230930.xsd	Edgar Link	pending
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rei-20230930_lab.xml	Edgar Link	unprocessable
rei-20230930_pre.xml	Edgar Link	unprocessable
rei-20230930_htm.xml	Edgar Link	completed
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rei-20230930_cal.xml	Edgar Link	unprocessable

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$REI
RING ENERGY, INC. Stock $rei

2023 Q4 Form 10-Q Financial Statement

#000162828023036452 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI RING ENERGY, INC. Stock $rei

2023 Q4 Form 10-Q Financial Statement

#000162828023036452 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI
RING ENERGY, INC. Stock $rei