$REI
RING ENERGY, INC. Stock $rei

$rei Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000162828024009691 Filed on March 07, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$94.50M	$99.94M	$361.1M
YoY Change	7.29%	0.25%	3.98%
Cost Of Revenue	$6.740M	$7.064M	$25.35M
YoY Change	-819053.83%	4.8%	1285.27%
Gross Profit	$87.76M	$92.88M	$335.7M
YoY Change	-0.36%	-0.08%	-2.81%
Gross Profit Margin	92.87%	92.93%	92.98%
Selling, General & Admin	$26.00M	$27.07M	$99.89M
YoY Change	5.21%	4.64%	32.91%
% of Gross Profit	29.63%	29.15%	29.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.79M	$24.56M	$88.61M
YoY Change	11.85%	17.58%	58.97%
% of Gross Profit	27.11%	26.44%	26.4%
Operating Expenses	$50.15M	$51.98M	$189.9M
YoY Change	8.19%	10.31%	44.01%
Operating Profit	$37.62M	$40.90M	$145.8M
YoY Change	5.51%	-10.77%	-23.97%
Interest Expense	$11.50M	$17.74M	-$40.90M
YoY Change	10.67%	-161.61%	-276.55%
% of Operating Profit	30.57%	43.38%	-28.06%
Other Income/Expense, Net	-$30.37M	$72.73K	$198.9K
YoY Change	3253.03%		-100.45%
Pretax Income	$7.244M	$58.76M	$105.0M
YoY Change	-79.15%	244.94%	-28.6%
Income Tax	$1.729M	$7.863M	$125.2K
% Of Pretax Income	23.87%	13.38%	0.12%
Net Earnings	$5.515M	$50.90M	$104.9M
YoY Change	-83.14%	251.19%	-24.36%
Net Earnings / Revenue	5.84%	50.93%	29.04%
Basic Earnings Per Share	$0.03		$0.55
Diluted Earnings Per Share	$0.03	$0.26	$0.54
COMMON SHARES
Basic Shares Outstanding	197.9M shares	195.6M shares	190.6M shares
Diluted Shares Outstanding	199.3M shares		195.4M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.376M	$296.4K	$296.4K
YoY Change	-20.26%	-92.02%	-92.02%
Cash & Equivalents	$1.376M	$296.4K
Short-Term Investments
Other Short-Term Assets	$5.076M	$8.090M	$8.090M
YoY Change	-35.97%	19.49%	19.49%
Inventory	$5.966M	$6.137M	$6.137M
Prepaid Expenses	$1.371M	$1.875M
Receivables	$44.39M	$38.97M	$38.97M
Other Receivables	$1.857M	$2.422M	$2.422M
Total Short-Term Assets	$58.67M	$55.91M	$55.91M
YoY Change	0.35%	-11.49%	-11.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.307B	$1.296B	$1.296B
YoY Change	9.08%	9.82%	9.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$16.90M	$24.67M	$24.67M
YoY Change	-27.63%	2.65%	2.65%
Total Long-Term Assets	$1.326B	$1.321B	$1.321B
YoY Change	8.43%	9.52%	9.52%
TOTAL ASSETS
Total Short-Term Assets	$58.67M	$55.91M	$55.91M
Total Long-Term Assets	$1.326B	$1.321B	$1.321B
Total Assets	$1.385B	$1.376B	$1.376B
YoY Change	8.06%	8.47%	8.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$99.15M	$104.1M	$81.98M
YoY Change	-0.88%	-6.58%	-26.41%
Accrued Expenses	$612.4K	$568.2K	$22.66M
YoY Change	51.27%	42.63%	5587.57%
Deferred Revenue		$0.00
YoY Change		-100.0%
Short-Term Debt	$0.00	$533.7K	$533.7K
YoY Change		6.77%	6.77%
Long-Term Debt Due	$1.004M	$956.3K	$956.3K
YoY Change	34.66%	34.75%	34.75%
Total Short-Term Liabilities	$118.4M	$113.8M	$113.8M
YoY Change	7.27%	-19.38%	-19.38%
LONG-TERM LIABILITIES
Long-Term Debt	$422.9M	$425.9M	$425.9M
YoY Change	-0.02%	2.37%	2.37%
Other Long-Term Liabilities	$40.22M	$41.65M	$41.65M
YoY Change	4.74%	-1.28%	-1.28%
Total Long-Term Liabilities	$463.1M	$467.6M	$467.6M
YoY Change	0.38%	2.03%	2.03%
TOTAL LIABILITIES
Total Short-Term Liabilities	$118.4M	$113.8M	$113.8M
Total Long-Term Liabilities	$463.1M	$467.6M	$467.6M
Total Liabilities	$591.7M	$589.9M	$589.9M
YoY Change	1.63%	-2.96%	-2.96%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.933M	-$9.449M
YoY Change	-95.18%	-91.73%
Common Stock	$197.9K	$196.8K
YoY Change	9.58%	12.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$793.0M	$786.6M	$786.6M
YoY Change
Total Liabilities & Shareholders Equity	$1.385B	$1.376B	$1.376B
YoY Change	8.06%	8.47%	8.47%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$5.515M	$50.90M	$104.9M
YoY Change	-83.14%	251.19%	-24.36%
Depreciation, Depletion And Amortization	$23.79M	$24.56M	$88.61M
YoY Change	11.85%	17.58%	58.97%
Cash From Operating Activities	$45.19M	$55.73M	$198.2M
YoY Change	3.45%	-12.43%	0.61%
INVESTING ACTIVITIES
Capital Expenditures	$39.51M	$40.40M	$155.2M
YoY Change	6.73%	-12.3%	18.29%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$11.25M	-$67.36M
YoY Change	-100.0%	-303.33%	-62.09%
Cash From Investing Activities	-$39.51M	-$51.66M	-$222.6M
YoY Change	-28.78%	27.44%	-27.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$12.30M
YoY Change			49.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$4.604M	-3.919M	20.99M
YoY Change	-146.97%	-80.68%	-81.46%
NET CHANGE
Cash From Operating Activities	$45.19M	55.73M	198.2M
Cash From Investing Activities	-$39.51M	-51.66M	-222.6M
Cash From Financing Activities	-$4.604M	-3.919M	20.99M
Net Change In Cash	$1.080M	157.8K	-3.416M
YoY Change	-154.34%	-94.41%	-361.93%
FREE CASH FLOW
Cash From Operating Activities	$45.19M	$55.73M	$198.2M
Capital Expenditures	$39.51M	$40.40M	$155.2M
Free Cash Flow	$5.684M	$15.33M	$42.96M
YoY Change	-14.75%	-12.76%	-34.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	us-gaap	Production Tax Expense ProductionTaxExpense	18135336	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	88610291	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	55740767	usd
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	983432	usd
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	744045	usd
CY2021	us-gaap	Operating Lease Expense OperatingLeaseExpense	523487	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7162231	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	661103391	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3416142	usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001384195
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Amendment Flag AmendmentFlag	false
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
CY2023Q4	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
CY2023Q4	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
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-36057
CY2023	dei	Entity Registrant Name EntityRegistrantName	Ring Energy, Inc.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-0406406
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	1725 Hughes Landing Blvd.,
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 900
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	The Woodlands
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77380
CY2023	dei	City Area Code CityAreaCode	281
CY2023	dei	Local Phone Number LocalPhoneNumber	397-3699
CY2023	dei	Security12b Title Security12bTitle	Common Stock, par value $0.001
CY2023	dei	Trading Symbol TradingSymbol	REI
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	false
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	227493793	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	197934202	shares
CY2023	dei	Auditor Name AuditorName	Grant Thornton LLP
CY2023	dei	Auditor Firm AuditorFirmId	248
CY2023	dei	Auditor Location AuditorLocation	Houston, Texas
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	296384	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3712526	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	38965002	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	42448719	usd
CY2023Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	2422274	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	983802	usd
CY2023Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	6215374	usd
CY2022Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	4669162	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	6136935	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	9250717	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1874850	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2101538	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	55910819	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	63166464	usd
CY2023Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1663548249	usd
CY2022Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1463838595	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	3896316	usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	3019476	usd
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CY2022Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3147125	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1670673358	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1470005196	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	377252572	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	289935259	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1293420786	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1180069937	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2499592	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1735013	usd
CY2023Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	11634714	usd
CY2022Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	6129410	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	13030481	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	17898973	usd
CY2023Q4	us-gaap	Assets Assets	1376496392	usd
CY2022Q4	us-gaap	Assets Assets	1268999797	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	104064124	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	111398268	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	956254	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	709653	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	568176	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	398362	usd
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	7520336	usd
CY2022Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	13345619	usd
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CY2023Q4	rei	Deferred Income Taxes DeferredIncomeTaxes	8552045	usd
CY2022Q4	rei	Deferred Income Taxes DeferredIncomeTaxes	8499016	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	425000000	usd
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CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	10485650	usd
CY2023Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	28082442	usd
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CY2023Q4	us-gaap	Common Stock Value CommonStockValue	196837	usd
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CY2023	rei	Direct Costs Of Lease Operating Expenses DirectCostsOfLeaseOperatingExpenses	70158227	usd
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CY2023	rei	Ad Valorem Taxes AdValoremTaxes	6757841	usd
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CY2021	rei	Ad Valorem Taxes AdValoremTaxes	2276463	usd
CY2022	us-gaap	Production Tax Expense ProductionTaxExpense	17125982	usd
CY2021	us-gaap	Production Tax Expense ProductionTaxExpense	9123420	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	37167967	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	145780491	usd
CY2023	us-gaap	Investment Income Interest InvestmentIncomeInterest	257155	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	4	usd
CY2023	us-gaap	Interest Expense InterestExpense	43926732	usd
CY2022	us-gaap	Interest Expense InterestExpense	23167729	usd
CY2021	us-gaap	Interest Expense InterestExpense	14490474	usd
CY2023	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	2767162	usd
CY2022	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-21532659	usd
CY2021	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-77853141	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-87128	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2021	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2023	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	198935	usd
CY2022	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	0	usd
CY2021	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	0	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-40790608	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-44700384	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-92343614	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	104989883	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	147043749	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3413234	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	125242	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8408724	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	90342	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	104864641	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	104864641	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.55
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.55
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.98
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.98
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	294765813	usd
CY2021	rei	Stock And Warrants Issued During Period Value StockAndWarrantsIssuedDuringPeriodValue	-65000	usd
CY2021	rei	Stock Issued During Period Value Pre Funded Warrants Exercised StockIssuedDuringPeriodValuePreFundedWarrantsExercised	13429	usd
CY2021	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	354080	usd
CY2021	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	200000	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2021	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2021	rei	Share Based Payment Arrangement Payments For Tax Withholding Obligation ShareBasedPaymentArrangementPaymentsForTaxWithholdingObligation	385330	usd
CY2021	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2418323	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	300624207	usd
CY2022	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	8203126	usd
CY2022	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	usd
CY2022	rei	Stock Issued During Period Value Shares Withheld For Stock Options Exercised StockIssuedDuringPeriodValueSharesWithheldForStockOptionsExercised	0	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2022	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
CY2022	rei	Share Based Payment Arrangement Payments For Tax Withholding Obligation ShareBasedPaymentArrangementPaymentsForTaxWithholdingObligation	521199	usd
CY2022	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	21339986	shares
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	69141555	usd
CY2022	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	137858446	usd
CY2023	rei	Stock Issued During Period Value Common Warrants Exercised StockIssuedDuringPeriodValueCommonWarrantsExercised	3613941	usd
CY2023	rei	Stock Issued During Period Value Offering Inducement Common Warrants Exercised StockIssuedDuringPeriodValueOfferingInducementCommonWarrantsExercised	8687655	usd
CY2023	rei	Share Based Payment Arrangement Payments For Tax Withholding Obligation ShareBasedPaymentArrangementPaymentsForTaxWithholdingObligation	520153	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8833425	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	104864641	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	786582900	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2023	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	88610291	usd
CY2022	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	55740767	usd
CY2021	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	37167967	usd
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1425686	usd
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	983432	usd
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	744045	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	4920714	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2706021	usd
CY2021	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	665882	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	8833425	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	7162231	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	2418323	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	134007	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	242247	usd
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	425275	usd
CY2022	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-8720992	usd
CY2021	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-265479	usd
CY2023	rei	Excess Tax Benefit Expense Related To Share Based Compensation ExcessTaxBenefitExpenseRelatedToShareBasedCompensation	-478304	usd
CY2022	rei	Excess Tax Benefit Expense Related To Share Based Compensation ExcessTaxBenefitExpenseRelatedToShareBasedCompensation	312268	usd
CY2021	rei	Excess Tax Benefit Expense Related To Share Based Compensation ExcessTaxBenefitExpenseRelatedToShareBasedCompensation	175187	usd
CY2023	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	2767162	usd
CY2022	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-21532659	usd
CY2021	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-77853141	usd
CY2023	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-9084920	usd
CY2022	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-62525954	usd
CY2021	rei	Cash Received Paid For Derivative Settlements Net CashReceivedPaidForDerivativeSettlementsNet	-52768154	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1154085	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	17214150	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9483639	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3113782	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5597845	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-226688	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	1163509	usd
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	541920	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1451422	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	50808461	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	15449215	usd
CY2023	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-1862385	usd
CY2022	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-2741380	usd
CY2021	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-2186832	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	198170459	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	196976729	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	72731212	usd
CY2023	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	2162585	usd
CY2022	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1563703	usd
CY2021	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1368437	usd
CY2023	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	152559314	usd
CY2022	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	129332155	usd
CY2021	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	51302131	usd
CY2023	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	492317	usd
CY2022	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	319945	usd
CY2021	us-gaap	Payments To Acquire Machinery And Equipment PaymentsToAcquireMachineryAndEquipment	568832	usd
CY2023	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	332229	usd
CY2022	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	134600	usd
CY2021	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	0	usd
CY2023	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	1554558	usd
CY2022	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	23700	usd
CY2021	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	2000000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-222573288	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-308881290	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51239400	usd
CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	225000000	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	636000000	usd
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	60150000	usd
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	215000000	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	511000000	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	12301596	usd
CY2023	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2022	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2021	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	200000	usd
CY2023	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	520153	usd
CY2022	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	521199	usd
CY2021	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	385330	usd
CY2023	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1637513	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1323354	usd
CY2021	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1297718	usd
CY2023	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1603659	usd
CY2022	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1409884	usd
CY2021	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	711308	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	52222	usd
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	18891528	usd
CY2021	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	104818	usd
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	776388	usd
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	495098	usd
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	325901	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	20986687	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	113208771	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-22662130	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1304210	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1170318	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
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3578634	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	296384	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
CY2023	us-gaap	Interest Paid Net InterestPaidNet	38009164	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	19818623	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	14110421	usd
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	72213	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2023	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	439528	usd
CY2022	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	353008	usd
CY2021	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	171390	usd
CY2023	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	2090777	usd
CY2022	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	14538550	usd
CY2021	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	662705	usd
CY2023	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	53826	usd
CY2022	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	usd
CY2021	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	435419	usd
CY2023	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	5340211	usd
CY2022	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	0	usd
CY2021	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	2934126	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1713677	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	754894	usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	839536	usd
CY2023	rei	Right Of Use Asset Revision Of Estimate RightOfUseAssetRevisionOfEstimate	0	usd
CY2022	rei	Right Of Use Asset Revision Of Estimate RightOfUseAssetRevisionOfEstimate	0	usd
CY2021	rei	Right Of Use Asset Revision Of Estimate RightOfUseAssetRevisionOfEstimate	621636	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	894996	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	952101	usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	0	usd
CY2023	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	-2241192	usd
CY2022	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	9179003	usd
CY2021	rei	Capital Expenditures Incurred But Not Yet Paid1 CapitalExpendituresIncurredButNotYetPaid1	309365	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<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%">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 accounting principles generally accepted in the United States of America (“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 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></div>
CY2023	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 $46,384 and $3,462,526 as of December 31, 2023 and 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. Accounts receivable from purchasers outstanding longer than the contractual payment terms are considered past due. The Company has not had any significant credit losses in the past and believes its accounts receivable are fully collectable. Refer to the "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Major Purchasers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">" section below for detail on purchaser activity for the years ended December 31, 2023, 2022, and 2021.</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%"> - 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 December 31, 2023 or 2022.</span></div><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> - 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. Receivables from joint interest owners outstanding longer than the contractual payment terms are considered past due.
CY2023Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	46384	usd
CY2022Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	3462526	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	134007	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	242247	usd
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023Q4	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	2480843	usd
CY2022Q4	rei	Oil And Gas Joint Interest Billing Receivables Before Allowance For Credit Loss OilAndGasJointInterestBillingReceivablesBeforeAllowanceForCreditLoss	1226049	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	58569	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	242247	usd
CY2023Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	2422274	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	983802	usd
CY2023	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-183678	usd
CY2023	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	87442546	usd
CY2022	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	55029956	usd
CY2021	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	36735070	usd
CY2023	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	13.22
CY2022	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	12.19
CY2021	rei	Depletion Rate Per Barrel Of Oil Equivalents DepletionRatePerBarrelOfOilEquivalents	11.82
CY2022	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2023	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2021	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2023	us-gaap	Depreciation Depreciation	364024	usd
CY2022	us-gaap	Depreciation Depreciation	205600	usd
CY2021	us-gaap	Depreciation Depreciation	124961	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-87128	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	37626348	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	40480684	usd
CY2023Q4	rei	Revenues Payable Current RevenuesPayableCurrent	44348938	usd
CY2022Q4	rei	Revenues Payable Current RevenuesPayableCurrent	43807208	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	22088838	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	27110376	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	104064124	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	111398268	usd
CY2023Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	36944263	usd
CY2022Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	36586007	usd
CY2023Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	682085	usd
CY2022Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	3894677	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	37626348	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	40480684	usd
CY2023Q4	rei	Accrued Revenue Held In Suspense Current AccruedRevenueHeldInSuspenseCurrent	31592825	usd
CY2022Q4	rei	Accrued Revenue Held In Suspense Current AccruedRevenueHeldInSuspenseCurrent	30180940	usd
CY2023Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	12756113	usd
CY2022Q4	us-gaap	Accrued Royalties Current AccruedRoyaltiesCurrent	13626268	usd
CY2023Q4	rei	Revenues Payable Current RevenuesPayableCurrent	44348938	usd
CY2022Q4	rei	Revenues Payable Current RevenuesPayableCurrent	43807208	usd
CY2023Q4	rei	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	7518603	usd
CY2022Q4	rei	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	9624985	usd
CY2023Q4	rei	Accrued Lease Operating Expenses Current AccruedLeaseOperatingExpensesCurrent	6798548	usd
CY2022Q4	rei	Accrued Lease Operating Expenses Current AccruedLeaseOperatingExpensesCurrent	6450356	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	3684378	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	3222864	usd
CY2023Q4	rei	Accrued General And Administrative Expense Current AccruedGeneralAndAdministrativeExpenseCurrent	4047095	usd
CY2022Q4	rei	Accrued General And Administrative Expense Current AccruedGeneralAndAdministrativeExpenseCurrent	4076699	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	40214	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	3735472	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	22088838	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	27110376	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	533734	usd
CY2023	rei	Income Tax Expense Benefit Discrete Item IncomeTaxExpenseBenefitDiscreteItem	-24200000	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-901522	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	6437680	usd
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	72213	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	0	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	954551	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	1971044	usd
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	90342	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	125242	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8408724	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	90342	usd
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.001
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.057
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.026
CY2023	rei	Income Tax Expense Benefit Discrete Item IncomeTaxExpenseBenefitDiscreteItem	-24200000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	8833425	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	7162231	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	2418323	usd
CY2023	rei	Oil Revenue OilRevenue	349044863	usd
CY2022	rei	Oil Revenue OilRevenue	321062672	usd
CY2021	rei	Oil Revenue OilRevenue	181533093	usd
CY2023	rei	Natural Gas Revenue NaturalGasRevenue	334175	usd
CY2022	rei	Natural Gas Revenue NaturalGasRevenue	18693631	usd
CY2021	rei	Natural Gas Revenue NaturalGasRevenue	14772873	usd
CY2023	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	11676963	usd
CY2022	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	7493234	usd
CY2021	rei	Natural Gas Liquids Revenue NaturalGasLiquidsRevenue	0	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	361056001	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	347249537	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	196305966	usd
CY2023Q4	us-gaap	Lessee Finance Lease Term Of Contract1 LesseeFinanceLeaseTermOfContract1	P36M
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	675210	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	727460	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	636649	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	460497	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	250606	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	149628	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	1052449	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	713501	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	240503	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	0	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	0	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0450
CY2023	rei	Operating Lease Imputed Interest Expense OperatingLeaseImputedInterestExpense	277833	usd
CY2023Q4	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P4Y3M25D
CY2023Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0669
CY2023	rei	Finance Lease Imputed Interest Expense FinanceLeaseImputedInterestExpense	143869	usd
CY2023Q4	us-gaap	Lessee Finance Lease Remaining Lease Term LesseeFinanceLeaseRemainingLeaseTerm	P2Y
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	568176	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	398362	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2054041	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1473897	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2622217	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	1872259	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2900050	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2065580	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	277833	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	193321	usd
CY2023Q4	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	2622217	usd
CY2022Q4	rei	Lessee Operating Lease Liability Payments Due Net Of Imputed Interest LesseeOperatingLeaseLiabilityPaymentsDueNetOfImputedInterest	1872259	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	956254	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	709653	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	906330	usd
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.98
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2021Q1	rei	Asset Retirement Obligation Liabilities Properties Sold AssetRetirementObligationLiabilitiesPropertiesSold	2934126	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	1052479	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	1862584	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	1762132	usd
CY2023Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	2006453	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	1900595	usd
CY2023Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	143869	usd
CY2022Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	138463	usd
CY2023Q4	rei	Finance Lease Liability To Be Paid Net Of Imputed Interest FinanceLeaseLiabilityToBePaidNetOfImputedInterest	1862584	usd
CY2022Q4	rei	Finance Lease Liability To Be Paid Net Of Imputed Interest FinanceLeaseLiabilityToBePaidNetOfImputedInterest	1762132	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	541801	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	5096723	usd
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	803721	usd
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	101269	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	104864641	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	104864641	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	138635025	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	3322892	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	190589143	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	121264175	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99387028	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	195364850	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	141754668	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	121193175	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.55
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.55
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.98
CY2023Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	1663548249	usd
CY2022Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	1463838595	usd
CY2023Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	0	usd
CY2022Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	0	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	1663548249	usd
CY2022Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	1463838595	usd
CY2023Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	373280583	usd
CY2022Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	287052595	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	1290267666	usd
CY2022Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	1176786000	usd
CY2023	rei	Payments To Acquire Businesses Oil And Gas Property PaymentsToAcquireBusinessesOilAndGasProperty	82900900	usd
CY2022	rei	Payments To Acquire Businesses Oil And Gas Property PaymentsToAcquireBusinessesOilAndGasProperty	179387490	usd
CY2021	rei	Payments To Acquire Businesses Oil And Gas Property PaymentsToAcquireBusinessesOilAndGasProperty	1368437	usd
CY2023	rei	Payment To Explore Oil And Gas Properties PaymentToExploreOilAndGasProperties	0	usd
CY2022	rei	Payment To Explore Oil And Gas Properties PaymentToExploreOilAndGasProperties	0	usd
CY2021	rei	Payment To Explore Oil And Gas Properties PaymentToExploreOilAndGasProperties	0	usd
CY2023	rei	Payments To Develop Oil And Gas Properties PaymentsToDevelopOilAndGasProperties	152559314	usd
CY2022	rei	Payments To Develop Oil And Gas Properties PaymentsToDevelopOilAndGasProperties	129332155	usd
CY2021	rei	Payments To Develop Oil And Gas Properties PaymentsToDevelopOilAndGasProperties	51302131	usd
CY2023	rei	Payments For Proceeds From Oil And Gas Producing Activities PaymentsForProceedsFromOilAndGasProducingActivities	235460214	usd
CY2022	rei	Payments For Proceeds From Oil And Gas Producing Activities PaymentsForProceedsFromOilAndGasProducingActivities	308719645	usd
CY2021	rei	Payments For Proceeds From Oil And Gas Producing Activities PaymentsForProceedsFromOilAndGasProducingActivities	52670568	usd
CY2023Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	7768697	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	16193327	usd
CY2023Q4	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsCurrent	1553323	usd
CY2022Q4	rei	Derivative Instruments And Hedges Assets Discounted Deferred Premiums Current DerivativeInstrumentsAndHedgesAssetsDiscountedDeferredPremiumsCurrent	11524165	usd
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Files In Submission

Name	View Source	Status
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$REI
RING ENERGY, INC. Stock $rei

2024 Q1 Form 10-K Financial Statement

#000162828024009691 Filed on March 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI RING ENERGY, INC. Stock $rei

2024 Q1 Form 10-K Financial Statement

#000162828024009691 Filed on March 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$REI
RING ENERGY, INC. Stock $rei