What does REI mean in ENERGY
Ring Energy Inc. (REI) is a publicly traded energy company based in Midland, Texas that explores and produces oil and gas across the state. REI specializes in development drilling, workovers, and recompletions of existing wells, as well as acquisitions to expand their portfolio of oil and gas assets. Through these practices, Ring Energy has become one of the largest as well as one of the most efficient independent oil and gas producers in Texas. REI stands for Ring Energy Inc., which is the official name of this company.
REI meaning in Energy in Governmental
REI mostly used in an acronym Energy in Category Governmental that means Ring Energy Inc
Shorthand: REI,
Full Form: Ring Energy Inc
For more information of "Ring Energy Inc", see the section below.
» Governmental » Energy
What does REI mean?
REI stands for Ring Energy Inc., which is a publicly-traded energy production company based in Midland, Texas. The company focuses on exploring and producing oil and gas from various regions across the state of Texas, while also specializing in development drilling, workovers, recompletions, and other associated activities to help expand their energy portfolio. In addition to being an active participant in the energy industry in Texas, REI has become one of the most recognized names among independent energy producers using modern methods to maximize efficiency through safety practices, environmental protection standards, corporate responsibility guidelines, and employee initiatives all intended to create long-term value for shareholders while planning for future growth opportunities through strategic partnerships.
REI Meaning In Governmental Industry
The governmental industry often refers to organizations such as government agencies or non-profit groups working in their best interest to support citizens with important services ranging from health care to social security programs. As with any organization within this sector, it is essential for them to recognize that partnering with reliable private entities can result in more resources becoming available for those they serve. In this case, many have begun working with Ring Energy Inc., better known as REI by utilizing their resources at hand such as department staffing or technological infrastructure specific skills that are beneficial when used properly by large scale departments or small community organizations requiring assistance while managing programs funded by taxpayers dollars. Furthermore, taking advantage of their services allows agencies access from more economical sources such as specialized equipment or chemicals used during extraction processes that are not available otherwise from standard vendors they may be familiar with currently.
Essential Questions and Answers on Ring Energy Inc in "GOVERNMENTAL»ENERGY"
What is Ring Energy Inc.?
Ring Energy Inc. is a publicly traded independent oil and gas exploration and production company headquartered in Midland, Texas. We are actively engaged in acquiring, developing, exploiting, exploring and producing crude oil, natural gas and natural gas liquids in the Permian Basin of West Texas.
What does Ring Energy Inc. specialize in?
Ring Energy Inc. specializes in the acquisition, exploration and exploitation of oil and natural gas properties located primarily within the Permian Basin of West Texas.
How long has Ring Energy been operating?
Ring Energy has been operating since 2009 when we acquired our initial leasehold interest in Howard County, Texas.
What is Ring Energy's operational strategy?
Our operational strategy is to acquire and develop assets that provide higher-risk/high reward opportunities with tangible synergies that can be immediately exploitied or developed into longer-term reserves.
How large is Ring Energy’s resource base?
As of December 31st 2019, we had estimated proved reserves (2P) of 25 million barrels of oil equivalent (MMBOE), estimated total resources (3P) of approximately 192 MMBOE consisted mainly of crude oil and natural gas locations located primarily within our core assets located within Martin County Texas.
Where do you sell your products?
We sell our products domestically at various hubs throughout the United States including Louisiana, Oklahoma City, Midland/Odessa, Cushing OK/Houston TX as well as internationally depending upon market pricing at any given time.
Does Ring Energy have any subsidiaries?
Yes! We have three wholly owned subsidiaries - RMP Operating LLC., REI Asset Management LLC., & REI Capital Markets LLC.
Does Ring Energy have any partnerships?
Yes! We currently operate under joint venture agreements with several companies including Quiklift Production Co., Mountain Peak Oil & Gas Co., Martin County Operating Co., Lomax Petroleum Corp., Elfring Resources Corporation and Anderson Exploration Ltd.
Final Words:
In conclusion, Ring Energy Inc., otherwise called REI is a responsible energy production company located in Midland Texas whose core values include commitment towards safety measures taken during exploration and production that set them apart from other competitors when it comes to convenience during operations management while creating long-term value for its shareholders.. Through its proficient team and strategic alliances within the area provides reliable service allowing governmental entities access tremendous resources when needed without compromising quality so both parties benefit beyond expectations reached before reaching an agreement benefiting those under its jurisdiction committed towards helping citizens whenever possible making it an asset worth having.
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