Ring Energy: Aiming For Both Production Growth And Deleveraging In 2027
Ring Energy raised its 2026 capex budget to $168 million from an initial $115 million, enabling more horizontal well drilling that will mostly benefit 2027 production. The company's initial 2027 outlook targets 10% production growth under a $150 million capex budget.
Why it matters — The expanded budget and 2027 outlook indicate Ring's plans to pursue both production growth and deleveraging, which REI watchers would monitor for the company's future trajectory.