Ring Energy reaffirmed a $585 million borrowing base under its $1 billion senior revolving credit facility, keeping the terms unchanged from the previous amendment. The reaffirmation follows the June 2025 extension of the facility to June 2029, during which the borrowing base was also set at $585 million, underscoring lenders’ continued confidence in the company’s financial position and operational performance.
The company highlighted its recent debt‑reduction progress and cost‑control achievements, citing Q3 2025 results that showed significant debt paydown and free‑cash‑flow generation. These metrics reinforce Ring’s balance‑sheet strength and support its strategy of maintaining production while trimming leverage.
Ring’s core operations are concentrated in the Permian Basin, where commodity‑price volatility remains a headwind. The reaffirmation signals that Ring can weather the current price cycle while sustaining production levels, a key consideration for investors monitoring commodity exposure.
CEO Paul D. McKinney thanked the banking partners and reiterated the company’s focus on strengthening its balance sheet, managing costs, and maintaining production. He emphasized that the reaffirmation positions Ring to navigate the prevailing price environment and continue delivering shareholder value.
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