Ring Energy (Ring Energy) Asset Impairment Charge : $0.1 Mil (TTM As of Dec. 2023)

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What is Ring Energy Asset Impairment Charge?

Ring Energy's Asset Impairment Charge for the three months ended in Dec. 2023 was $0.1 Mil. Its Asset Impairment Charge for the trailing twelve months (TTM) ended in Dec. 2023 was $0.1 Mil.

Ring Energy Asset Impairment Charge Historical Data

The historical data trend for Ring Energy's Asset Impairment Charge can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ring Energy Asset Impairment Charge Chart

Ring Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Impairment Charge

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277.50

0.24

0.13

Ring Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Impairment Charge	Get a 7-Day Free Trial															-	-	0.02	0.02	0.09

Ring Energy Asset Impairment Charge Calculation

Asset Impairment Charge is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

Asset Impairment Charge for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.1 Mil.

Ring Energy Asset Impairment Charge Related Terms

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Ring Energy (Ring Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (AMEX:REI) » Definitions » Asset Impairment Charge

Comparable Companies

Traded in Other Exchanges

KWE1:Germany

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.

Executives

John A Crum	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Paul D. Mckinney	director, officer: CEO and Chairman of the Board	1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Anthony Benedict Petrelli	director	6250 RAIN DANCE TRAIL, LITTLETON CO 80125
Stronghold Energy Ii Operating, Llc	10 percent owner	508 W. WALL STREET, SUITE %%), MIDLAND TX 79701
Warburg Pincus & Co Us, Llc	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard E Harris	director	2000 CHARWOOD DR, APT 2502, COLUMBUS IN 47201
William T Kruse	10 percent owner	1340 S MAIN ST., STE 300, GRAPEVINE TX 76051
David Habachy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p.	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-d (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Wp Xii (e&p) Partners (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-2, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-1, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-e (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017