Ring Energy (STU:KWE1) Net Undeveloped Acreage # : 0.00 (As of . 20)

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What is Ring Energy Net Undeveloped Acreage #?

Net Undeveloped Acreage # means acres which are leased by the company but which are not yet able to produce economic quantities of oil or gas.

The historical rank and industry rank for Ring Energy's Net Undeveloped Acreage # or its related term are showing as below:

STU:KWE1's Net Undeveloped Acreage # is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Net Undeveloped Acreage # only.

Ring Energy Net Undeveloped Acreage # Historical Data

The historical data trend for Ring Energy's Net Undeveloped Acreage # 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 Net Undeveloped Acreage # Chart

Ring Energy (STU:KWE1) Net Undeveloped Acreage # Explanation

Net Undeveloped Acreage # means those leased acres on which wells have not yet been drilled or completed to a point that would permit the production of economic quantities of oil or gas, regardless of whether or not such acreage contains proved reserves. If a piece of land leased by the company is not developed, that automatically means it is part of the net undeveloped acreage.

Ring Energy Net Undeveloped Acreage # Related Terms

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Ring Energy (STU:KWE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (STU:KWE1) » Definitions » Net Undeveloped Acreage #

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Traded in Other Exchanges

REI:USA

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.

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