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Ring Energy raises 2026 capex to $168M to boost drilling, aiming 10% production growth in 2027.

Market News
16 Aug 2026
Seeking Alpha
View Source
Bullish
Ring Energy raises 2026 capex to $168M to boost drilling, aiming 10% production growth in 2027.

Ring Energy has increased its 2026 capital expenditure budget from $115 million to $168 million to drill more horizontal wells, which is expected to enhance production primarily in 2027. The company projects a 10% production growth in 2027 with a planned $150 million capex budget. Additionally, Ring Energy anticipates reducing its leverage ratio from 1.6x at the end of 2026 to 1.2x by the end of 2027, indicating improved financial health. This move signals a strategic investment to expand production capacity and strengthen the company's balance sheet over the next two years.

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