Ring Energy, Inc., Appoints Mr. Paul D. McKinney as Chief Executive Officer
September 01, 2020 at 02:00 am IST
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The Board of Directors of Ring Energy, Inc. announced that, it has appointed Mr. Paul D. McKinney as Chief Executive Officer (“CEO”). Mr. McKinney, an industry veteran, began his career in 1983 with Anadarko Petroleum Corporation (“Anadarko”). Over a 23 year period with Anadarko, Mr. McKinney held various positions including his last title as Vice President of Reservoir Engineering, Anadarko Canada Corporation. He also spent 6 years with Apache Corporation (“Apache”), serving as Manager, Corporate Reservoir Engineering and Region Vice President, Gulf Coast Onshore, where he was responsible for the development and all operational aspects of the Gulf Coast region for Apache. Mr. McKinney’s most recent role was President, CEO and Director of SandRidge Energy. He accepted the post in January 2019 and continued there 11 months before resigning in December 2019.
Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).
RING ENERGY, INC. 
