Ring Energy’s recently announced $100 million acquisition of Lime Rock Resources IV’s Central Basin Platform (CBP) assets is now moving from headline to execution — and the regulatory filings confirm it.

A new batch of TCEQ (Texas Commission on Environmental Quality) air permits shows that the process of transferring operational control of key oil and gas facilities from Lime Rock to Ring Energy is well underway. These permits are not just paperwork — they’re tangible proof that the transition of field operations in Andrews County, Texas is actively occurring.

📄 What the TCEQ Permits Reveal

The newly issued TCEQ permits indicate the transfer of ownership and operational responsibility from Lime Rock Resources IV, LP to Ring Energy, Inc. across a range of oil and gas production facilities. These include:

Tank batteries
Oil and gas separators
Storage vessels
Heaters and compressors

Each permit record reflects an air quality authorization, a requirement in Texas when production equipment is modified or the operator changes. The facilities listed are located in the Shafter Lake area of Andrews County, directly aligning with the acreage Ring highlighted in its acquisition announcement.

This permit activity signals that the regulatory groundwork is being laid for Ring Energy to assume full operational control, further validating that the deal is on track to close as scheduled.

📈 Summary of the Acquisition Announcement

On February 26, 2025, Ring Energy officially announced that it had entered into an agreement to acquire Lime Rock’s CBP assets for $100 million. The structure of the deal includes:

$80 million in upfront cash
$10 million deferred payment
Up to 7.4 million shares of Ring stock

Key Acquisition Highlights:

~17,700 net acres (100% held by production)
~2,300 boe/d production (80% oil)
>40 gross horizontal locations
Located in Andrews County, TX, adjacent to Ring’s Shafter Lake operations
Assets have low decline rates and strong cash flow generation

Ring Energy’s CEO, Paul McKinney, noted the company will apply the same integration strategy used in their successful 2023 Founders acquisition, which increased production and reduced lifting costs significantly. The Lime Rock assets are expected to offer similar synergy potential and near-term upside.

🔗 Tying It Together: Permits Validate Progress

The TCEQ air permit records from provide ground-level validation of the transition. While corporate press releases speak to strategy, synergies, and valuation, regulatory data like this is where you see execution in motion.

For those tracking M&A progress in the Permian Basin, these permits are critical. They show that:

Field-level integration is underway
Ring is assuming environmental and operational responsibilities
The acquisition is moving from planning to production

🧠 Final Take

Ring Energy’s acquisition of Lime Rock’s CBP assets is more than a bolt-on — it’s a strategically aligned move backed by efficient integration. And thanks to the visibility provided by TCEQ permit filings, stakeholders can track that integration in real time.

Whether you’re an investor, service provider, or analyst, keep watching these permits. They often tell the story before the next press release does.