Ring Energy’s facility acquisitions, revealed through TCEQ permit transfers, underscore its strategic expansion in Andrews County. As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. These regulatory transfers aren’t just formalities — they’re indicators of who’s doubling down and who’s cashing out in the Permian Basin.
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.
Ring Energy, Inc. (NYSE American: REI) has officially closed its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources, adding ~17,700 net acres in Andrews County, Texas to its growing Permian Basin footprint.
Ring Energy ranks #80 in wells drilled in 2022 with 26 wells drilled in the Mid Continent of the US. Primary operations are in the Permian Basin located Yoakum County & Andrews County.
