Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details)

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details)	Dec. 31, 2022 MMBTU $ / MMBTU	Dec. 31, 2021 MMBTU $ / MMBTU	Mar. 31, 2021 bbl $ / bbl
Oil \| Commodity Contract A
Barrels per day \| bbl			1,000
Oil \| Commodity Contract A \| January 2021 Through December 2021
Barrels per day \| bbl			2,000
Swap Price			45.37
Oil \| Commodity Contract A \| January 2022 through December 2022
Barrels per day \| bbl			500
Swap Price			44.22
Oil \| Commodity Contract A \| Put Option
Put price			45.00
Oil \| Commodity Contract A \| Call Option
Call price			54.75
Oil \| Commodity Contract B
Barrels per day \| bbl			1,000
Oil \| Commodity Contract B \| January 2021 Through December 2021
Barrels per day \| bbl			500
Swap Price			45.38
Oil \| Commodity Contract B \| January 2022 through December 2022
Barrels per day \| bbl			500
Swap Price			44.75
Oil \| Commodity Contract B \| Put Option
Put price			45.00
Oil \| Commodity Contract B \| Call Option
Call price			52.71
Oil \| Commodity Contract C
Barrels per day \| bbl			1,000
Oil \| Commodity Contract C \| January 2021 Through December 2021
Barrels per day \| bbl			500
Swap Price			45.00
Oil \| Commodity Contract C \| January 2022 through December 2022
Barrels per day \| bbl			500
Swap Price			44.97
Oil \| Commodity Contract C \| Put Option
Put price			40.00
Oil \| Commodity Contract C \| Call Option
Call price			55.08
Oil \| Commodity Contract D
Barrels per day \| bbl			1,500
Oil \| Commodity Contract D \| January 2021 Through December 2021
Barrels per day \| bbl			500
Swap Price			45.40
Oil \| Commodity Contract D \| January 2022 through December 2022
Barrels per day \| bbl			250
Swap Price			45.98
Oil \| Commodity Contract D \| Put Option
Put price			40.00
Oil \| Commodity Contract D \| Call Option
Call price			55.35
Oil \| Commodity Contract E \| January 2021 Through December 2021
Barrels per day \| bbl			500
Swap Price			45.60
Oil \| Commodity Contract E \| January 2022 through December 2022
Barrels per day \| bbl			250
Swap Price			47.00
Oil \| Commodity Contract F \| January 2021 Through December 2021
Barrels per day \| bbl			500
Swap Price			45.96
Oil \| Commodity Contract F \| January 2022 through December 2022
Barrels per day \| bbl			250
Swap Price			50.05
Natural Gas \| January 2021 Through December 2021
Barrels per day \| MMBTU		6,000
Swap Price \| $ / MMBTU		2.9910
Natural Gas \| January 2022 through December 2022
Barrels per day \| MMBTU	5,000
Swap Price \| $ / MMBTU	2.7255