Ring Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Details)

DERIVATIVE FINANCIAL INSTRUMENTS (Details)		12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Details)	May 29, 2020 USD ($)	Dec. 31, 2019 USD ($) BarrelOfButane $ / bbl	Dec. 31, 2020 BarrelOfButane $ / bbl	Dec. 31, 2018 BarrelOfButane $ / bbl
Cash Payment Receipt on Unwound Costless Collars \| $	$ 5,435,136
Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane			5,500
Swap Contract
Derivative, Price Risk Option Strike Price			33.24
Period One
Cash Payment Receipt on Unwound Costless Collars \| $		$ 3,438,300
Period One \| Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane		2,000	1,000	1,000
Period One \| Commodity Contract \| Call Option
Derivative, Price Risk Option Strike Price		70.05	65.83	54.60
Period One \| Commodity Contract \| Put Option
Derivative, Price Risk Option Strike Price		60.00	50.00	49.00
Period Two \| Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane			1,000	1,000
Period Two \| Commodity Contract \| Call Option
Derivative, Price Risk Option Strike Price			65.40	54.80
Period Two \| Commodity Contract \| Put Option
Derivative, Price Risk Option Strike Price			50.00	51.00
Period Three \| Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane			1,000
Period Three \| Commodity Contract \| Call Option
Derivative, Price Risk Option Strike Price			58.40
Period Three \| Commodity Contract \| Put Option
Derivative, Price Risk Option Strike Price			50.00
Period Four \| Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane			1,000
Period Four \| Commodity Contract \| Call Option
Derivative, Price Risk Option Strike Price			58.25
Period Four \| Commodity Contract \| Put Option
Derivative, Price Risk Option Strike Price			50.00
Period Five \| Commodity Contract
Number Of Barrels Per Day \| BarrelOfButane			1,500
Period Five \| Commodity Contract \| Call Option
Derivative, Price Risk Option Strike Price			58.65
Period Five \| Commodity Contract \| Put Option
Derivative, Price Risk Option Strike Price			50.00