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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details)

v3.20.2

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details) - Jun. 30, 2020	$ / bbl	bbl	USD ($)
Commodity Contract
Barrels per day \| bbl		1,000
Commodity Contract \| Put Option
Put price	50.00
Commodity Contract \| Call Option
Call price	65.83
Commodity Contract A
Barrels per day \| bbl		1,000
Commodity Contract A \| Put Option
Put price	50.00
Commodity Contract A \| Call Option
Call price	65.40
Commodity Contract B
Barrels per day \| bbl		1,000
Commodity Contract B \| Put Option
Put price	50.00
Commodity Contract B \| Call Option
Call price	58.40
Commodity Contract C
Barrels per day \| bbl		1,000
Commodity Contract C \| Put Option
Put price	50.00
Commodity Contract C \| Call Option
Call price	58.25
Commodity Contract D
Barrels per day \| bbl		1,500
Commodity Contract D \| Put Option
Put price	50.00
Commodity Contract D \| Call Option
Call price	58.65
Commodity Contract E
Barrels per day \| bbl		1,000
Commodity Contract E \| Put Option
Put price	45.00
Commodity Contract E \| Call Option
Call price	54.75
Commodity Contract F
Barrels per day \| bbl		1,000
Commodity Contract F \| Put Option
Put price	45.00
Commodity Contract F \| Call Option
Call price	52.71
Commodity Contract G
Barrels per day \| bbl		1,000
Commodity Contract G \| Put Option
Put price	40.00
Commodity Contract G \| Call Option
Call price	55.08
Commodity Contract H
Barrels per day \| bbl		1,500
Commodity Contract H \| Put Option
Put price	40.00
Commodity Contract H \| Call Option
Call price	55.35
Swap Contract
Barrels per day		5,500	5,500
Swap Price	33.24

- Definition

The Price at which the contract was entered into with respect to Call Option

+ References

No definition available.

+ Details

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Namespace Prefix:	rei_
Data Type:	srt-types:perUnitItemType
Balance Type:	na
Period Type:	instant

- Definition

The Price at which the contract was entered into swap contract price.

+ References

No definition available.

+ Details

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Namespace Prefix:	rei_
Data Type:	srt-types:perUnitItemType
Balance Type:	na
Period Type:	instant

- Definition

Nominal number of units used to calculate payment on derivative.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959

+ Details

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Period Type:	instant

- Definition

The strike price on the price risk option contract such as a put option or a call option.

+ References

No definition available.

+ Details

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- Details

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