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

REVOLVING LINE OF CREDIT (Details Textual)

v2.4.1.9

REVOLVING LINE OF CREDIT (Details Textual) (USD $)	1 Months Ended			3 Months Ended
REVOLVING LINE OF CREDIT (Details Textual) (USD $)	Mar. 31, 2015	Jul. 31, 2014	May 31, 2014	Mar. 31, 2015
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40,000,000	$ 150,000,000		$ 40,000,000
Debt Instrument, Maturity Date		Jul. 01, 2019	Oct. 30, 2015
Debt Instrument, Interest Rate During Period	1.00%
Leverage Ratio, Total				4.0 to 1.0
Minimum Leverage Ratio Current				1.0 to 1.0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description				0.5%
Line of Credit Facility, Fair Value of Amount Outstanding	$ 10,000,000			$ 10,000,000
Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum				6.00%
Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.75%
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum				2.75%

- Definition

Represents the leverage ratio of credit facility.

+ References

No definition available.

+ Details

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- Definition

Represents the leverage ratio of credit facility for the current period.

+ References

No definition available.

+ Details

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

+ Details

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- Definition

The average effective interest rate during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

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-Subparagraph (SX 210.5-02.22(a)(1))

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- Definition

When presenting a range of interest rates, the highest effective rate for funds borrowed under the debt agreement as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

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- Definition

When presenting a range of interest rates, the lowest effective rate for funds borrowed under the debt agreement as of the balance sheet date.

+ References

+ Details

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- Definition

Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

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- Definition

Fair value of the amount outstanding under the credit facility.

+ References

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- Definition

Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

+ Details

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