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

Quarterly report pursuant to Section 13 or 15(d)

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

COMMITMENTS AND CONTINGENCIES - Narrative (Details)

v3.24.1.u1

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	3 Months Ended
COMMITMENTS AND CONTINGENCIES - Narrative (Details)	Mar. 31, 2024 USD ($)	Feb. 23, 2024 USD ($)	Feb. 22, 2024 USD ($)	Jan. 10, 2024 USD ($) insuranceCompany	Aug. 31, 2022 USD ($)	Jul. 01, 2014 USD ($)
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity					$ 600,000,000	$ 1,000,000,000
Carrying value	$ 25,000
Number of insurance companies \| insuranceCompany				2
Surety Bond \| Insurance Company One
Loss Contingencies [Line Items]
Carrying value				$ 250,000
Surety Bond \| Insurance Company Two
Loss Contingencies [Line Items]
Carrying value				$ 2,000,000
Surety Bond
Loss Contingencies [Line Items]
Carrying value	$ 2,275,000
Extended term for surety bonds	1 year
Surety Bond \| NEW MEXICO
Loss Contingencies [Line Items]
Carrying value	$ 500,438
Standby Letters of Credit
Loss Contingencies [Line Items]
Standby letters of credit drawn	$ 0
State and Federal Agencies \| Standby Letters of Credit
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity		$ 10,000	$ 260,000
Extended term under letter of credit arrangement (in years)	1 year
Insurance Company \| Standby Letters of Credit
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity		$ 25,000	$ 500,438

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