Ring Energy, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	12 Months Ended
REVENUE RECOGNITION (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Oil	$ 363,971,394	$ 349,044,863	$ 321,062,672
Natural gas	(9,265,335)	334,175	18,693,631
Natural gas liquids	11,621,355	11,676,963	7,493,234
Total oil, natural gas, and natural gas liquids revenues	$ 366,327,414	$ 361,056,001	$ 347,249,537

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

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+ Details