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]

ACQUISITIONS & DIVESTITURES - Narrative (Details)

ACQUISITIONS & DIVESTITURES - Narrative (Details) $ / shares in Units, a in Thousands									4 Months Ended	5 Months Ended	12 Months Ended
	Dec. 24, 2024 USD ($)	Dec. 01, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 29, 2023 USD ($)	Sep. 27, 2023 USD ($)	Jul. 10, 2023 USD ($)	May 11, 2023 USD ($)	Aug. 31, 2022 USD ($) a $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)	May 24, 2023 $ / shares	Aug. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jul. 01, 2014 USD ($)
Business Acquisition [Line Items]
Line of credit facility, maximum borrowing capacity								$ 600,000,000									$ 1,000,000,000
Preferred stock, par value (in dollars per share) \| $ / shares										$ 0.001	$ 0.001	$ 0.001		$ 0.001
Asset retirement obligations									$ 30,226,306	$ 28,248,084	$ 26,382,517	$ 28,248,084	$ 30,226,306			$ 15,292,054
Delaware Basin
Business Acquisition [Line Items]
Proceeds from divestiture of businesses							$ 8,300,000
Proceeds from divestiture of business							7,600,000
Decrease in asset retirement obligation							$ 2,300,000
New Mexico Divestiture
Business Acquisition [Line Items]
Proceeds from divestiture of businesses					$ 4,500,000
Proceeds from divestiture of business					3,600,000
Decrease in asset retirement obligation					$ 2,400,000
Gaines County Texas Sale
Business Acquisition [Line Items]
Proceeds from divestiture of businesses				$ 1,500,000
Proceeds from divestiture of business				1,400,000
Decrease in asset retirement obligation				500,000
Commission fees				$ 100,000
CBP Vertical Wells
Business Acquisition [Line Items]
Proceeds from divestiture of businesses			$ 5,500,000
Decrease in asset retirement obligation			$ 2,700,000
Revolving Credit Facility \| Line of Credit \| Credit Facility
Business Acquisition [Line Items]
Line of credit facility, maximum borrowing capacity								1,000,000,000
Line of credit facility, current borrowing capacity								$ 600,000,000							$ 350,000,000
Stronghold Acquisition
Business Acquisition [Line Items]
Area of land \| a								37
Fair value of consideration paid to seller								$ 393,980,091
Payments for asset acquisition								165,900,000
Contingent consideration								$ 15,000,000
Payment period								6 months
Inventory and fixed assets								$ 4,527,103
Cash paid for realized losses on August oil derivatives								$ 1,777,925
Shares of common stock issued (in shares) \| shares								21,339,986
Shares of Preferred Stock issued (in shares) \| shares								153,176
Preferred stock, par value (in dollars per share) \| $ / shares								$ 0.001
As-Converted Shares of Ring Common Stock (in shares) \| shares								42,548,892
Derivative liabilities								$ 24,784,406
Suspense liability								1,651,596
Asset retirement obligations								14,538,550
Decrease in asset retirement obligation											0	0	(14,538,550)
Cash paid by bank to Stronghold on closing											0	0	46,500,000
Net assets acquired								$ 403,142,234
Founders Acquisition
Business Acquisition [Line Items]
Payments for asset acquisition						$ 42,502,799
Asset retirement obligations						2,090,777
Decrease in asset retirement obligation											0	(2,090,777)	0
Cash paid by bank to Stronghold on closing						7,500,000					$ 0	$ 7,500,000	$ 0
Purchase price adjustments						10,000,000
Deferred cash payment						$ 11,900,000
Revenue of acquiree										18,000,000
Expenses of acquiree										$ 5,000,000
Yoakum County Acquisition
Business Acquisition [Line Items]
Contingent consideration		$ 1,175,000
Net assets acquired	$ 1,400,000
Down payment		$ 175,000
Stronghold Energy II Operating LLC
Business Acquisition [Line Items]
Revenues									40,400,000
Operating expenses									$ 13,600,000