ClosedPublished 6 Sep 2022

Ring Energy, Inc. /
Stronghold

Ring Energy expands its Texas oil and gas position with Stronghold acquisition

Price
$182.9m
Stage
Closed
Source · 6 Sep 2022
01 / BuyerRing Energy, Inc.
02 / TargetStronghold
01

What happened

Ring Energy, Inc. completed its acquisition of Stronghold, including interests in oil and gas leases and related property in the Central Basin Platform of Texas.

Consideration included approximately $182.9 million in cash, common and preferred shares, and assumed hedge losses. Terms also included a deferred cash payment and customary purchase price adjustments.

02

The source

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01
Source · Source

Ring Energy expands its Texas oil and gas position with Stronghold acquisition

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03

Timeline

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