RING ENERGY EO ACQEHRE SERONGHOLD FOR UP TO$465 MILLION

摘要

Ring Energy Inc. agreed on July 5 to acquire Stronghold Energy, a privately held EP with a position in the Permian Basin's Central Basin Platform, in an agreement worth up to $465 million. "We are excited to announce the agreement to acquire Stronghold's conventional asset base, which we expect will further diversify our commodity mix and provide increased optionality on multiple fronts upon closing," Paul D. McKinney, chairman and CEO of Ring Energy, commented in a company release.