Ring Energy Announces Accretive Bolt-On Acquisition
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Ring Energy, Inc. has announced an acquisition of Central Basin Platform assets from Lime Rock Resources for $100 million. The deal includes cash and stock components, and aims to expand Ring's operations.
February 26, 2025 | 12:00 pm
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Ring Energy is acquiring Central Basin Platform assets from Lime Rock Resources for $100 million, enhancing its operational footprint.
The acquisition is likely to positively impact Ring Energy's stock price in the short term due to the expansion of its asset base and potential synergies. The deal structure, involving cash and stock, indicates a strategic move to enhance operations.
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