News
17 August 2023

Ring draws on revolver to close Founders acquisition

In:
Oil & gas
Region:
Americas

Ring Energy has closed on its $65 million acquisition of the Founders Oil & Gas IV producing assets in the Central Permian Basin in Texas. The acquisition comprised a cash deposit of $7.5 million, which was paid in July 2023, $42.5 million paid at closing, and a deferred cash payment of $15...

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