debt_leverage_profile
0.05x Total Debt / Equity (Conservative)
High
SEC-XBRL
interest_rate_sensitivity
A 200bps rate increase adds ~$20-25M annual interest expense given ~$1.1B variable-rate debt; material but manageable at current oil prices above $70/bbl.
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Permian Basin oilfield services concentration and Midwest steel/tubular goods subject to tariff and trade disruption risks.
Inferred
Agent_Inference
international_expansion_readiness
null
Inferred
Agent_Inference
geographic_footprint
100% domestic U.S. operations in Permian Basin, Northwest Shelf, and Central Basin Platform; zero sovereign currency devaluation exposure.
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Crude Oil, Natural Gas, Coal, Refined Petroleum Products, Uranium, Steel (equipment); geopolitical: OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
Oilfield services vendors (e.g., Halliburton, SLB) represent significant input costs but are substitutable; no single vendor exceeds 30% non-substitutably.
Inferred
Agent_Inference
business_model_type_primary
Physical upstream E&P operator; no cloud infrastructure dependency; 30-day AWS termination would have negligible operational impact.
Inferred
Agent_Inference
business_model_type_secondary
Back-office and reservoir modeling software (e.g., Schlumberger Petrel) could face disruption but are replaceable within 60-90 days.
Inferred
Agent_Inference
switching_cost_profile
Minimal API coupling risk; Ring Energy uses standard oilfield data and ERP systems with no proprietary API lock-in dependencies.
Inferred
Agent_Inference
howey_test_risk_index
Low Howey Test risk; revenue derived from oil and gas commodity sales, not investment contracts or profit-sharing schemes.
Inferred
Agent_Inference
regulatory_burden_tier
High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Minimal GDPR/CCPA exposure; no consumer data collected, operations entirely B2B domestic commodity sales with limited personal data processing.
Inferred
Agent_Inference
antitrust_exposure_flag
Low antitrust risk; Ring Energy holds ~1% of Permian production with no market-dominant position or price-setting capability.
Inferred
Agent_Inference
regulatory_exposure_profile
High burden; regimes: EPA, FERC, DOE, CFTC, OSHA, SEC; Accelerating emissions mandates and methane rules threaten capex economics.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~100% transactional; revenue entirely from spot and short-term contracted crude oil, NGL, and natural gas commodity sales.
Inferred
Agent_Inference
monetization_vector
Commodity price-volume monetization; revenue = realized price per BOE × production volumes, with no subscription or SaaS component.
Inferred
Agent_Inference
pricing_architecture
Price-taker model; realized prices linked to WTI/Henry Hub benchmarks less regional differentials; no proprietary pricing power architecture.
Inferred
Agent_Inference
pricing_power_rating
Very low; Ring Energy is a pure commodity price-taker with realized prices 95-100% correlated to benchmark index pricing.
Inferred
Agent_Inference
target_gross_margin_bracket
Lease operating expense ~$18-22/BOE against $60-75 realized price implies 65-72% gross margin, highly sensitive to commodity price swings.
Inferred
Agent_Inference
churn_vulnerability_index
No free-rider leakage; physical commodity business with direct customer contracts for crude offtake; churn risk tied to offtake contract renewals.
Inferred
Agent_Inference
headcount_cost_structure
Revenue growth is largely headcount-sublinear; production increases via capital deployment, not proportional headcount; ~250-300 employees total.
Inferred
Agent_Inference
marginal_cost_of_growth
Marginal growth cost is capital-intensive (drilling/completion ~$5-8M per well) but operationally sublinear on headcount; primary constraint is capital, not labor.
Inferred
Agent_Inference
franchise_compliance_risk
null
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, per-BOE LOE likely improves 15-20% via operational leverage; major constraint shifts to acreage inventory and service cost inflation.
Inferred
Agent_Inference
network_effect_present
No network effects present; oil and gas upstream production is a purely linear physical commodity business with zero demand-side scale benefits.
Inferred
Agent_Inference
asset_efficiency_ratio
-3.0% Return on Assets (Negative equity)
High
SEC-XBRL
recession_resistance_tier
Low recession resistance; revenue directly correlated to oil/gas demand cycles; prior recessions showed 40-60% revenue declines at trough commodity prices.
Inferred
Agent_Inference
customer_segment_primary
Crude oil purchasers/refiners (e.g., Plains All American, major refiners); likely 2-3 purchasers represent 60-80% of crude revenue.
Inferred
Agent_Inference
customer_segment_secondary
Natural gas and NGL midstream purchasers/processors in Permian Basin; secondary segment represents ~15-25% of total revenue.
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "19-0000 Life, Physical, and Social Science Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations", "53-0000 Transportation and Material Moving Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.33 (HIL — ~33% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
0.0% CapEx / Revenue (Low-CapEx Asset-Light)
High
SEC-XBRL
sec_cik
0001384195
High
SEC-EDGAR
ticker
REI
High
SEC-EDGAR