Ring Energy Announces Executive Management Changes
December 16 2020 - 4:05PM
Business Wire
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”)
announced today executive management changes effective December 31,
2020.
The Company has announced the promotion of Mr. Alex Dyes to
Executive Vice President of Engineering and Corporate Strategy, the
promotion of Mr. Marinos Baghdati to Executive Vice President of
Operations, and the promotion of Hollie Lamb to Vice President of
Compliance and General Manager of the Midland, Texas office. Mr.
Dyes and Mr. Baghdati will report directly to Paul D. McKinney,
Chief Executive Officer and Chairman of the Board and Ms. Lamb will
report to Mr. Dyes.
Additionally, Mr. David A. Fowler will step down from his
position as President, but will remain in Midland, Texas in a
consulting capacity with the Company taking over for Bill Parsons
managing Investor Relations. In this new role, Mr. Fowler will also
be assisting Mr. Dyes with Business Development. Mr. Danny Wilson,
who has served the Company as the Executive Vice President and
Chief Operating Officer since 2013, will be leaving the Company
following the conclusion of a transition period to explore new
professional opportunities.
Paul D. McKinney, Chief Executive Officer and Chairman of the
Board, commented, “I would like to thank Bill Parsons for his many
years of service to this company and its shareholders and wish him
the very best in retirement. I would also like to thank David
Fowler and Danny Wilson for their contribution to the Ring Energy
story since its early days in 2013. The conventional, low decline,
and long-life producing assets that form the foundation of this
company is the result of their foresight, knowledge, and experience
on what it takes to build a great oil and gas company. We are
grateful for the opportunity to build upon their success and
continue building shareholder value.” Additionally, Mr. McKinney
said, “I would like to congratulate and thank Mr. Alex Dyes, Mr.
Marinos Baghdati, and Ms. Hollie Lamb for accepting their new
executive roles working with me to forge the path to greater
profitability and growth.”
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development,
and production company with current operations in Texas and New
Mexico. www.ringenergy.com
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements involve a wide variety of risks and uncertainties, and
include, without limitations, statements with respect to the
Company’s strategy and prospects. Such statements are subject to
certain risks and uncertainties which are disclosed in the
Company’s reports filed with the SEC, including its Form 10-K for
the fiscal year ended December 31, 2019, its Form 10Q for the
quarter ended September 30, 2020 and its other filings with the
SEC. Readers and investors are cautioned that the Company’s actual
results may differ materially from those described in the
forward-looking statements due to a number of factors, including,
but not limited to, the Company’s ability to acquire productive oil
and/or gas properties or to successfully drill and complete oil
and/or gas wells on such properties, general economic conditions
both domestically and abroad, and the conduct of business by the
Company, and other factors that may be more fully described in
additional documents set forth by the Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20201216005960/en/
David Fowler Ring Energy, Inc. Office: (432) 682-7464
Bill Parsons K M Financial, Inc. (702) 489-4447
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