Jones & Keller advises Ring Energy, Inc. (NYSE: REI) in an acquisition of the Central Basin Platform assets of Lime Rock Resources for approximately $100 million, including $10 million of common stock.
Jones & Keller, P.C. acted as corporate, securities and tax counsel to Ring Energy, Inc. (NYSE: REI) as it completed an acquisition of Central Basin Platform assets of Lime Rock Resources IV, LP. Lime Rock’s acreage is in Andrews County, Texas where the majority of the acreage directly offsets Ring’s core Shafter Lake operations, and the remaining acreage is prospective for multiple horizontal targets and exposes the Company to new active plays. Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the conventional development of its Permian Basin assets in West Texas and New Mexico.
Jones & Keller attorneys Reid A. Godbolt, Adam J. Fogoros, and Charles E. Wern advised in acquisition agreements, stock purchase agreements, registration rights agreements, voting agreements; and SEC and stock exchange filings.