Jones & Keller advises Ring Energy, Inc. (NYSE: REI) in an acquisition of the Central Basin Platform assets of Founders Oil & Gas IV, LLC for approximately $75 million.
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 Founders Oil & Gas IV, LLC operating in the Permian Basin in Ector County, Texas and focusing on the development of approximately 3,600 net acres. 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, Samuel E. Wing, 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.