Ring Energy REI Asset Retirement Obligation Accretion Expense
Asset Retirement Obligation Accretion Expense at other companies
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Where this comes from
Reported directly by Ring Energy in its filing.
Tagged under the XBRL concept us-gaap:AssetRetirementObligationAccretionExpense.
The official record: Ring Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Ring Energy's asset retirement obligation accretion expense?
- Ring Energy (REI) reported asset retirement obligation accretion expense of $395.5K in Q1 2026.
- How has Ring Energy's asset retirement obligation accretion expense changed year-over-year?
- Ring Energy's asset retirement obligation accretion expense increased by 21.1% year-over-year, from $326.55K to $395.5K.
- What is the long-term trend for Ring Energy's asset retirement obligation accretion expense?
- Over 4 years (2021 to 2025), Ring Energy's asset retirement obligation accretion expense has grown at a 19.0% compound annual growth rate (CAGR), from $744.05K to $1.49M.
- What does asset retirement obligation accretion expense mean?
- Represents the periodic increase in the carrying amount of the liability for asset retirement obligations due to the passage of time. This non-cash expense reflects the estimated cost of plugging, abandoning, and reclaiming oil and gas wells at the end of their productive lives. It provides insight into the long-term environmental and regulatory liabilities associated with the company's asset base.