Ring Energy REI Increase in asset retirement costs and obligations
Increase in asset retirement costs and obligations at other companies
Other financials
Where this comes from
Reported directly by Ring Energy in its filing.
Tagged under the XBRL concept us-gaap:AssetRetirementObligationPeriodIncreaseDecrease.
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 increase in asset retirement costs and obligations?
- Ring Energy (REI) reported increase in asset retirement costs and obligations of $17.42K in Q1 2026.
- How has Ring Energy's increase in asset retirement costs and obligations changed year-over-year?
- Ring Energy's increase in asset retirement costs and obligations increased by 3.3% year-over-year, from $16.87K to $17.42K.
- What is the long-term trend for Ring Energy's increase in asset retirement costs and obligations?
- Over 4 years (2021 to 2025), Ring Energy's increase in asset retirement costs and obligations has grown at a -14.9% compound annual growth rate (CAGR), from $171.39K to $89.92K.
- What does increase in asset retirement costs and obligations mean?
- This metric captures the net change in the estimated liability for the future costs of plugging, abandoning, and restoring oil and gas properties at the end of their productive life. It reflects adjustments due to new drilling activities, changes in environmental regulations, or updates to cost estimates. A significant increase may indicate expanding operations or higher anticipated future environmental remediation costs.