Ring Energy REI Business Segments — Workovers
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Where this comes from
Reported directly by Ring Energy in its filing.
Tagged under the XBRL concept rei:OperatingLeaseWorkoverExpense.
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 business segments — workovers?
- Ring Energy (REI) reported business segments — workovers of $3.24M in Q1 2026.
- How has Ring Energy's business segments — workovers changed year-over-year?
- Ring Energy's business segments — workovers increased by 15.2% year-over-year, from $2.82M to $3.24M.
- What is the long-term trend for Ring Energy's business segments — workovers?
- Over 3 years (2022 to 2025), Ring Energy's business segments — workovers has grown at a 17.3% compound annual growth rate (CAGR), from $7.44M to $12.03M.
- What does business segments — workovers mean?
- Workover expenses relate to the costs of performing remedial operations on existing wells to restore, maintain, or improve production rates. These expenditures are critical for extending the economic life of assets and optimizing recovery from mature reservoirs.