Ring Energy
Ring Energy, Inc., a prominent player in the oil and gas industry, is headquartered in the United States, with significant operations in the Permian Basin and the Central Basin Platform. Founded in 2011, the company has rapidly established itself as a key operator in the exploration and production of oil and natural gas, focusing on enhancing production through innovative techniques and strategic acquisitions. Specialising in the development of oil-rich properties, Ring Energy offers a unique portfolio of assets that distinguishes it from competitors. The company is recognised for its commitment to operational efficiency and sustainable practices, which have contributed to its strong market position. With a track record of successful drilling programmes and a growing reserve base, Ring Energy continues to make strides in the energy sector, positioning itself for future growth and success.
DitchCarbon Score
How does Ring Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ring Energy's score of 17 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ring Energy's reported carbon emissions
In 2022, Ring Energy, headquartered in the US, reported total carbon emissions of approximately 253,205 tonnes CO2e. This figure includes about 191,090 tonnes CO2e from Scope 1 emissions, which encompass direct emissions from their operations, and around 62,915 tonnes CO2e from Scope 2 emissions, related to indirect emissions from purchased electricity. Over the years, Ring Energy has seen fluctuations in its emissions. In 2021, the company emitted about 181,879 tonnes CO2e, with Scope 1 emissions at approximately 121,739 tonnes CO2e and Scope 2 emissions at around 59,914 tonnes CO2e. The 2020 emissions were significantly higher, totalling about 174,920 tonnes CO2e, primarily driven by Scope 1 emissions of approximately 113,690 tonnes CO2e. Despite these figures, there are currently no publicly stated reduction targets or commitments from Ring Energy regarding their carbon emissions. The absence of specific climate pledges or initiatives indicates a potential area for improvement in their sustainability strategy. As the industry increasingly prioritises climate action, Ring Energy may need to consider establishing measurable targets to align with global climate goals.
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Add to project| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 881 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 178,010 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 285,560 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ring Energy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
