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 reserves, Ring Energy is recognised for its efficient drilling practices and commitment to sustainability. The company’s unique approach to resource management has positioned it favourably within the competitive landscape, allowing it to achieve notable milestones in production growth and operational efficiency. With a strong emphasis on maximising shareholder value, Ring Energy continues to solidify its reputation as a reliable and forward-thinking entity in the energy sector.
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 15 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ring Energy's reported carbon emissions
In 2023, Ring Energy, headquartered in the US, reported total carbon emissions of approximately 193,551,000 kg CO2e, comprising 111,920,000 kg CO2e from Scope 1 emissions and 81,623,000 kg CO2e from Scope 2 emissions. Notably, the Scope 1 emissions included about 2,310,000 kg CO2e from fugitive emissions. The company has shown a significant reduction in emissions compared to 2022, where total emissions were approximately 335,282,000 kg CO2e, with Scope 1 emissions at 272,367,000 kg CO2e and Scope 2 emissions at 62,842,000 kg CO2e. Despite these reductions, Ring Energy has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. Overall, Ring Energy's emissions data reflects a commitment to monitoring and reducing their carbon footprint, although further initiatives and targets would enhance their climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 113,690,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 60,423,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
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 participating in any of the initiatives that 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.
