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 17 is lower than 75% 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 reported total carbon emissions of approximately 253,005,000 kg CO2e, comprising 191,090,000 kg CO2e from Scope 1 and 62,915,000 kg CO2e from Scope 2. The company has shown a significant increase in emissions from previous years, with Scope 1 emissions rising from about 113,690,000 kg CO2e in 2020 to 191,090,000 kg CO2e in 2022. Despite the increase in emissions, there are currently no publicly available reduction targets or climate pledges from Ring Energy. The absence of specific reduction initiatives or commitments suggests that the company may be in the early stages of developing a comprehensive climate strategy. As the energy sector increasingly focuses on sustainability, Ring Energy's future commitments will be crucial in addressing its carbon footprint and aligning with industry standards for climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
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.
