Ring Energy Announces Addition to Management Team
25 Novembre 2024 - 12:45PM
Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”)
today announced the addition of a new senior technical executive.
Mr. James J. Parr joins Ring as Executive Vice
President, Exploration and Geosciences. Mr. Parr is an experienced
petroleum geologist with over 30 years of energy leadership in all
aspects of the upstream petroleum business in multiple global
organizations. As a key member of the executive team, Ring Energy
is enhancing its ability for further value creation through
identification, capture, and execution of both organic and
inorganic growth opportunities.
Mr. Paul D. McKinney, Chairman of the Board and
Chief Executive Officer, commented, “I have had the pleasure of
working closely with James in the past, who is a respected oil
finder with an established history of successful capital allocation
and portfolio management resulting in impactful, low-cost reserve
additions, and related positive contributions to the bottom line.
We look forward to leveraging James’ extensive technical background
and industry experience to help grow our opportunity set of highly
attractive drilling prospects targeted to further maximize the
Company’s cash flow, improve the balance sheet, and drive increased
value for our stockholders.”
About Mr. Parr
Prior to joining Ring, from June 2022, Mr. Parr
served as Vice President, Global New Ventures for Woodside Energy,
where he was responsible for core exploration and business
development activities worldwide while also supporting upstream
M&A. Preceding BHP’s merger with Woodside in 2022, Mr. Parr
served as Head of Growth, Petroleum for BHP Petroleum from 2021.
Mr. Parr served as Director of International Exploration for
Anadarko Petroleum Corporation from 2018 until acquisition by OXY
at the end of 2019. From 2011 to 2018, Mr. Parr was Vice President,
International New Ventures and Gulf of Mexico for APA (formerly
Apache) Corporation. Before joining Apache, from 2004 to 2011, Mr.
Parr served as Director, Exploration and Business Development for
Cabot Oil & Gas Corporation after serving in several roles of
increasing responsibility with Anadarko, ARCO and BP.
Mr. Parr earned a B.S. degree in Geological
Sciences (Honors) from the University of Aston (Birmingham,
England) followed by doctoral studies in Earth Sciences at the
University of Cambridge (Cambridge, England). Additionally, Mr.
Parr has participated in executive management programs at
Thunderbird School of Executive Management (Arizona State
University), Wharton Business School (University of Pennsylvania),
and Cox School of Business (Southern Methodist University in
Dallas, Texas). Mr. Parr is a Texas Certified Professional
Geologist (#5600).
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration,
development, and production company with current operations focused
on the development of its Permian Basin assets. For additional
information, please visit www.ringenergy.com.
Safe Harbor Statement
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements involve a wide variety of risks
and uncertainties, and include, without limitation, statements with
respect to the Company’s strategy and prospects, and the expected
impact and timing of any new personnel or expected personnel
transitions. Such statements are subject to certain risks and
uncertainties which are disclosed in the Company’s reports filed
with the Securities and Exchange Commission, including its Form
10-K for the fiscal year ended December 31, 2023, and its other
filings. Ring undertakes no obligation to revise or update publicly
any forward-looking statements, except as required by law.
Contact Information
Al Petrie AdvisorsAl Petrie, Senior PartnerPhone:
281-975-2146Email: apetrie@ringenergy.com
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