Ring Energy moves corporate headquarters from Midland to Woodlands

Ring Energy said this week it relocated its corporate headquarters from Midland to The Woodlands effective Jan. 19 as it implements “a new strategic vision.” Ring said Monday it is closing offices in Andrews and Tulsa and downsizing its Midland office. Paul D. McKinney, CEO and chairman, said, “We wanted to reduce our fixed G&A costs while increasing our accessibility to the diverse and experienced energy workforce in the greater Houston area. This move accomplishes both objectives.” Ring said these actions are expected to result in an annual savings for office G&A costs of 15 percent.

Ring Energy is an oil and gas exploration, development and production company with current operations focused on conventional development of assets in Permian Basin of Texas and New Mexico.