Ring Energy has increased its sales guidance for Q2 2024, projecting 13,500 to 13,700 Bopd and 19,500 to 19,700 Boepd, surpassing prior guidance ranges. The company reduced its debt by $15 million, ending the period with $407 million of outstanding borrowings. This debt reduction was driven by higher-than-expected sales volumes and efficiencies in their drilling program. Ring Energy reaffirmed its $600 million borrowing base under its $1 billion credit facility, with $193 million of borrowing availability remaining. CEO Paul D. McKinney emphasized the company's focus on maximizing free cash flow and further debt reduction for the rest of the year.