Kelly Hoffman is the Chief Executive Officer of Ring Energy Inc., a position he has held since January 2013. With a background in architectural engineering and over four decades in the oil and gas industry, he has led the company...

Kelly Hoffman is the Chief Executive Officer of Ring Energy Inc., a position he has held since January 2013. With a background in architectural engineering and over four decades in the oil and gas industry, he has led the company through significant growth phases. Under his leadership, Ring increased its oil and gas production remarkably, reaching over 2.2 million Barrels of Oil Equivalent (BOE) in 2018, a notable increase from previous years. Hoffman also played a crucial role in operational efficiency, achieving a substantial drop in production costs to $11.11 per BOE by 2017. This focus on efficiency was complemented by strategic capital raises, allowing Ring to enhance its financial flexibility and support future growth. Interestingly, Hoffman's total compensation package in 2017 reached $847,240, including a base salary of $205,000 and substantial equity in the company. On the insider trading front, Hoffman made significant moves in 2021, with trading activities amounting to over $5.5 million, highlighting both confidence in the company and an active role in its financial strategy. Ultimately, Hoffman's tenure is marked by increased production, enhanced operational performance, and a commitment to aligning the company's growth with shareholder interests.