Ring Energy has appointed Sonu Johl as its new CFO and Treasurer, effective February 27, 2026. He replaces Travis Thomas stepped down in September.

Ring Energy is an acquisitive E&P company focused on the Permian Basin. It went public in 2013 and moved its head office from Midlands to The Woodlands in 2020 following the appointment of Paul McKinney as its new CEO. The company has a relatively high debt load  ($428 million at the end of September, though that was down $20 million in the quarter).

Mr. Johl joins from Raymond James & Associates where he spent six years as Managing Director, Co-Head of Energy Investment Banking. He advised public and private E&P companies doing business in the Permian Basin and other US onshore basins.  Prior to that, Mr Johl worked at UBS and Citi investment banks.

Mr. Johl will receive a base salary of $425,000. He will also restricted stock units worth $400,000 that will vest over three years as well as $600,000 of performance stock units that will vest after three years, provided certain performance thresholds are achieved.

SEC filing – 8-K Ring Energy appoints new CFO