News Releases

  • RAM Energy Announces Expense Reduction Efforts

    In response to the historic and rapid drop in oil prices related to Saudi Arabia’s and Russia’s announcement of oil oversupply during a demand decrease related to the COVID-19 Pandemic, the Board of Directors of RAM Energy has directed management of RAM Energy to immediately and materially reduce overhead and field expenses to ensure long-term survivability and stability.  Beginning in April 2020, RAM Energy will decrease overhead and field operating expenditures by 25% which will occur through a combination of eliminating redundancies, corporate-wide salary cuts, benefit reductions and optimization of field management procedures.

    During this tumultuous time, the Board of Directors and management of RAM Energy will ensure compliance with state and local regulatory policies and maintenance of our safety record and procedures while optimizing production and protecting leasehold interests for long-term value preservation. 

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About RAM Energy

RAM Energy is an independent oil and natural gas producer engaged in the acquisition, exploration and development of both conventional and non-conventional oil and gas assets. RAM has a long history of successfully drilling oil and natural gas wells in core areas in Texas, Oklahoma and Louisiana. Currently, RAM Energy is focused on extending its success in the Giddings Austin Chalk Field in Fayette County, Texas.