NAI Partners represented Ring Energy, Inc., in its 16,000-square-foot headquarters relocation to 1725 Hughes Landing Boulevard in The Woodlands, Texas. The company’s corporate headquarters was previously located in Midland, Texas.
NAI Partners’ Charlie Neuhaus and Harry Holmes, partners in the firm’s office tenant rep group, represented Ring Energy in the transaction. The sublandlord was represented by Jerrod McQuain of JLL.
“We are implementing a new strategic vision for Ring and relocating our headquarters to The Woodlands is one of the key first steps in this process,” said Paul D. McKinney, Ring’s chief executive officer and chairman of the board. “Increasing our accessibility to the diverse and experienced energy workforce in the greater Houston area was among our key objectives, and this move meets that important goal.”
“We were excited to be able to partner with Ring Energy to help them carry out a key component of their strategic plan, and it’s also an encouraging sign for our market to see a longstanding Texas-based oil and gas company relocate its corporate headquarters to the Greater Houston area,” said Neuhaus.
Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the conventional development of its Permian Basin assets in West Texas and New Mexico.