Ring Energy Enhances Safety, Compliance with Veriforce Partnership

Ring Energy Inc. (NYSE:REI) is one of the best penny stocks under $1 to buy now. On June 24, Ring Energy announced the selection of Veriforce as its exclusive contractor management partner. Veriforce is a global provider of contractor management and workforce qualification solutions and will help Ring Energy streamline its contractor oversight processes and enhance its safety and compliance capabilities.

Through the partnership, Ring Energy gains a centralized solution for efficient management of its entire contractor base. Beyond core compliance management, Ring Energy will use Veriforce’s expert-led workforce training programs, which include SafeLand and Hydrogen Sulfide/H2S awareness courses.

This ensures that contractors meet safety training requirements before commencing work on site.  Veriforce is a global leader in contractor management and offers an integrated SaaS platform that combines contractor qualification, training, evaluation, and compliance tracking.

Ring Energy Inc. (NYSE:REI) is an independent oil & natural gas company that acquires, explores, develops, and produces oil & natural gas properties.

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Disclosure: None. This article is originally published at Insider Monkey.