REI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-06

• Ring Energy, Inc. (the “Company,” “Ring,” “we,” “us,” “our” and similar terms) is an independent, growth-oriented oil and natural gas exploration and production company headquartered in The Woodlands, Texas and focused on the Permian Basin. Our operations are concentrated in the Northwest Shelf and …

• Our operating strategy is centered on the following priorities:

• •Growing production and reserves through disciplined development. Ring seeks to develop its oil-rich resource base through a combination of conventional and horizontal drilling across the Northwest Shelf and Central Basin Platform, with an emphasis on operating within cash flow and generating compet…

• •Reducing long-term debt and strengthening the balance sheet. The Company intends to reduce leverage primarily through the use of excess cash flow and, where appropriate, selective non-core asset sales. The Company's field-level margins and asset quality position it to continue deleveraging over tim…

• •Employing industry-leading drilling and completion techniques. Ring’s executive team leverages technological advancements in completion design, geological evaluation, and reservoir engineering to optimize well performance and capital efficiency, contributing to a competitive cost structure and gene…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• Ring Energy, Inc. (the “Company,” “Ring,” “we,” “us,” “our” and similar terms) is a growth oriented independent oil and natural gas exploration and production company based in The Woodlands, Texas engaged in oil and natural gas development, production, acquisition, and exploration activities current…

• •Growing production and reserves by developing our oil-rich resource base through conventional and horizontal drilling. In an effort to maximize its value and resources potential, Ring intends to drill and develop its acreage base in both the Northwest Shelf and Central Basin Platform, allowing Ring…

• •Reduction of long-term debt and deleveraging of asset. Ring intends to reduce its long-term debt primarily through the use of excess cash flow and potentially through the sale of non-core assets. The Company believes that with its attractive field level margins, it is positioned to maximize the val…

• •Employ industry leading drilling and completion techniques. Ring’s executive team intends to utilize new and innovative technological advancements for completion optimization, comprehensive geological evaluation, and reservoir engineering analysis to generate value and to build future development o…

• •Pursue strategic acquisitions with attractive upside potential. Ring has a history of acquiring leasehold positions that it believes to have additional resource potential that meet its targeted returns on invested capital and comparable to its existing inventory of drilling locations. We pursue an …

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• Currently, we do not use interest rate derivative instruments to manage exposure to interest rate changes.