Company: REI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023254
Chunk: 132

Company: RING ENERGY, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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942 Income (Loss) Before Benefit from (Provision for) Income Taxes$54,093,480 $(41,941,565)$12,151,915 Total Assets (3)$1,482,143,321 $23,466,953 $1,505,610,274 Capital expenditures$32,451,531 $— $32,451,531 

31

(3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization as a significant Exploration and Production segment expense, the Company has included this expense within the Corporate column of the reconciliation table.For the three months ended March 31, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$94,503,136 $— $94,503,136 Lease operating expenses(18,360,434)— (18,360,434)Gathering, transportation and processing costs(166,054)— (166,054)Ad valorem taxes(2,145,631)— (2,145,631)Oil and natural gas production taxes(4,428,303)— (4,428,303)Depreciation, depletion and amortization (3)— (23,792,450)(23,792,450)Asset retirement obligation accretion— (350,834)(350,834)Operating lease expense— (175,091)(175,091)General and administrative expense— (7,469,222)(7,469,222)Interest income— 78,544 78,544 Interest (expense)— (11,498,944)(11,498,944)Gain (loss) on derivative contracts— (19,014,495)(19,014,495)Gain (loss) on disposal of assets— 38,355 38,355 Other income— 25,686 25,686 Income (Loss) Before Benefit from (Provision for) Income Taxes$69,402,714 $(62,158,451)$7,244,263 Total Assets (3)$1,356,323,667 $28,360,273 $1,384,683,940 Capital expenditures$36,261,008 $— $36,261,008 

The following table discloses the purchasers from