Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 44

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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,264 Gain (loss) on disposal of assets— 279,903 279,903 Other income— 159,712 159,712 Income Before Provision for Income Taxes$110,835,195 $(71,940,968)$38,894,227 Total Assets (3)$1,479,364,319 $36,966,552 $1,516,330,871 Capital expenditures$49,279,044 $— $49,279,044 (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.

38

For the Six months ended June 30, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$193,642,485 $— $193,642,485 Lease operating expenses(37,669,451)— (37,669,451)Gathering, transportation and processing costs(273,683)— (273,683)Ad valorem taxes(3,482,907)— (3,482,907)Oil and natural gas production taxes(8,055,567)— (8,055,567)Depreciation, depletion and amortization (3)— (48,491,871)(48,491,871)Asset retirement obligation accretion— (703,018)(703,018)Operating lease expense— (350,181)(350,181)General and administrative expense— (15,182,756)(15,182,756)Interest income— 223,477 223,477 Interest (expense)— (22,445,071)(22,445,071)Gain (loss) on derivative contracts— (20,843,094)(20,843,094)Gain (loss) on disposal of assets— 89,693 89,693 Other income— 25,686 25,686 Income Before Provision for Income Taxes$144,160,877 $(107,677,135)$36,483,742 Total Assets (3)$1,365,645,578 $24,108,307 $1,389,753,885 Capital expenditures$71,621,840 $— $