Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 4

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 4
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 three in Ector County and three in Crane County. Finally, in the Central Basin Platform in Andrews County, the Company drilled four 1-mile horizontal wells, all with a working interest of 100%. Two of these wells were completed. The remaining two wells were completed in the fourth quarter of 2024.

In the fourth quarter of 2024, the Company completed and placed on production the two aforementioned 1-mile horizontal wells in the Central Basin Platform. The Company completed two additional 1-mile horizontal wells in the Central Basin Platform in Andrews County (both with a working interest of 100%). On the southern side of the Central Basin Platform, the Company drilled and completed one vertical well in its Crane County acreage and three vertical wells in its Ector County acreage (each with a working interest of 100%). Also in Crane County the Company drilled three 1-mile horizontal wells (each with a working interest of 100%), completing the first two in the fourth quarter, and the last well will be completed in 2025.

In summary, for 2024, the Company drilled 22 horizontal wells, 22 vertical wells, and one SWD well, completing all but one horizontal well.  The table below sets forth our drilling and completion activities for 2024 by quarter, and full year total through December 31, 2024.

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QuarterAreaWells DrilledWells CompletedDrilled Uncompleted ("DUC") (2)1Q 2024Northwest Shelf (Horizontal)2 2 — Central Basin Platform (Horizontal)3 3 — Central Basin Platform (Vertical)6 6 — Total (1)11 11 — 2Q 2024Northwest Shelf (Horizontal)— — — Central Basin Platform (Horizontal)5 5 — Central Basin Platform (Vertical)6 6 — Total11 11 — 3Q 2024Northwest Shelf (Horizontal)3 3 — Central Basin Platform (Horizontal)4 2 2 Central Basin Platform (Vertical)6 6 — Total13 11 2 4Q 2024Northwest Shelf (Horizontal)— — — Central Basin Platform (Horizontal)5 6 1 Central Basin Platform (Vertical)4 4 — Total9 10 1 FY 2024Northwest Shelf (Horizontal)5 5 — Central Basin Platform (Horizontal)