Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 203

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 2
Chunk 203
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4326322,8501,448

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Production History

The following table presents the historical information regarding our produced oil, natural gas and natural gas liquid volumes for the years ended December 31, 2024, 2023, and 2022:

Years ended December 31,202420232022Oil (Bbls)Central Basin Platform2,851,7882,347,0681,409,211Delaware Basin (2)—25,74381,936Northwest Shelf2,009,8402,207,1311,968,693Total4,861,6284,579,9423,459,840Natural Gas (Mcf)(1)Central Basin Platform3,808,6533,940,1071,563,808Delaware Basin (2)—11,26596,516Northwest Shelf2,615,0212,387,7862,428,318Total6,423,6746,339,1584,088,642Natural Gas Liquids (Bbls)(1)Central Basin Platform749,794703,818227,996Delaware Basin (2)—2,8673,718Northwest Shelf509,020270,167139,615Total1,258,814976,852371,329Total production (Boe)Central Basin Platform4,236,3573,707,5711,897,842Delaware Basin (2)—30,488101,740Northwest Shelf2,954,6972,875,2622,513,028Total7,191,0546,613,3214,512,610Daily production (Boe/d)Central Basin Platform11,57510,1585,200Delaware Basin (2)—84279Northwest Shelf8,0737,8776,885Total19,64818,11912,364

(1) Due to our acquisition of Stronghold's assets, which reported its volumes and revenues on a three-stream basis, beginning July 1, 2022, we began reporting volumes and revenues on a three-stream basis, separately reporting crude oil, natural gas, and NGL sales. For periods prior to July 1, 2022, sales and reserve volumes, prices, and revenues for NGLs were presented with natural gas.

(2)   The Delaware Basin assets were sold with a closing date of May 11, 2023 and an effective date of March 1, 2023.

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