Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 191

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 7
Chunk 191
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 $— Two-way collars:Hedged volume (MMBtu)309,350 748,000 694,500 139,000 648,728 128,000 717,000 694,000 Weighted average put price$3.17 $3.10 $3.50 $3.50 $3.10 $3.50 $3.99 $3.00 Weighted average call price$4.98 $4.40 $5.11 $5.42 $4.24 $5.42 $5.21 $4.32 

Oil Hedges (basis differential)Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027Q2 2027Argus basis swaps:Hedged volume (Bbl)183,000 276,000 — — — — — — Weighted average spread price (1)$1.00 $1.00 $— $— $— $— $— $— Gas Hedges (basis differential)Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027Q2 2027El Paso Permian Basin basis swaps:Hedged volume (MMBtu)381,725 363,200 — — — — 700,000 — Weighted average spread price (2)$1.69 $1.69 $— $— $— $— $0.74 $— 

(1) The oil basis swap hedges are calculated as the fixed price (weighted average spread price above) less the difference between WTI Midland and WTI Cushing, in the issue of Argus Americas Crude. 

(2) The gas basis swap hedges are calculated as the Henry Hub natural gas price less the fixed amount specified as the weighted average spread price above. 

Derivative financial instruments are recorded at fair value and included as either assets or liabilities in the accompanying Condensed Balance Sheets. Any gains or losses resulting from changes in fair value of outstanding derivative financial instruments and from the settlement of derivative financial instruments are recognized in earnings and included as a component