Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 51

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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, 2024.

Natural gas liquids sales. NGL sales decreased approximately $0.8 million from $2.8 million to $2.1 million. NGL sales volumes for the three months ended June 30, 2025 were 333,374 barrels of NGLs compared to 304,448 barrels of NGLs for the comparable period in 2024. Of the increase in volume of 28,926 barrels, 20,603 barrels were attributable to wells acquired and new wells drilled in the acreage acquired in the Lime Rock Acquisition, with the remaining 8,323 barrels attributable to our legacy assets due to increased NGL yields and increased gas production. The average realized price per barrel of NGLs was $6.19 for the three months ended June 30, 2025 compared to $9.27 for the three months ended June 30, 2024, due to weaker market conditions. Specifically, the gross realized price per NGL barrel was $19.02 and the average fees per barrel was $(12.83), resulting in a net realized price of $6.19 for the three months ended June 30, 2025, while the 

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gross realized price per NGL barrel was $19.49 and the average fees per barrel was $(10.22), resulting in a net realized price of $9.27 for the same period in 2024.

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Oil, Natural Gas, and Natural Gas Liquids Revenues for the Six Months Ended June 30, 2025 and 2024

For the Six Months EndedJune 30, 2025June 30, 2024Change% ChangeNet sales:Oil$159,283,526 $191,584,083 $(32,300,557)(17)%Natural gas(2,541,664)(3,791,042)1,249,378 33 %Natural gas liquids4,952,104 5,849,444 (897,340)(15)%Total sales$161,693,966 $193,642,485 $(31,948,519)(16)%Net production:Oil (Bbls)2,407,202 2,458,568 (51,366)(2)%Natural gas (Mcf)3,319,004 3,034,854 284,150 9 %Natural gas liquids (Bbls)632,740 568,250