Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 125

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 wells and one 1.25-mile horizontal well, all with a working interest of 75%. In the Central Basin Platform in Ector County, the Company drilled and completed three vertical wells, all with a working interest of 100%.

In the second quarter of 2025, in the Central Basin Platform in Andrews County, the Company drilled and completed one 1-mile horizontal well, with a working interest of 100%. Also in the Central Basin Platform in Crane County, the Company drilled and completed one vertical well, with a working interest of 100%.

In the third quarter of 2025, in the Central Basin Platform in Andrews County, the Company drilled and completed three 1-mile horizontal wells, each with a working interest of 100%. Also in the Central Basin Platform in Crane County, the Company drilled and completed one 1-mile horizontal well and one vertical well, both with a working interest of 100%.

The table below sets forth our drilling and completion activities for the nine months ended September 30, 2025.

QuarterAreaWells DrilledWells Completed1Q 2025Northwest Shelf (Horizontal)4 4 Central Basin Platform (Vertical)3 3 Total7 7 2Q 2025Central Basin Platform (Horizontal)1 1 Central Basin Platform (Vertical)1 1 Total2 2 3Q 2025Central Basin Platform (Horizontal)4 4 Central Basin Platform (Vertical)1 1 Total5 5 

As of September 30, 2025, the Company was in the process of drilling one 1.5-mile horizontal well in the Northwest Shelf in Yoakum County. That well has since been completed and placed on production.

(1) Total does not include the SWD well(s) drilled and completed in the [  ].

41

Market Conditions and Commodity Prices

Our financial results depend on many factors, particularly the price of crude oil and natural gas and our ability to market our production on economically attractive terms. Commodity prices are affected by many factors outside of our control, including changes in market supply and demand both domestically and world wide, which are impacted by many factors. As a result, we cannot accurately predict future commodity prices, and therefore, we cannot determine with any degree of certainty what effect increases or decreases in these prices will have on our drilling program, production volumes or revenues.

Average oil and natural gas prices received through 2024 and 2025 to date continue to