Company: REI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023254
Chunk: 63

Company: RING ENERGY, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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(16,994,322)Gain (loss) on oil derivatives$1,701,158 $(19,733,292)Natural gas derivatives:Realized gain (loss) on natural gas derivatives$86,673 $1,277,455 Unrealized gain (loss) on natural gas derivatives(2,716,621)(558,658)Gain (loss) on natural gas derivatives$(2,629,948)$718,797 Gain (loss) on derivative contracts$(928,790)$(19,014,495)The components of “Cash received (paid) for derivative settlements, net” within the Condensed Statements of Cash Flows are as follows for the respective periods:For the Three Months EndedMarch 31, 2025March 31, 2024Cash flows from operating activitiesCash received (paid) for oil derivatives$(640,267)$(2,738,970)Cash received (paid) for natural gas derivatives86,673 1,277,455 Cash received (paid) for derivative settlements, net$(553,594)$(1,461,515)The following tables reflect the details of current derivative contracts as of March 31, 2025 (Quantities are in barrels (Bbl) for the oil derivative contracts and in million British thermal units (MMBtu) for the natural gas derivative contracts):Oil Hedges (WTI)Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027Swaps:Hedged volume (Bbl)151,763 351,917 141,755 477,350 457,101 59,400 423,000 381,500 Weighted average swap price$68.53 $71.41 $69.13 $70.16 $69.38 $66.70 $66.70 $63.80 Two-way collars:Hedged volume (Bbl)464,100 225,400 404,800 — — 379,685 — — Weighted average put price$60.00 $65.00 $60.00 $— $— $60.00 $— $— Weighted average call price$69.85 $78.91 $75.68 $—