Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 3

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 3
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 investment and other successful efforts to reduce flaring and venting.

We also continue to make substantial progress with our TARGET ZERO-365 program, which is focused on further building on our philosophy of ongoing improvement to ensure our operations continue to be conducted safely and efficiently, while minimizing environmental impact. Working in a safe and environmentally conscientious manner is not only essential to protecting our employees and communities — we view this as key to our long-term financial success and sustainability. As in the past, I want to thank our outstanding workforce for being champions of this critical program.

Turning to our 2025 plans, we remain committed to the value-focused proven strategy pursued in the past, which is designed to create stockholder value in low oil prices and well as in high prices. This includes:

■ Remaining focused on maximizing free cash flow generation;

■ Ensuring a disciplined capital spending plan that maintains or slightly grows our production and liquidity;

■ Retaining the flexibility to adjust capital spending levels in response to changing market conditions; and

■ Allocating the balance of our cash flow to paying down debt.

We are closely monitoring the recent drop in oil prices and if they continue for an extended period, we intend to reduce capital spending to allocate more resources to paying down debt. Strengthening the balance sheet remains a top priority. Although low oil prices create greater differences in the expectations of buyers and sellers we plan to continue pursuing growth through accretive, balance sheet enhancing acquisitions. We also plan to continue our focus on organic growth. When combining these efforts with a high degree of discipline, our strategy should lead us to our ultimate goal, which is to further position our balance sheet and achieve the size and scale necessary to sustainably return meaningful capital to our stockholders. In short, we believe our value-focused proven strategy retains the discipline and flexibility necessary to manage the risks associated with ongoing price volatility and better positions the Company for long term success.

On behalf of Ring’s Board of Directors, executive management, and employee teams, we want to thank all our stockholders for their continued support. Your vote is very important to us, and we encourage you to review the enclosed proxy statement and to promptly vote so your shares are represented at the Annual Meeting.

Best regards,

| Paul D. McKinney, Chairman of the Board of Directors & Chief Executive Officer |     | Anthony B. Petrelli, Lead Independent Director |

4 2024 GHG emissions results will be available in the second half of 2025.

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