Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 114

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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able segments' assets to the Company's consolidated assets.

For the three months ended June 30, 2025Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$82,602,759 $— $82,602,759 Lease operating expenses(20,245,981)— (20,245,981)Gathering, transportation and processing costs(133,809)— (133,809)Ad valorem taxes(1,648,647)— (1,648,647)Oil and natural gas production taxes(3,832,607)— (3,832,607)Depreciation, depletion and amortization (3)— (25,569,914)(25,569,914)Asset retirement obligation accretion— (382,251)(382,251)Operating lease expense— (175,090)(175,090)General and administrative expense— (7,138,519)(7,138,519)Interest income— 69,658 69,658 Interest (expense)— (11,757,404)(11,757,404)Gain (loss) on derivative contracts— 14,648,054 14,648,054 Gain (loss) on disposal of assets— 155,293 155,293 Other income— 150,770 150,770 Income Before Provision for Income Taxes$56,741,715 $(29,999,403)$26,742,312 Total Assets (3)$1,479,364,319 $36,966,552 $1,516,330,871 Capital expenditures$16,827,513 $— $16,827,513 

36

(3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization as a significant Exploration and Production segment expense, the Company has included this expense within the Corporate column of the reconciliation table.For the three months ended June 30, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$99,139,349 $— $99,139,349 Lease operating expenses(19,309,017)— (19,309,017)Gathering, transportation and processing costs(107,629)— (107,629)Ad valorem taxes(1