Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 144

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 144
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 Ended December 31, 2024Oil (1)Natural Gas (1)Natural Gas Liquids (1)BoeProved Developed and Undeveloped ReservesBeginning of year82,141,277146,396,32223,218,564129,759,229Purchase of minerals in place————Extensions, discoveries and improved recovery11,495,23610,630,7692,738,45116,005,482Sales of minerals in place(1,140,568)(56,020)(16,361)(1,166,266)Production(4,861,628)(6,423,674)(1,258,814)(7,191,054)Revisions of previous quantity estimates(6,730,246)(730,235)3,621,245(3,230,707)End of year80,904,071149,817,16228,303,085134,176,684Proved Developed at beginning of year56,029,03999,896,02215,449,90788,128,284Proved Undeveloped at beginning of year26,112,23846,500,3007,768,65741,630,945Proved Developed at end of year56,106,714102,538,11119,426,38792,622,787Proved Undeveloped at end of year24,797,35747,279,0518,876,69841,553,897

F-43

For the Year Ended December 31, 2023Oil (1)Natural Gas (1)Natural Gas Liquids (1)BoeProved Developed and Undeveloped Reserves  Beginning of year88,704,743157,870,44923,105,658138,122,143Purchase of minerals in place6,543,6403,372,9651,089,3828,195,183Extensions, discoveries and improved recovery3,098,8454,113,4801,014,3434,798,768Sales of minerals in place(4,897,921)(2,674,955)(392,953)(5,736,700)Production(4,579,942)(6,339,158)(976,852)(6,613,320)Revisions of previous quantity estimates(6,728,088)(9,946,459)(621,014)(9,006,845)End of