Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 101

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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728)Gain (loss) on oil derivatives$12,579,241 $(1,764,533)$14,280,399 $(21,497,825)Natural gas derivatives:Realized gain (loss) on natural gas derivatives244,542 1,478,630 $331,215 $2,756,085 Unrealized gain (loss) on natural gas derivatives1,824,271 (1,542,696)(892,350)(2,101,354)Gain (loss) on natural gas derivatives$2,068,813 $(64,066)$(561,135)$654,731 Gain (loss) on derivative contracts$14,648,054 $(1,828,599)$13,719,264 $(20,843,094)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 EndedFor the Six Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Cash flows from operating activitiesCash received (paid) for oil derivatives$433,301 $(4,073,127)$(206,966)$(6,812,097)Cash received (paid) for natural gas derivatives244,542 1,478,630 331,215 2,756,085 Cash received (paid) for derivative settlements, net$677,843 $(2,594,497)$124,249 $(4,056,012)The following tables reflect the details of current derivative contracts as of June 30, 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)Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027Q2 2027Swaps:Hedged volume (Bbl)471,917 241,755 608,350 577,101 171,400 529,000 509,500 492,000 Weighted average swap price$68.64 $65.56 $67.95 $67.41 $62.26 $65.