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

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 14
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 Paid down $40 million of borrowings on our bank credit facility in2024and $70 million since the closing of the Founders Acquisition on August 15, 2023 |

We ended 2024 with proved reserves of 134.2 million barrels of oil equivalent (“MMBoe”) and a present value discounted at 10% ("PV-10") 1 of $1.5 billion , using SEC pricing. Proved developed reserves were 92.6 MMBoe with a PV-10 of $1.1 billion .

(1) A non-GAAP financial measure; see the end of this document for a reconciliation to the most comparable GAAP financial measure.

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#### 2025 PROXY STATEMENT
OUR COMMITMENT TO ENVIRONMENTAL, SOCIAL AND GOVERNANCE (“ESG”)

We are focused on creating long-term value for our stockholders and fostering a culture that is steadfast on environmental sustainability, operational safety, social responsibility and sound corporate governance.

In 2021, we created an ESG Task Force comprised of management representatives from Health, Safety & Environmental (“HSE”), Operations, Legal, Human Resources, Investor Relations and Finance. The ESG Task Force is charged with the responsibility to monitor the Company’s adherence to our sustainability / ESG standards and formally communicate their findings on an ongoing basis to our CEO and the Board. Since 2021, we have annually published formal sustainability reports and we are pleased to present our 2024 edition. We believe these reports clearly highlight the Company’s targeted efforts to disclose and enhance our sustainability / ESG performance record over time, as applicable. In addition, in this report we discuss our plans to drive further alignment with the various reporting frameworks. Our 2024 ESG Sustainability Report may be found on our website at https://ringenergy.com/sustainability . The information on, or that can be accessed through our website, is not incorporated by reference into this proxy statement and should not be considered part of this proxy statement.

In the creation of our ESG sustainability reports to date, we have reviewed the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard, the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”), the Sustainable Development Goals (“SDGs”) promulgated by the United Nations, and other reporting guidance from industry frameworks and standards.

| ENVIRONMENTAL                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 We recognize and embrace our responsibility to produce energy resources that the world