Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 139

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 139
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 column of the reconciliation table.

F-39

For the year ended December 31, 2023Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$361,056,001 $— $361,056,001 Lease operating expenses(70,158,227)— (70,158,227)Gathering, transportation and processing costs(457,573)— (457,573)Ad valorem taxes(6,757,841)— (6,757,841)Oil and natural gas production taxes(18,135,336)— (18,135,336)Depreciation, depletion and amortization (3)— (88,610,291)(88,610,291)Asset retirement obligation accretion— (1,425,686)(1,425,686)Operating lease expense— (541,801)(541,801)General and administrative expense— (29,188,755)(29,188,755)Interest income— 257,155 257,155 Interest (expense)— (43,926,732)(43,926,732)Gain (loss) on derivative contracts— 2,767,162 2,767,162 Gain (loss) on disposal of assets— (87,128)(87,128)Other income— 198,935 198,935 Income (Loss) Before Benefit from (Provision for) Income Taxes$265,547,024 $(160,557,141)$104,989,883 Total Assets (3)$1,338,584,701 $37,911,691 $1,376,496,392 Capital expenditures$151,969,735 $— $151,969,735 For the year ended December 31, 2022Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$347,249,537 $— $347,249,537 Lease operating expenses(47,695,351)— (47,695,351)Gathering, transportation and processing costs(1,830,024)— (1,830,024)Ad valorem taxes(4,670,617)— (4,670,617)Oil and natural gas production taxes(17,125,982)— (17,125,982)Depreciation, depletion and amort