Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 197

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 2
Chunk 197
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004,598)(283,588,498)Sales of minerals in place(10,230,951)(59,600,128)— Accretion of discount164,703,142 277,365,650 133,209,763 Net changes in price and production costs(285,618,955)(1,181,594,019)646,819,172 Net change in estimated future development costs6,732,428 37,865,811 (53,253,626)Revisions of previous quantity estimates(50,292,499)(187,443,783)33,583,837 Changes in estimated timing of cash flows(44,073,556)(17,257,348)(119,428,019)Net change in income taxes17,955,440 253,696,749 (306,810,205)End of the Year$1,232,936,343 $1,399,185,191 $2,272,113,518 

38

Our proved reserves by state as of December 31, 2024 are summarized in the table below.

Oil (Bbl)Gas (Mcf)NGL (Bbl)Total (Boe)% of TotalProved Pre-tax PV-10(In thousands)StandardizedMeasure ofDiscounted FutureNet Cash Flows(In thousands)Future CapitalExpenditures(In thousands)Texas PD55,923,366102,194,63819,356,93592,312,74169 %$1,126,097 $949,125 $149,138 PUD24,797,35747,279,0518,876,69841,553,89731 %332,654 280,376 378,175 Total Proved:80,720,723149,473,68928,233,633133,866,638100 %$1,458,751 $1,229,501 $527,313 New MexicoPD183,348343,47369,452310,046— %$4,076 $3,435 $98 PUD————— %— — — Total Proved:183,348343,47369,452310,046— %$4,076 $3,435 $98 TotalPD56,106,714102,538,11119,426,38792,622,