Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 44

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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,For the Nine Months Ended September 30,2025202420252024Lease operating expenses:Workovers$3,027,065 $4,244,856 $9,017,112 $11,144,016 Other lease operating expenses$17,491,407 $16,070,426 $51,424,893 $46,840,717 Total lease operating expenses$20,518,472 $20,315,282 $60,442,005 $57,984,733 The following tables include a reconciliation of the total reportable segments' measures of profit or loss to the Company's consolidated income (loss) before income taxes. Additionally included is a reconciliation between the reportable segments' assets to the Company's consolidated assets.

For the three months ended September 30, 2025Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$78,601,336 $— $78,601,336 Lease operating expenses(20,518,472)— (20,518,472)Gathering, transportation and processing costs(126,569)— (126,569)Ad valorem taxes(2,446,565)— (2,446,565)Oil and natural gas production taxes(3,670,987)— (3,670,987)Depreciation, depletion and amortization (3)— (25,225,345)(25,225,345)Ceiling test impairment (3)— (72,912,330)(72,912,330)Asset retirement obligation accretion— (390,563)(390,563)Operating lease expense— (175,091)(175,091)General and administrative expense— (8,139,771)(8,139,771)Interest income— 74,253 74,253 Interest (expense)— (10,052,320)(10,052,320)Gain (loss) on derivative contracts— 444,305 444,305 Gain (loss) on disposal of assets— 105,642 105,642 Other income— — — Income (Loss) Before Benefit from (Provision for) Income Taxes$51,838,743 $(116,271,220)$(64,432,477)Total Assets (3)$1,401,663,623 $33,008,