Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 119

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 119
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 contracts$(2,365,917)$2,767,162 $(21,532,659)The components of “Cash received (paid) for derivative settlements, net” within the Statements of Cash Flows are as follows for the respective periods:For the years ended December 31,202420232022Cash flows from operating activitiesCash received (paid) for oil derivatives$(10,264,202)$(11,364,484)$(61,875,870)Cash received (paid) for natural gas derivatives5,070,529 2,279,564 (650,084)Cash received (paid) for derivative settlements, net$(5,193,673)$(9,084,920)$(62,525,954)The following tables reflect the details of current derivative contracts as of December 31, 2024 (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)Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Swaps:Hedged volume (Bbl)193,397 151,763 351,917 141,755 477,350 457,101 59,400 423,000 Weighted average swap price$68.68 $68.53 $71.41 $69.13 $70.16 $69.38 $66.70 $66.70 Two-way collars:Hedged volume (Bbl)474,750 464,100 225,400 404,800 — — 379,685 — Weighted average put price$57.06 $60.00 $65.00 $60.00 $— $— $60.00 $— Weighted average call price$75.82 $69.85 $78.91 $75.68 $— $— $72.50 $— 

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Gas Hedges (Henry Hub)Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026NYMEX Sw