Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 138

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 138
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 expenses$63,160,005 $55,238,667 $40,252,320 Total lease operating expenses$78,310,949 $70,158,227 $47,695,351 The following tables include a reconciliation of the total reportable segments' measures of profit or loss to the Company's consolidated income before income taxes. Additionally included is a reconciliation between the reportable segments' assets to the Company's consolidated assets.

F-38

For the year ended December 31, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$366,327,414 $— $366,327,414 Lease operating expenses(78,310,949)— (78,310,949)Gathering, transportation and processing costs(506,333)— (506,333)Ad valorem taxes(8,069,064)— (8,069,064)Oil and natural gas production taxes(16,116,565)— (16,116,565)Depreciation, depletion and amortization (3)— (98,702,843)(98,702,843)Asset retirement obligation accretion— (1,380,298)(1,380,298)Operating lease expense— (700,362)(700,362)General and administrative expense— (29,640,300)(29,640,300)Interest income— 491,946 491,946 Interest (expense)— (43,311,810)(43,311,810)Gain (loss) on derivative contracts— (2,365,917)(2,365,917)Gain (loss) on disposal of assets— 89,693 89,693 Other income— 106,656 106,656 Income (Loss) Before Benefit from (Provision for) Income Taxes$263,324,503 $(175,413,235)$87,911,268 Total Assets (3)$1,381,583,504 $26,515,970 $1,408,099,474 Capital expenditures$151,946,171 $— $151,946,171 (3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization as a significant Exploration and Production segment expense, the Company has included this expense within the Corporate