Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 81

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 assets(496,396)(202,046)Accounts payable(12,039,039)(9,538,827)Settlement of asset retirement obligation(837,065)(974,877)Net Cash Provided by Operating Activities106,160,584 147,144,031 Cash Flows From Investing ActivitiesPayments for the Lime Rock Acquisition(72,569,545)— Payments to purchase oil and natural gas properties(1,512,415)(787,343)Payments to develop oil and natural gas properties(70,251,975)(117,559,401)Payments to acquire or improve fixed assets subject to depreciation(175,369)(185,524)Proceeds from sale of fixed assets subject to depreciation17,360 10,605 Proceeds from divestiture of equipment for oil and natural gas properties100 — Proceeds from sale of New Mexico properties— (144,398)Proceeds from sale of CBP vertical wells— 5,500,000 Insurance proceeds received for damage to oil and natural gas properties260,446 — Net Cash Used in Investing Activities(144,231,398)(113,166,061)Cash Flows From Financing ActivitiesProceeds from revolving line of credit201,322,997 108,000,000 Payments on revolving line of credit(158,322,997)(141,000,000)Payments for taxes withheld on vested restricted shares, net(961,446)(919,249)Proceeds from notes payable1,648,539 1,501,507 Payments on notes payable(1,143,107)(1,122,422)Payment of deferred financing costs(5,713,978)(45,704)Reduction of financing lease liabilities(338,682)(688,486)Net Cash Provided by (Used in) Financing Activities36,491,326 (34,274,354)Net Increase (Decrease) in Cash(1,579,488)(296,384)Cash at Beginning of Period1,866,395 296,384 Cash at End of Period$286,907 $— 

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Table of ContentsRING ENERGY, INC.CONDENSED STATEMENTS OF CASH FLOWS (CONTINUED)(Unaudited)

For the Nine Months EndedSeptember 30, 2025September 30, 2024Supplemental Cash Flow InformationCash paid for interest$23,559,423 $30,208,974