Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 120

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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970 $1,434,672,593 Capital expenditures$24,589,282 $— $24,589,282 

36

(3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization or ceiling test impairment as a significant Exploration and Production segment expense, the Company has included these amounts within the Corporate column of the reconciliation table.For the three months ended September 30, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$89,244,383 $— $89,244,383 Lease operating expenses(20,315,282)— (20,315,282)Gathering, transportation and processing costs(102,420)— (102,420)Ad valorem taxes(2,164,562)— (2,164,562)Oil and natural gas production taxes(4,203,851)— (4,203,851)Depreciation, depletion and amortization (3)— (25,662,123)(25,662,123)Ceiling test impairment (3)— — — Asset retirement obligation accretion— (354,195)(354,195)Operating lease expense— (175,091)(175,091)General and administrative expense— (6,421,567)(6,421,567)Interest income— 143,704 143,704 Interest (expense)— (10,754,243)(10,754,243)Gain (loss) on derivative contracts— 24,731,625 24,731,625 Gain (loss) on disposal of assets— — — Other income— — — Income (Loss) Before Benefit from (Provision for) Income Taxes$62,458,268 $(18,491,890)$43,966,378 Total Assets (3)$1,367,833,052 $31,931,958 $1,399,765,010 Capital expenditures$42,691,163 $— $42,691,163 (3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization or ceiling test impairment as a significant Exploration and Production segment expense, the Company has included these amounts within the Corporate column of the reconciliation table