# EDGAR Filing Document

**Accession Number:** 0001658788
**File Stem:** 0000950170-25-107516
**Filing Date:** 2025-8
**Character Count:** 54811
**Document Hash:** 2e35b0a61d471550b32add450dead791
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-107516.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0000950170-25-107516

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RING ENERGY, INC.
- **CENTRAL INDEX KEY:** 0001384195
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980495938
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86902
- **FILM NUMBER:** 251208465

**BUSINESS ADDRESS:**
- **STREET 1:** 1725 HUGHES LANDING BLVD.
- **STREET 2:** SUITE 900
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380
- **BUSINESS PHONE:** 281-397-3699

**MAIL ADDRESS:**
- **STREET 1:** 1725 HUGHES LANDING BLVD.
- **STREET 2:** SUITE 900
- **CITY:** THE WOODLANDS
- **STATE:** TX
- **ZIP:** 77380

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Transglobal Mining Corp.
- **DATE OF NAME CHANGE:** 20070425

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blanca Corp.
- **DATE OF NAME CHANGE:** 20061220
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Warburg Pincus Partners II (US), L.P.
- **CENTRAL INDEX KEY:** 0001658788

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 450 LEXINGTON AVENUE
- **STREET 2:** C/O WARBURG PINCUS LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2128780600

**MAIL ADDRESS:**
- **STREET 1:** 450 LEXINGTON AVENUE
- **STREET 2:** C/O WARBURG PINCUS LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** Ring Energy, Inc.

**Title of Class of Securities:** Class A Common stock, par value $0.001 per share

**CUSIP Number:** 76680V108

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Warburg Pincus & Company US, LLC | Names of Reporting Persons<br>Warburg Pincus & Company US, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of common stock ("Common Stock") outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission ("SEC") on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Partners II (US), L.P. | Names of Reporting Persons<br>Warburg Pincus Partners II (US), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus (E&P) Energy LLC | Names of Reporting Persons<br>Warburg Pincus (E&P) Energy LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus (E&P) Energy GP, L.P. | Names of Reporting Persons<br>Warburg Pincus (E&P) Energy GP, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P)-A, L.P. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P)-A, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>WP Energy Stronghold Holdings, L.P. | Names of Reporting Persons<br>WP Energy Stronghold Holdings, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>WP Energy Partners Stronghold Holdings, L.P. | Names of Reporting Persons<br>WP Energy Partners Stronghold Holdings, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-B, L.P. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-B, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-A, L.P. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-A, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC | Names of Reporting Persons<br>Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus (E&P) XII LLC | Names of Reporting Persons<br>Warburg Pincus (E&P) XII LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus (E&P) XII, L.P. | Names of Reporting Persons<br>Warburg Pincus (E&P) XII, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-2, L.P. | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-2, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-1, L.P. | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-1, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>WP XII Stronghold Holdings, L.P. | Names of Reporting Persons<br>WP XII Stronghold Holdings, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>WP XII (E&P) Partners (A), L.P. | Names of Reporting Persons<br>WP XII (E&P) Partners (A), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>WP XII (E&P) Partners (B), L.P. | Names of Reporting Persons<br>WP XII (E&P) Partners (B), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII-E (A), L.P. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII-E (A), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII-D (A), L.P. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII-D (A), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII (A), L.P. | Names of Reporting Persons<br>Warburg Pincus Private Equity (E&P) XII (A), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC | Names of Reporting Persons<br>Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus & Co. | Names of Reporting Persons<br>Warburg Pincus & Co. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

| 1. | Names of Reporting Persons<br>Warburg Pincus LLC | Names of Reporting Persons<br>Warburg Pincus LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5474165 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5474165 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5474165 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

---

**Item 1(a). Name of Issuer:**
Ring Energy, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
1725 HUGHES LANDING BLVD, SUITE 900, THE WOODLANDS, TEXAS , 77380.

**Item 2(a). Name of Person Filing:**
This statement is filed by the entities listed below, all of whom together are referred to herein as the "Reporting Persons":
1.	 Warburg Pincus & Company US, LLC;
2.	 Warburg Pincus Partners II (US), L.P.;
3.	 Warburg Pincus (E&P) Energy LLC;
4.	 Warburg Pincus (E&P) Energy GP, L.P.;
5.	 Warburg Pincus Energy (E&P)-A, L.P.;
6.	 WP Energy Stronghold Holdings, L.P.;
7.	 WP Energy Partners Stronghold Holdings, L.P.;
8.	 Warburg Pincus Energy (E&P) Partners-B, L.P.;
9.	 Warburg Pincus Energy (E&P) Partners-A, L.P.;
10.	Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC;
11.	Warburg Pincus (E&P) XII LLC;
12.	Warburg Pincus (E&P) XII, L.P.;
13.	Warburg Pincus XII (E&P) Partners-2, L.P.;
14.	Warburg Pincus XII (E&P) Partners-1, L.P.;
15.	WP XII Stronghold Holdings, L.P.;
16.	WP XII (E&P) Partners (A), L.P.;
17.	WP XII (E&P) Partners (B), L.P.;
18.	Warburg Pincus Private Equity (E&P) XII-E (A), L.P.;
19.	Warburg Pincus Private Equity (E&P) XII-D (A), L.P.;
20.	Warburg Pincus Private Equity (E&P) XII (A), L.P.;
21.	Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC;
22.	Warburg Pincus & Co.; and
23.	Warburg Pincus LLC.

**Item 2(b). Address of Principal Business Office:**
The principal business address of the Reporting Persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017.

**Item 2(c). Citizenship:**
See responses to Item 4 on each cover page.

**Item 2(d). Title of Class of Securities:**
Class A Common stock, par value $0.001 per share

**Item 2(e). CUSIP Number:**
76680V108

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See responses to Item 9 on each cover page.
The securities reported in this statement give effect to the sale of 8,919,487 shares of Common Stock by the Reporting Persons after June 30, 2025.
Warburg Pincus & Company US, LLC is the general partner of Warburg Pincus Partners II (US), L.P., which is the managing member of Warburg Pincus (E&P) Energy LLC and Warburg Pincus (E&P) XII LLC. Warburg Pincus (E&P) Energy LLC is the general partner of Warburg Pincus (E&P) Energy GP, L.P., which is the general partner of Warburg Pincus Energy (E&P)-A, L.P., WP Energy Stronghold Holdings, L.P., WP Energy Partners Stronghold Holdings, L.P., Warburg Pincus Energy (E&P) Partners-A, L.P., and Warburg Pincus Energy (E&P) Partners-B, L.P. Warburg Pincus Energy (E&P) Partners-B, L.P. is the managing member of Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC. Warburg Pincus (E&P) XII LLC is the general partner of Warburg Pincus (E&P) XII, L.P., which is the general partner of Warburg Pincus XII (E&P) Partners-1, L.P., Warburg Pincus XII (E&P) Partners-2, L.P., WP XII Stronghold Holdings, L.P., WP XII (E&P) Partners (A), L.P., WP XII (E&P) Partners (B), L.P., Warburg Pincus Private Equity (E&P) XII (A), L.P., Warburg Pincus Private Equity (E&P) XII-D (A), L.P., and Warburg Pincus Private Equity (E&P) XII-E (A), L.P. Warburg Pincus XII (E&P) Partners-2, L.P. is the managing member of Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC (Warburg Pincus and the other entities listed in this paragraph, collectively, the "Warburg Entities"). In such capacities, each of the Warburg Entities may be deemed to beneficially own the reported securities.
The filing of this statement shall not be deemed an admission by any of the Reporting Persons, of beneficial ownership of the reported securities for purposes of Section 13(d) or Section 13(g) or for any other purpose.

**(b) Percent of class:**

See responses to Item 11 on each cover page.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See responses to Item 5 on each cover page.

**(ii) Shared power to vote or to direct the vote:**

See responses to Item 6 on each cover page.

**(iii) Sole power to dispose or to direct the disposition of:**

See responses to Item 7 on each cover page.

**(iv) Shared power to dispose or to direct the disposition of:**

See responses to Item 8 on each cover page.

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Warburg Pincus & Company US, LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Partners II (US), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus (E&P) Energy LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus (E&P) Energy GP, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Energy (E&P)-A, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**WP Energy Stronghold Holdings, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**WP Energy Partners Stronghold Holdings, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Energy (E&P) Partners-B, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Energy (E&P) Partners-A, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus (E&P) XII LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus (E&P) XII, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus XII (E&P) Partners-2, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus XII (E&P) Partners-1, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**WP XII Stronghold Holdings, L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**WP XII (E&P) Partners (A), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**WP XII (E&P) Partners (B), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Private Equity (E&P) XII-E (A), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Private Equity (E&P) XII-D (A), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus Private Equity (E&P) XII (A), L.P.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus & Co.**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory

**Warburg Pincus LLC**

**Date:** 08/12/2025

**By:** /s/ Harsha Marti

**Name & Title:** Harsha Marti, Authorized Signatory