RING ENERGY, INC. REI

Ring Energy, Inc., a Nevada corporation ("Ring," "Ring Energy," the "Company," "we," "us," "our," or similar terms), is a growth oriented independent oil and natural gas exploration and production company based in The Woodlands, Texas engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. Our drilling operations target the oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas.

As of December 31, 2025, our leasehold acreage positions totaled 111,714 gross (96,234 net) acres and we held interests in 919 gross (758 net) producing wells. Proved reserves as of December 31, 2025 (based upon the report of our independent petroleum engineer of that date) were approximately 153.3 million Boe, of which we are the operator of approximately 99%. All of our properties are located in the Permian Basin and our proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas, and 22% consisting of NGLs. Approximately 68% of the reserves are classified as PD and 32% are classified as PUD. Within the PD reserve category, 238 recompletion and re-activation opportunities are classified as PDNP and within the PUD reserve category, we have a total of 247 proved locations (38% horizontal and 62% vertical) based on the reserve report as of December 31, 2025. We believe our core leasehold in the Northwest Shelf and Central Basin Platform contain additional potential drilling locations.