VALUE FOCUSED PROVEN STRATEGY www.ringenergy.com NYSE American: REI
Ring Energy Independent Oil & Gas Company Currently Focused on Conventional Permian Assets in Texas & New Mexico Deliver competitive and sustainable returns by developing, acquiring, exploring for, and commercializing oil and natural…
Q2 2022 Highlights Executing our Strategy Record quarterly sales revenue of 85.0 MM highest in Company history Sales volumes at the higher end of Rings guidance range of Q2 2022 Highlights 9,000 to 9,400 Boe/d, increased full year…
Committed to ESG Issued Inaugural ESG Report in Q4 2021 5 www.ringenergy.com NYSE American: REI
2022 Value Focused Proposition Proven Strategy Leads to Shareholder Value Target Growth 9,300- 9,700 Boepd (86% oil) 9-14% growth over FY21 increasing exposure to higher commodity prices Pursue Operational Excellence Significant…
Asset Areas
San Andres Reservoir Proven, Conventional, Top Tier Returns San Delaware Midland Andres Hz Hz Hz Permian Basin has produced 30 BBbl, High ROR Oil Play San Andres accounts for 40% Low D&C Costs Low D&C costs1 2.8 - 3.8 MM per well…
NWS HZ Well Performance & Costs Significant Improvements Driving Top Tier Returns NWS HZ Performance Average Cum BOE vs Time (1 Mile Lateral)2,3 D&C Cost Range per Year (1 Mile Lateral)1 3.5 M 100,000 BOE (85-90% Oil) 3.0 M 2.5…
Central Basin Platform Asset Area Technical Focus Reinvigorates Legacy Area 2Q22 Avg Sales Gross / Net Acres1 3,086 Boe/d (96% Oil) 29,065 / 20,288 2Q22 D&C 2Q22 CTRs Drilled 0 wells 1 Conversion Central Basin Platform…
CBP HZ Well Performance & Costs Technical Improvements to Completion and Landing Zone CBP 1.5 Mile HZ Performance Cum BO vs Time (2021 &2 022 vs Historic)2,3 100,000 Annual D&C per HZ Cost Range (1.5 Mile)1 3.5 M 530 Avg 3.0…
CTRs Significantly Reduce Operating Costs Maintains Solid PDP Reserve Base that Generates Consistent FCF Increases reserves by reducing operating & well repair Cost Savings ESP vs ROD costs and extending well life 250,000 225,000…
Delaware Basin Asset Turnkey Asset with Predictable Cash Flow and Upside Potential Non-Core asset that can be catalyst to pay down debt and/or provide funds for potential accretive acquisition Sales process for Delaware Assets…
Financials
Sustainable Value Focused Results Executing Disciplined Strategy Net Sales Adjusted Net Income1 10,000 35.0 9,000 8,000 30.0 85% Oil 85% Oil 86% Oil 89% Oil 7,000 87% Oil 25.0 6,000 20.0 Boe/d 5,000 MM 9,153 8,870…
Historical Metrics1 Quarterly Analysis of FCF MM Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Disciplined & efficient capital spending Adj EBITDA1 20.6 19.7 24.0 35.6 47.4 Capital -11.5 -13.7 -11.3 -19.7 -41.8 Focused on sustainably…
Value Proposition 2022 and Beyond Positioned for Substantial Increase in Revenue and FCF Achieving High-Return Organic Growth Pursuing Acquisition Opportunities to Further Increase Scale and Lower Break-Even Costs 19…
Stronghold Energy II Acquisition Overview
Ring + Stronghold Overview Total purchase price of 465MM in cash and stock 200MM cash at close, funded from new credit facility borrowings, subject to certain purchase price adjustments including Key Transaction excess cash from…
Transformational Transaction High-quality, conventional, Proved Developed Producing asset base with high margins and low decline rates Selected Premium de-risked inventory in most active county in the CBP Stronghold Investment…
Transaction Logistics & Governance Approvals and Timing Unanimously approved by Ring Board of Directors Subject to customary closing conditions, including regulatory approvals Transaction effective date is June 1, 2022 Anticipated…
SEC Proved Reserves 1 Year-End 2021 Net 3 2021 SEC Pricing Net Oil, Net Gas, Net 2 PV-10 , Reserve Category Capex , MBbl MMcf MBOE MM 1P Summary MM Oil/Bbl Gas /Mmbtu PD 36,821 39,749 43,446 55 794 63.04 3.598 PUD 29,018…
Financial Overview Oil Hedge Summary Summary of Crude Oil Hedges As of August 4, 2022 Average Weighted Avg. Strike Deferred Put Call Date Entered Into Production Period Instrument Daily Volumes Swap Price Price Premium Price…
Income Statement and Operational Stats Income Statement Operational Stats (Unaudited) (Unaudited) Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, 2022 2022 2021 2022…
Balance Sheet and Cash Flow Statement Balance Sheet Cash Flow Statement (Unaudited) (Unaudited) June 30, December 31, 2022 2021 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, ASSETS 2022 2022 2021 2022…
Non-GAAP Reconciliations Adjusted Net Income Free Cash Flow Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, 2022 2022 2021 2022 2021 June 30, March 31, June 30, June 30,…
Corporate Strategy Value Focused for Sustainable Success Attract and Retain Highly Qualified People Pursue Operational Excellence with a Sense of Urgency Invest in High-Margin, High RoR Projects Focus on FCF and Strengthen…
Experienced Management Team Shared Vision with a Track Record of Success Add Add Add Add Add Photo Photo Photo Photo Photo Paul D. McKinney Alexander Dyes Stephen D. Brooks Travis Thomas Hollie Lamb Marinos Baghdati VP of…
Refreshed Board of Directors Accomplished and Diversified Experience Add Photo Paul D. McKinney Anthony D. Petrelli John A. Crum Richard E. Harris Thomas L. Mitchell Regina Roesener Clayton E. Woodrum Chairman & Chief Lead…
COMPANY CONTACT Al Petrie (281) 975-2146 apetrieringenergy.com Chris Delange (281) 975-2146 cdelangeringenergy.com ANALYST COVERAGE Alliance Global Partners (A.G.P.) Jeff Campbell (203) 577-5427 jcampbellallianceg.com Tuohy…
Loading...
