VALUE FOCUSED PROVEN STRATEGY EnerCom Dallas 2023 The Energy Investment & ESG Conference www.ringenergy.com NYSE American: REI
Independent Oil & Gas Company Focused on Conventional Permian Assets in Texas Generated Free Cash Flow for 13 Consecutive Quarters Q4 2022 Net Sales 17,856 Boe/d Highly oil weighted 68% oil 17% gas 15% NGL 2022 SEC Proved…
Value Focused Proven Strategy Supporting Sustainable Returns KEY TAKEAWAYS Added Size & Scale - accretive acquisition of Stronghold assets Closed on August 31, 2022 Delivered Record Results1 - net sales, cash flow from operations,…
Corporate Strategy Value Focused for Sustainable Returns Attract and Retain Highly Qualified People Successfully attracting key personnel…
Committed to ESG Critical to Sustainable Success Progressing our ESG Journey Created ESG Task Force to monitor Companys adherence to ESG standards and formally communicate to CEO and the Board on ongoing basis Established Target…
2022 Highlights1 Proven Strategy Leads to Record Results BOE Oil Cash Flow Adjusted Free Cash Leverage Liquidity4 Production Production From Ops2 EBITDA2 Flow2 Ratio3 Q4 17,856 12,189 47.4 56.3 5.5 1.56x 188 2022 Boe/d BOPD…
Enhancing Value for Shareholders Executing Strategy Improves Key Metrics1 Production/Share CFFO (million) 0.04 200 0.04 173 Up Up 150 Up 0.03 0.03 33% 33% 100 149% 70 50 0.02 - YE 2021 YE 2022 YE 2021 YE 2022…
Enhancing Value for Shareholders Executing Strategy Improves Key Metrics ROCE1 All-in Cost Operating Margins2/BOE 25% 90.00 80.00 20.7% 20% 76.95 70.00 Up 60.00 63.14 52.59 15% 79% 50.00 11.6% 39.33 Up 40.00 10% 9.3%…
2023 Outlook Proven Strategy Leads to Shareholder Value Sales Boe/d Oil Sales BOPD 20,000 15,000 Net Sales Pursue Operational 15,000 18,300 17,800 to 18,800 Boe/d 10,000 12,450 Excellence with a Mid-point 18,300 Boe/d 10,000…
Simplifying and Enhancing the Capital Structure Preparing to Pursue Balance Sheet Enhancing & Accretive Acquisitions Exercising Warrants Improving Financial Flexibility Shares issued pursuant to the exercise of the warrants were…
Proved Reserves 1 and Inventory SEC YE 2022 Reserves by Category (%) Reserves by PV-102 (MM) Reserves by Product (%) Locations Gaines 35% 867 17% 19% Lea Yoakum 3 138 138 400+ 2,774 Andrews Total Gross MMBoe MM MMBoe…
Value Proposition 2023 and Beyond Trading at a discount to peer average Delivering higher returns than peer average Value focused strategy is proven by record 2022 results Disciplined and capital efficient budget is focused on…
Appendix
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 Paul D. McKinney Anthony D. Petrelli Roy I. Ben-Dor John A. Crum David S. Habachy Richard E. Harris Thomas L. Mitchell Regina Roesener Clayton E. Woodrum…
Asset Overview
Company Overview Core Assets Operating Statistics Q4 2022 Net Production (MBoe/d) 17.9 Oil (Bo/d) 68% 12.2 Gas (Mcf/d) 17% 18.3 NGLs (Bbls/d) 15% 2.6 LOE ( per Boe) 10.6 YE22 PD Reserves1 PV10 (MM) 1,907 YE22 PD Reserves1…
Core Assets in NWS and CBP Record Sales Significant Increase in PD Reserves1 Focus investments on growing core asset areas in NWS & CBP 107% Increase YOY NWS CBP DLWR 160,000 PD PUD 14,000 140,000 2% 12,000 120,000 10,000…
Assets Overview New Drill Inventory Performance Consistent Hz Well Performance Consistent Vertical Well Performance SA Horizonal Play1 CBP Vertical Multi-Stacked Pay2 60,000 30,000 Shorter Cycles Times & Lower Capex Drive 50,000…
Asset Overview Inventory of High Quality, High-Return, Short Cycle Opportunities Recent Hz Well Results NWS Peak IP Lateral Geological Area Well Name 60 Oil (%) Length WI (%) Region (Boepd) (ft) Recent Vertical Well Results CBP…
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 3.2 - 4.4 MM per well…
Southern Central Basin Platform Vertical Well Performance & Costs Stacked Pay Zones Modern Completion Crane Co. Vertical Recompletion RC Cum BOE vs Time (Days) CBP South Type Log Methods 100,000 10,000 Cum Production, BOE…
CTRs in NWS & CBP HZ 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…
Financial Overview
2023 Guidance Grow Production, Generate FCF, Pay Down Debt Sales Volumes Q1 2023 FY 2023 Total (Boe/d) 17,800 18,300 17,800 18,800 Oil (%) 68% 66-70% CAPEX Allocation Gas (%) 17% 16-18% 7% NGLs (%) 15% 14-16% Capital Spending…
Sustainable Value Focused Results Executing Disciplined Strategy 14,000 Net Sales Adjusted Net Income1 120 12,000 77% Oil 100 3-Stream2 10,000 80 8,000 87% Oil 86% Oil Boe/d Million 60 6,000 12,364 107.5 4,000 8,790…
Income Statement and Operational Stats Income Statement Operational Stats (Unaudited) Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended December 31, September 30, December 31, December 31, December 31,…
Balance Sheet and Cash Flow Statement Balance Sheet Cash Flow (Unaudited) Three Months Ended Twelve Months Ended (Unaudited) December 31, September 30, December 31, December 31, December 31, 2022 2022 2021 2022 2021 December 31,…
Non-GAAP Reconciliations Adjusted Net Income (Unaudited) Free Cash Flow Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended December 31, September 30, December 31, December 31, December 31, December 31,…
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 Grampp (713) 349-1067 jgramppallianceg.com ROTH Capital…
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