VALUE FOCUSED PROVEN STRATEGY www.ringenergy.com NYSE American: REI
Ring Energy Independent Oil & Gas Company Focused on Conventional Permian Assets in Texas & New Mexico Deliver competitive and sustainable returns by developing, acquiring, exploring for, and commercializing oil and natural gas…
Q3 2022 Highlights Executing our Strategy Successfully closed accretive transaction Q3 2022 Highlights Record quarterly sales revenue of 94.4 MM highest in Company history Increased sales volumes2 42% to 13,278 Boe/d (76% oil, 13%…
Committed to ESG Critical to Sustainable Success 5 www.ringenergy.com NYSE American: REI
2022 Value Focused Proposition Proven Strategy Leads to Shareholder Value YTD 139 MM Adj. EBITDA1 Pursue Operational (134% Increase over 2021 for same time period) Excellence with a Sense of Urgency YTD Average 10,512 Boepd (81%…
Financials
Sustainable Value Focused Results Executing Disciplined Strategy Net Sales Adjusted Net Income1 14,000 35.0 12,000 30.0 76% Oil 10,000 3-Stream2 25.0 86% Oil 8,000 85% Oil 85% Oil Boe/d 87% Oil 20.0 MM 13,278 6,000…
Historical Metrics1 Quarterly Analysis of FCF MM Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Disciplined & efficient capital spending Adj EBITDA1 19.7 24.0 35.6 47.4 56.0 Capital -13.7 -11.3 -19.7 -41.8 -40.3 Focused on sustainably…
Reducing Debt & Increasing Liquidity Disciplined Capital Spending & Sustainably Generating FCF is the Key Debt Paydown MM Stronghold Liquidity MM 18 Acquisition 50 180 17 16 45 160 165.0 40 14 140 35 12 120 30 10…
Asset Areas
Ring + Stronghold Pro-Forma Overview Successfully closed the acquisition on August 31, 2022 172.4MM cash at close after certain purchase price adjustments and funded from new credit facility Key Transaction borrowings Structure & 15MM…
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 Days (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…
Central Basin Platform Asset Areas Technical Focus Reinvigorates Legacy Area 3Q22 Avg Sales1 Gross / Net Acres2 5,376 Boe/d (76% Oil) 29,065 / 20,288 3Q22 D&C 3Q22 CTRs Completed 3 Hz wells (100% WI) 1 Conversion Northern CBP…
Northern Central Basin Platform HZ Well Performance & Costs Technical Improvements to Completion and Landing Zone Annual D&C per HZ Cost Range (1.0 & 1.5 Mile)1 CBP 1.0 & 1.5 Mile HZ Performance Cum BO vs Time (2021 & 2022 vs…
Southern Central Basin Platform Vertical Well Performance & Costs Stacked Pay Zones Modern Completion Methods Crane Co. Vertical Recompletion RC Cum BOE vs Time (Days) 100,000 CBP South Type Log 10,000 Cum Production, BOE…
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 250,000 240,000…
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…
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 21…
Income Statement and Operational Stats Income Statement Operational Stats (Unaudited) (Unaudited) Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, 2022…
Balance Sheet and Cash Flow Statement Balance Sheet (Unaudited) September 30, December 31, Cash Flow (Unaudited) September 30, Three Months Ended June 30, September 30, Nine Months Ended September 30, 2022 2021 2022 2022 2021…
Non-GAAP Reconciliations Adjusted Net Income Free Cash Flow Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, June 30, September 30, September…
Q4 2022 Guidance Grow Production, Generate FCF, Pay Down Debt Sales Volumes Total (Boe/d) 18,000 19,000 Oil (Bo/d) 70% 12,600 13,300 CAPEX Allocation Gas (Mcf/d) 17% 18,400 19,400 9% NGLs (Bbls/d) 13% 2,300 2,500 Capital Spending…
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…
SEC Proved Reserves1 Year-End 2021 Net 2021 SEC Pricing Net Oil, Net Gas, Net 2 PV-103, Reserve Category Capex , 1P Summary MBbl MMcf MBOE MM MM Oil/Bbl Gas /Mmbtu PD 36,821 39,749 43,446 55 794 63.04 3.598 PUD 29,018…
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…
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…
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