VALUE FOCUSED PROVEN STRATEGY www.ringenergy.com NYSE American: REI
Value Focused Proven Strategy Supporting Sustainable Returns KEY TAKEAWAYS Added Size & Scale - accretive acquisition of Stronghold assets Two full quarters with new assets under management which have led to record Net sales…
Independent Oil & Gas Company Focused on Conventional Permian Assets in Texas Generated Free Cash Flow for 14 Consecutive Quarters NWS Record Q1 2023 Net Sales 18,292 Boe/d Highly oil weighted 69% oil 16% gas 15% NGL 2022 SEC…
Q1 2023 Highlights Proven Strategy Leads to Record Results BOE Oil Cash Flow Adjusted Free Cash Leverage Liquidity3 Production Production From Ops1 EBITDA1 Flow1 Ratio2 Q1 18,292 12,660 49.4 58.6 10.5 1.65x 179 2023 Boe/d BOPD…
Enhancing Value for Shareholders Executing Strategy Improves Annual Key Metrics1 Production/Share CFFO (million) 0.04 200 0.04 173 Up Up 150 Up 0.03 33% 33% 149% 0.03 100 70 50 0.02 - 2021 2022 2021 2022…
Enhancing Value for Shareholders Executing Strategy Improves Annual 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…
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 Accelerated Exercise of Warrants Common warrants were issued in October 2020 as part of a public offering that raised…
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…
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 & Q1 2023 results Disciplined and capital efficient budget is…
Asset Overview
Company Overview Core Assets Operating Statistics Q1 2023 Net Production (MBoe/d) 18.3 Oil (Bo/d) 69% 12.7 Gas (Mcf/d) 16% 17.8 NGLs (Bbls/d) 15% 2.7 LOE ( per Boe) 10.61 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 Deep Inventory of High-Return Drilling and Re-Completion Locations Select Recent New Drill Horizontal Well Results Northwest Shelf Select Recent New Drill Vertical Well Results Peak IP Lateral Geological Central…
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…
Financial Overview
2023 Guidance Grow Production, Generate FCF, Pay Down Debt Sales Volumes Q2 2023 FY 2023 Total (Boe/d) 17,900 18,400 17,800 18,800 Oil (%) 69% 66-70% CAPEX Allocation NGLs (%) 15% 14-16% 8% Gas (%) 16% 16-18% Capital Program…
Income Statement and Operational Stats Income Statement Operational Stats (Unaudited) Three Months Ended Three Months Ended March 31, December 31, March 31, March 31, December 31, March 31, 2023 2022 2022 2023 2022 2022 Net sales…
Balance Sheet and Cash Flow Statement Balance Sheet (Unaudited) March 31, 2023 December 31, 2022 Cash Flow (Unaudited) Three Months Ended March 31, December 31, March 31, ASSETS 2023 2022 2022 Current Assets Cash and cash…
Non-GAAP Reconciliations (Unaudited) (Unaudited for All Periods) Adjusted Net Income Three Months Ended Free Cash Flow Three Months Ended March 31, December 31, March 31, March 31, December 31, March 31, 2023 2022 2022 2023 2022…
Corporate Strategy Summary 2022 Value Focused for Sustainable Returns Attract and Retain Highly Qualified People Successfully attracting key personnel…
Experienced Management Team Shared Vision with a Track Record of Success Add Add Add Photo Photo Photo Paul D. McKinney Stephen D. Brooks Alexander Dyes Travis Thomas Hollie Lamb Marinos Baghdati Chairman & Chief EVP of Land,…
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…
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 (949) 296-4171 jgramppallianceg.com ROTH Capital…
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