2023 Second Half Revised Outlook Proven Strategy Leads to Stockholder Value Sales Boe/d Oil Sales Bo/d Pursue Operational Net Sales 20,000 15,000 Excellence with a 18,350 to 19,200 Boe/d 15,000 10,000 10,000 Sense of Urgency…
Committed to ESG Critical to Sustainable Success 2022 Sustainability Report Progressing our ESG Journey A Target Zero Day is a Day that Results in: Download Report PDF Created ESG Task Force in 2021 to monitor Zero Company or…
Proved Reserves1 and Inventory SEC YE 2022 Reserves by Category (%) Reserves by PV-102 (MM) Reserves by Product (%) Locations 17% 19% 400+3 Total Gross Locations & Opportunities 35% 31% Gaines Lea 138 2,774 138 MMBoe MMBoe…
Value Proposition 2023 and Beyond Trading at a discount Delivering competitive returns Proven strategy delivering superior results Disciplined capital program focused on maintaining production, FCF generation and debt…
ASSET OVERVIEW www.ringenergy.com
Company Overview Core Assets Q2 2023 Net Production (MBoe/d) 17.3 Oil (Bo/d) 69% 11.9 NGLs (Bbls/d) 15% 2.6 Gas (Mcf/d) 16% 17.1 LOE ( per Boe) 10.14 YE22 PD Reserves1 PV10 (MM) 1,907 YE22 PD Reserves1 (MMBoe) 90 YE22 PUD…
Core Assets in NWS and CBP Record Sales Significant Increase in Proved Reserves1 Focus investments on growing core asset areas in NWS & CBP 107% Increase in PD Reserves YOY 78% Increase in 1P Reserves YOY 14,000 NWS CBP DLWR 160,000…
Assets Overview New Drill Inventory Performance Consistent Hz Well Performance Consistent Vertical Well Performance Shorter Cycles Times & Lower Capex Drive Capital Efficiency SA Horizonal Play1 CBP Vertical Multi-Stacked Pay2…
Assets Overview Deep Inventory of High-Return Drilling and Re-Completion Locations Select Recent New Drill Vertical Well Results Select Recent New Drill Horizontal Well Results Central Basin Platform Northwest Shelf Peak IP Peak IP…
San Andres Reservoir Proven, Conventional, Top Tier Returns San Andres Hz Delaware Hz Midland Hz High ROR Oil Play Permian Basin has produced 30 BBbl Low D&C Costs San Andres accounts for 40% Lower 1st Year Decline Low D&C costs1…
FINANCIAL OVERVIEW www.ringenergy.com 18
2023 Second Half Pro Forma Guidance Grow Production, Generate FCF, Pay Down Debt Sales Volumes Q3 2023 Q4 2023 2H 2023 CAPEX Allocation Total (Boe/d) 18,100 18,600 18,900 19,500 Mid Point (Boe/d) 18,350 19,200 8% - Oil (%) 68%…
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, June 30, June 30, March 31,…
Balance Sheet and Cash Flow Statement Balance Sheet Cash Flow (Unaudited) Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2023 2023 2022 2023 2022 Cash Flows From Operating Activities Net income…
Non-GAAP Reconciliations Adjusted Net Income Adjusted EBITDA (Unaudited for All Periods) Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2023 2023 2022 2023 2022 Net Income 28,791,605 32,715,779…
Non-GAAP Reconciliations (cont.) Leverage Ratio Adjusted Free Cash Flow (Unaudited) (Unaudited for All Periods) Three Months Ended Three Months Ended Six Months Ended September December March 31, June 30, Last Four June 30, March…
Experienced Management Team Shared Vision with a Track Record of Success Hollie Lamb Paul D. McKinney Stephen D. Brooks Alexander Dyes Travis Thomas Marinos Baghdati VP of NonOP Reservoir Chairman & Chief EVP of Land, Legal, EVP…
Board of Directors Accomplished and Diversified Experience 35+ years of domestic & international 43+ years of banking, capital 14+ years of finance & capital markets oil & gas industry experience markets, governance & financial…
PROPOSED ACCRETIVE ACQUISITION EXPANDS CORE OPERATING AREA RING ENERGY PROPSED ACQUISITION OF FOUNDERS OIL & GAS PROPOSED TRANSACTION SUMMARY www.ringenergy.com NYSE American: REI
Proposed Accretive Acquisition Expands Core Operating Area Central Basin Transaction Highlights Immediately Accretive to Platform Accretive acquisition expands Rings Cash Flow New Mexico Texas core Central Basin Adjusted FCF…
Asset & Pro Forma Company Highlights FOUNDERS O&G PROFILE Asset Highlights Q223 Est. Net Sales1 : 2.5 MBoe/d Predictable PDP base with shallow declines, long-life reserves, Prod Mix: 86% Oil New Mexico and highly oil weighted (80%)…
Purchase Price and Funding Overview 75 Million in Total Consideration 60 million 15 million All cash Effective date is Anticipated cash at closing, deferred cash consideration April 1, 2023 closing date is subject to payment,…
Positioning Company for Long-Term Value Immediately Accretive Metrics Track Record of Reducing Leverage Since YE20 4.00 125 4.0 Production increase1 7% Leverage Ratio5 3.48 WTI Oil Price Reserves2 increase 7% 100 3.0 NTM…
High Quality Inventory Provides Superior Economic Returns Undeveloped Drilling Locations Inventory of 50+ low risk, high rate-of-return drilling locations lowers Rings break-even costs Recent Founders vertical wells demonstrate…
Ring Energy Expanding Core Areas in NWS & CBP Acquisition Track Record Since 2018, Ring will have 19,2004 successfully grown production by a 27% CAGR1 through 4Q 2023 assuming the closing of the Founders acquisition Founders…
Executing on our Value Focused Proven Strategy Proposed Founders acquisition is immediately accretive to Rings stockholders regarding production, reserves, Adjusted Free Cash Flow1, and other metrics Will continue to pursue…
THANK YOU Company Contact Analyst Coverage Al Petrie Alliance Global Partners (A.G.P.) Truist Financial Water Tower Research (281) 975-2146 Jeff Grampp (949) 296 4171 Neal Dingmann (713) 247-9000 Jeff Robertson (469) 343-9962…
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