VALUE FOCUSED PROVEN STRATEGY www.ringenergy.com NYSE American: REI
Ring Energy - Independent Oil & Gas Company Focused on Conventional Permian Assets in Texas Q2 2024 Net Production 19,786 Boe/d Yoakum (69% oil and 86% liquids) Differentiated approach by 2023 SEC Proved Reserves1,2 Gaines applying…
Track Record of Growth Expanding Core Areas in NWS & CBP Acquisition Track Record 19,400E Since 2018, Ring has successfully grown production by a 22% CAGR1 through 2024E. Founders Acquisition added accretive near-term cash…
Delivering Value YTD 2024 Key Takeaways Upgraded Portfolio and Efficient Execution Drive Results Adding Size Growing Adj and Scale EBITDA and AFCF1 Value Focused Proven Strategy Upgraded portfolio helped drive YTD 19 consecutive…
Enhanced Value for Stockholders YTD 2024 Executing Strategy Improves Key Metrics - Increased Production, Stable Operating Costs, and Enhanced FCF per Boe Production/Share Boe/Share All-in-Cash Operating Costs1 /Boe Adjusted Free Cash…
Enhanced Value for Stockholders YTD 2024 Executing Strategy Improves Key Cash Flow Metrics Versus a Year Ago ACFFO1 MM Adjusted EBITDA1 MM Adjusted Free Cash Flow1 MM 110 109 130 128 40 37 35 Up 16% Up 15% Up 60% 30 100 120 25…
Outperforming YTD 2024 Stock Performance Underlying Value and Operational Performance has Driven YTD Stock Performance 2024 YTD Stock Performance REI, Peers & XOP1,2 Outperforming Peers and Market YTD: 40% REI Distinguishing 30% Up…
Distinguishing Attributes: Low PDP Base Decline Rings Conventional Assets have Shallow Base Decline Versus Other Permian & Shale Players PDP Decline1: 2024E PDP Base Decline % 40% 36% 35% 35% 35% 34% 33% 33% Median 33% 32%…
Distinguishing Attributes: Low Capital Intensity Rings Conventional Assets Provide Low D&C Capital Intensity Ratio Versus Other Permian & Shale Players Capital Intensity Ratio : 2024E D&C Only Capex / 2024E Annual Oil Production…
Distinguishing Attributes: Long Life Reserves & Oil % Rings Conventional Assets have Extended Reserve Life and are Oily Versus Peers of Similar Size1,2 Reserve Life: YE 2023 SEC Proved Reserves / Q423 Annualized Production 20 Reserve…
Distinguishing Attributes: High Operating Margins Rings Conventional Assets with High Netbacks Drive Strong Cash Operating Margins vs. Peers1,2 1Q 2024 TTM Cash Operating Margin and Realized Pricing Operational Excellence and Cost…
Improved Outlook - Updated Guidance Q3 & FY 2024 Continue to Grow Oil Production, Disciplined Capex Spend, Optimize FCF, Pay Down Debt FY 2024 FY 2024 FY % Sales Volumes Q3 2024 Updated Original Diff FY 2024 CAPEX Allocation Total…
Positioned for Success in 2024 & Beyond Updated Outlook Pursue Operational Excellence with an Maximizing Adj. Free Cash Flow1,2 Emphasis on Oil Production Growth 100 Expected continued growth 50% Oil Sales Bo/d Sales Boe/d…
Permian Basin Conventional Opportunities Acquisition Strategy - Focus on Lower Cost CBP & NWS to Grow Publics Central Basin Platform (CBP) remains the underexplored Privates NWS Non-Basin opportunity of the Shale Era in Permian…
Value Proposition 2024 and Beyond Despite volatile energy markets, Ring has generated positive FCF for 19 quarters straight Delivering competitive returns to larger peers yet trading at a discount. Strong Cash Operating margins help…
THANK YOU Ring Headquarters 1725 Hughes Landing Blvd Ste 900 The Woodlands, TX 77830 Phone: 281-397-3699 Company Contact Analyst Coverage Al Petrie Alliance Global Partners (A.G.P.) Truist Financial Water Tower Research (281)…
APPENDIX www.ringenergy.com 19
Committed to ESG Critical to Sustainable Success 2023 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…
REI Historical Price Performance1 Price Performance Since January 1, 2022 5.5 6.5 MM warrants 140.00 exercised 5.0 Stronghold Announcement 120.00 4.5 3.0 MM warrants exercised 4.5 MM warrants 100.00 Founders Q4 & FY 2023 4.0…
Enhanced Value for Stockholders in 2023 Continued Track Record of Improving Corporate Returns Cash Return on Capital Employed1 (CROCE) % AVG WTI Pricing /Bbl Strong CROCE % 30% 100 94.90 Disciplined and successful capital 90…
Assets 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 Central Basin…
Assets Overview New Drill Inventory Performance Consistent HZ Well Performance Consistent Vertical Well Performance San Andres Horizontal Play 1 CBP Vertical Multi-Stacked Play 2 16,000 Cum 90-Day/ well Avg - BOE 30,000 Cum…
San Andres Horizontal Play Characteristics 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…
Vertical Multi-Stacked Zones Play Characteristics Proven, Conventional, Top Tier Returns CBP Vt Stack & Frac Delaware Hz Midland Hz High ROR Oil Play Central Basin Platform has produced 15 BBboe Low D&C Costs Vertical multi-stage…
Proved Reserves1 and Inventory SEC YE 2023 Reserves by Category (%) Reserves by PV-102 (MM) Reserves by Product (%) Locations by Area 32% 23% 18% 19% 450+3 Total Gross Locations & Opportunities NWS 130 1,647 130 MMBoe MM MMBoe…
2024 Q2 Operations Update Historical Quarterly Net Sales Production Capital allocation and drilling programs designed to maximize free cashflow generation Company Record Net Sales 19,786 20,000 Oil Bopd Gas Boepd NGL Boepd Founders…
MANAGEMENT & BOARD OF DIRECTORS www.ringenergy.com 34
Experienced Management Team Shared Vision with a Track Record of Success Hollie Lamb Paul D. McKinney Travis Thomas Alexander Dyes Phillip Feiner Shawn Young VP of NonOP Reservoir Chairman & Chief EVP & Chief EVP of Engineering &…
Board of Directors Accomplished and Diversified Experience 40+ years of domestic & international 43+ years of banking, capital oil & gas industry experience markets, governance & financial experience Executive & board roles include…
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