Ring Energy (REI) investor relations material

Strategic Positioning and Asset Focus

• Concentrates on the Central Basin Platform and southern shelf in the Permian Basin, leveraging low entry costs and significant remaining recoverable resources exceeding 15 Bbbl.

• Holds over 96,000 net acres, with more than 500 identified gross new drill locations and 10+ years of drilling inventory at current activity levels.

• Emphasizes conventional reservoirs with higher porosity and permeability, resulting in shallower declines and longer asset lives.

• Recent acquisitions, such as Stronghold Energy and Lime Rock, have expanded operational scale and inventory.

• Positions as a top consolidator in the Central Basin Platform and Northwest Shelf, with a proven track record in accretive M&A and integration.

Operational Advancements and Technology Adoption

• Shifted from primarily vertical to predominantly horizontal drilling, with a strategic focus on longer laterals and multi-bench development.

• Adoption of co-development and multi-bench drilling strategies has unlocked over 200 high-return horizontal wells in Crane County.

• Horizontal drilling and multi-stage frac technology have significantly increased oil recovery and PV-10 values by 180% and 65%, respectively.

• Technological improvements now allow for 2-mile laterals, enhancing resource recovery and capital efficiency.

• Horizontal development has revitalized legacy fields, significantly increasing well count and production in key counties since 2015.

Financial Strategy and Capital Allocation

• Maintains a strong focus on financial strength, targeting a leverage ratio below 1.25x to optimize credit facility terms.

• Capital allocation is disciplined, prioritizing highest-return projects and spinning off non-core assets.

• Operating costs have consistently trended at or below guidance, supporting margin expansion, with LOE guidance at $10.00–$10.60 per Boe for 2026.

• Revised 2026 guidance increases capital spending to $160–$165 million, with a greater focus on horizontal wells and infrastructure.

• Achieved over 127% production growth and 107% PV-10 increase since 2020, with 20+ years of reserve life.