Midland, Texas

Midland, Texas based E&P company focused on domestic exploration and production of oil and natural gas with current operations in Texas and Kansas

Year End 2016 Reserves:
27.7 MMBOE of proven reserves
37% Developed
• 90% Oil
PV-10 of $217.3 million
Probable Reserves – 14.3 MMBOE PV-10 of $73.5 million³
Possible Reserves – 3.7 MMBOE PV-10 of $25.6 million³

118,398 Texas gross acres (89,946 Net) as of 4/17/17
Central Basin Platform gross acres 97,604 (69,456 Net)
Delaware Basin gross acres 20,794 (20,490 Net)
Kansas gross acres 17,631 (16,673 Net)
March 2017 average net production: 3,638 BOE/D (94% oil)

Multi-Year Drilling Inventory
Control of Operations and CAPEX
Experienced Management
¹ According to report audited by an independent professional engineering firm using year end 2016 SEC pricing of $39.17 per barrel of oil and $2.43 per MCF of gas.
² Includes PV-10 of All Proved, Probable and Possible Reserves
³ Based on internal engineering study of Texas properties only - using $39.17 per barrel of oil and $2.47 per Mcf of gas

Permian Basin

80 years of production – 30 billion barrels produced
Contains estimated 22% of remaining U.S. oil reserves and 29% of estimated U.S.
   reserve growth

San Andres Zone Facts ¹
6 billion San Andres barrels produced in the Permian Basin
2.15 billion barrels produced from Central Basin San Andres

San Andres Geology
Lithology = Limestone & Dolomite
Average Well Depth – 4,800 feet
Average Zone Thickness – 200 feet
Porosity – 8% to 16%

¹ Source: National Energy Technology Laboratory (5/04)

Delaware Basin

Acquired assets from private company for $75MM in June 2015
Financed the acquisition with a $51.75MM equity issuance and fundings under the upsized    revolver of $100 million borrowing base
15,154 net acres (98% WI; 78% NRI)
Increased net Permian acreage position by ~80%
Immediate opportunities to increase production without drilling (low hanging fruit)
December net production of ~1,075 Boe/d (67% oil)
78 vertical PDP wells
Continued focus on vertical well development

Drilled one new development well in Q4
Evaluating existing wells and condition of current infrastructure
First priority was to upgrade the salt water disposal system. The system is now capable of    handling much greater amounts of water to accommodate increased drilling
   and development

Kansas Leasehold

Gray, Finney & Haskell Counties, Kansas

Low Entry Cost
Favorable Terms on Long Term Leasehold of 17,631 gross acres and 16,673 net acres.
Entered into joint development agreement. Initiated pilot development program Q1 2014.
Shot extensive 3D seismic in Q4 2014.
Further development on hold
95% – 100% WI / 76% – 80% NRI


Recent Developments & Preliminary 2017 Capex Guidance

In April 2017, Ring announced the acquisition of 33,000 undeveloped acres in Gaines County, Texas for approximately $16.6 MM ($500 per acre)
More than 50% of the acquired acres are contiguous to Ring’s existing Central Basin Platform
The Company will have a 100% working interest and a net    revenue interest of 75%
Eight horizontal wells on production at the end of Q1’17. The five completed wells in Q1’17 had 24 hour gross initial production (“IP”) rates ranging
   from 377 Boe/d to well over 800 Boe/d with an average gross of 660 Boe/d
The Company has grown its acreage position related to the horizontal development program in the CBP to approximately 87,000 gross acres and
   63,000 net acres
New acreage complements existing acreage and increased total locations to approximately 825 gross and 600 net
Ring’s eight-well vertical drilling program resulted in encouraging Delaware horizontal potential




Ring Energy, Inc. is an independent oil and gas exploration company with headquarters in Midland, Texas. Ring Energy’s business strategy is focused on the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States.



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