Northwest Shelf

Target Reservoir

Ring Energy, Inc. (REI) acquired its Northwest Shelf (NWS) assets in April 2019. The NWS is targeting the San Andres formation, a conventional shallow carbonate reservoir at approximately 5,000 feet (approximately 86% oil.)

Acreage

REI’s NWS assets are located in Yoakum County, Texas and Lea County, New Mexico. As of December 31, 2023, we owned interests in a total of 12,572 gross (8,751 net) developed acres and 16,258 gross (12,405 net) undeveloped acres. As of December 31, 2023, the Company had interests in approximately five gross vertical and 146 horizontal producing wells, of which we operate five vertical and 111 horizontal wells.