Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE MEASUREMENTS

Schedule of valuation of assets and liabilities that are measured at fair value on a recurring basis


		Fair Value Measurement Classification
		Quoted prices
		in Active
		Markets
		for Identical			Significant
		Assets			Other			Significant
		or			Observable			Unobservable
		(Liabilities)			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)			Total
As of December 31, 2021
Commodity Derivatives - Liabilities		$	—		$	(29,241,588)		$	—		$	(29,241,588)
Total		$	—		$	(29,241,588)		$	—		$	(29,241,588)


		Fair Value Measurement Classification
		Quoted prices
		in Active
		Markets
		for Identical			Significant
		Assets			Other			Significant
		or			Observable			Unobservable
		(Liabilities)			Inputs			Inputs
		(Level 1)			(Level 2)			(Level 3)			Total
As of June 30, 2022
Commodity Derivatives - Assets		$	—		$	2,138,585		$	—		$	2,138,585
Commodity Derivatives - Liabilities			—			(32,700,566)			—			(32,700,566)
Total		$	—		$	(30,561,981)		$	—		$	(30,561,981)