Ring Energy, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

SEGMENT REPORTING - Schedule of Segment Reporting Information (Details)

v3.25.1

SEGMENT REPORTING - Schedule of Segment Reporting Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Segment Reporting Information [Line Items]
Oil, natural gas, and natural gas liquids revenues	$ 79,091,207	$ 94,503,136
Lease operating expenses	(19,677,552)	(18,360,434)
Gathering, transportation and processing costs	(203,612)	(166,054)
Ad valorem taxes	(1,532,108)	(2,145,631)
Oil and natural gas production taxes	(3,584,455)	(4,428,303)
Net income	9,110,738	5,515,377
Lease operating expenses:
Total lease operating expenses	19,677,552	18,360,434
Exploration and Production \| Operating Segments
Segment Reporting Information [Line Items]
Oil, natural gas, and natural gas liquids revenues	79,091,207	94,503,136
Lease operating expenses	(19,677,552)	(18,360,434)
Gathering, transportation and processing costs	(203,612)	(166,054)
Ad valorem taxes	(1,532,108)	(2,145,631)
Oil and natural gas production taxes	(3,584,455)	(4,428,303)
Net income	54,093,480	69,402,714
Lease operating expenses:
Workovers	2,816,209	3,590,292
Other lease operating expenses	16,861,343	14,770,142
Total lease operating expenses	$ 19,677,552	$ 18,360,434

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