Ring Energy, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 13 — COMMITMENTS AND CONTINGENCIES Surety Bonds – As of December 31, 2025 and 2024, the Company had $2,275,000 in total surety bonds. A Texas Railroad Commission ("RRC") required blanket performance bond to operate 100 or more wells in the State of Texas in the amount of $250,000 and another RRC required blanket plugging extension bond in the amount of $2,000,000. Both RRC bonds have zero collateral requirements A surety bond in the amount of $25,000 to operate wells in the State of New Mexico was also in place as of December 31, 2025 and 2024; however, that bond will likely be released as the Company no longer operates wells in New Mexico. Total expenses related to the RRC surety bonds were $38,000 and $29,585 for the years ended December 31, 2025 and 2024, respectively. The New Mexico bond is supported by a $25,000 standby letter of credit collateralized by the Credit Facility with the bank. Standby Letters of Credit – As of December 31, 2025 and 2024, the Company had total standby letters of credit outstanding of $35,000, consisting of a $10,000 standby letter of credit in favor of a federal agency and a $25,000 standby letter of credit issued to support bonding requirements related to the Company's former operations in the State of New Mexico. The Company no longer conducts operations in New Mexico and expects the standby letter of credit related to the New Mexico bonding requirements to be released, subject to regulatory approval. No amounts had been drawn under either standby letter of credit as of December 31, 2025 and 2024, and no liability has been recorded in the accompanying Balance Sheets related to these arrangements.