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, 2025, we owned interests in a total of 12,892 gross (8,833 net) developed acres and 8,370 gross (8,318 net) undeveloped acres with an average proved operated working interest of 92% and net revenue interest of 69%. As of December 31, 2025, the Company had interests in approximately seven gross vertical and 136 gross horizontal producing wells, of which we operate seven vertical and 120 horizontal wells.