Ring Energy

(REI)

Crude oil-primary · Permian · 31 hedge positions disclosed

As of 10-Q 2026-08-05 · Aug 5, 2026.
Ring Energy may have added, unwound, or restructured hedges since this filing, and the changes won't appear here until their next quarterly disclosure. Treat all numbers below as a point-in-time snapshot. View source on SEC EDGAR
Equity Market Cap
$240M
Production /d
126
MBoe or MMcfe per filing
% Natural Gas
15%
FCF Breakeven
$40.00
$/Boe
Hedges basis
Estimated value of hedges vs current strip
-$38Mout of the money vs current forward curve

BoxWood estimate, intrinsic value of the disclosed WTI + Henry Hub positions marked against the Sep 3, 2026 CME forward curve. Positive = locked in above today's market. This is an estimate from public data, not Ring Energy's own mark. It excludes basis, option time value, SOFR discounting, and the positions themselves may have changed since the filing.

Crude Oil hedge shape

Blended protection by quarter · $/Bbl
Blended collar (floor to ceiling) Avg hedge price
Swaps and collars volume-weighted into one effective collar · a swap is a floor equal to its ceiling.
Hedged volume by quarter · bbls/d
Sum of disclosed daily hedge volume active in each quarter.

Natural Gas hedge shape

Blended protection by quarter · $/MMBtu
Blended collar (floor to ceiling) Avg hedge price
Swaps and collars volume-weighted into one effective collar · a swap is a floor equal to its ceiling.
Hedged volume by quarter · MMBtu/d
Sum of disclosed daily hedge volume active in each quarter.

Crude Oil positions

TypePeriodVolumePrice level
SwapJul 2026 - Sep 20262,863 bbls/d$61.77
SwapOct 2026 - Dec 20265,750 bbls/d$65.34
SwapJan 2027 - Mar 20275,661 bbls/d$62.82
SwapApr 2027 - Jun 20275,407 bbls/d$60.45
SwapJul 2027 - Sep 20274,696 bbls/d$61.80
SwapOct 2027 - Dec 20274,489 bbls/d$57.59
CollarJul 2026 - Sep 20266,127 bbls/d$60.82 × $76.19
CollarOct 2026 - Dec 20264,000 bbls/d$65.00 × $80.00
CollarJan 2027 - Mar 202733 bbls/d$62.50 × $73.65
CollarJul 2027 - Sep 2027358 bbls/d$60.00 × $72.30
CollarOct 2027 - Dec 2027363 bbls/d$60.00 × $72.30
CollarJan 2028 - Mar 20284,726 bbls/d$55.59 × $66.02
CollarApr 2028 - Jun 20284,567 bbls/d$57.50 × $73.02

Natural Gas positions

TypePeriodVolumePrice level
SwapJul 2026 - Sep 20266,522 MMBtu/d$4.19
SwapOct 2026 - Dec 202611,655 MMBtu/d$3.99
SwapJan 2027 - Mar 20274,885 MMBtu/d$4.02
SwapApr 2027 - Jun 20274,649 MMBtu/d$4.02
SwapJul 2027 - Sep 202711,738 MMBtu/d$3.86
SwapOct 2027 - Dec 202711,371 MMBtu/d$4.02
SwapJan 2028 - Mar 202811,127 MMBtu/d$3.77
SwapApr 2028 - Jun 202810,817 MMBtu/d$3.77
SwapJul 2028 - Sep 202810,401 MMBtu/d$3.77
SwapOct 2028 - Dec 202810,125 MMBtu/d$3.77
SwapJan 2029 - Mar 202910,090 MMBtu/d$3.67
SwapApr 2029 - Jun 20299,747 MMBtu/d$3.67
SwapJul 2029 - Sep 20299,419 MMBtu/d$3.67
SwapOct 2029 - Dec 20299,197 MMBtu/d$3.67
CollarJul 2026 - Sep 20267,051 MMBtu/d$3.10 × $4.24
CollarOct 2026 - Dec 20261,391 MMBtu/d$3.50 × $5.42
CollarJan 2027 - Mar 20277,967 MMBtu/d$3.99 × $5.21
CollarApr 2027 - Jun 20277,626 MMBtu/d$3.00 × $4.32

Sourced from Ring Energy's 10-Q 2026-08-05 dated Aug 5, 2026. Hedge positions disclosed in 10-K / 10-Q filings reflect the company's book as of the filing date. Material activity may have occurred since. BoxWood does not estimate post-filing position changes. The estimated value above marks those disclosed positions against the current CME forward curve (intrinsic only) and is not the company's own mark-to-market.

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BoxWood is commodity hedge management software for oil and gas producers, fuel consumers, refiners, and trade houses: AI-checked trade confirmations, one-click daily mark-to-market, counterparty reconciliation, settlements, scenario analysis, and automated daily reports for natural gas, NGL, crude, refined-product, and basis hedges. The Peer Hedge Atlas is the public, filing-sourced part of it.