Ring Energy, Inc.

Good day and welcome to Ring Energy's first quarter 2026 earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Al Petrie, Investor Relations. Please go ahead.

Thank you, Operator, and good morning, everyone. We appreciate your interest in Ring Energy. We'll begin our call with comments from Paul McKinney, our Chairman of the Board and CEO, who will provide an overview of key matters for the first quarter of 2026. We'll then turn the call over to Sunu Jeol, Ring Energy's Executive VP and Chief Financial Officer and Treasurer, who will review our financial results. Paul will then return with some closing comments before we open up the call for questions. Also joining us on the call today are James Parr, Executive VP and Chief Exploration Officer, Alex Diaz, Executive VP and Chief Operations Officer, and Sean Young, Senior VP of Operations. During the Q&A session, we asked you to limit your questions to one and a follow-up. You're welcome to re-enter the queue later with additional questions. I would also note that we have posted an updated corporate presentation on our website. During the course of this conference call, the company will be making forward-looking statements within the meaning of federal securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance, and those actual results or developments may differ materially from those projected in the forward-looking statements. Finally, the company can give no assurance that such forward-looking statements will prove to be correct. Ring Energy disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Accordingly, you should not place undue reliance on forward-looking statements. These and other risks are described in today's press release and in our findings with the SEC. These documents can be found in the investors section of our website located at www.ringenergy.com. Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may vary materially. This conference call also includes references to certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable measure under GAAP are contained in yesterday's earnings release. Finally, as a reminder, this conference call is being recorded. I'd now like to turn the call over to Paul McKinney, our Chairman and CEO.

Good morning, everyone, and thank you for joining us. As many of you may know, Ring Energy's stock has performed well year-to-date, and we believe, as do others, that Ring may qualify for inclusion in the Russell 2000 Index this year. We understand the list of companies that will be joining the index will be published later this month and become effective after market close on June 26, 2026, and we look forward to this. Because we know others are anticipating our inclusion as well and may be joining us for the first time, we intend to begin this earnings call a little differently. We want to take the opportunity to introduce ourselves and point out where we operate the distinguishing aspects of our asset base, the strategy that we are pursuing that differentiates us from our peers, and how the current macro and geopolitical environment impact our business. So, before we get into the quarterly results, we want to take a step back and introduce the company. For those of you who are existing investors and know our story, I thank you in advance for your patience. Hopefully, you too will learn something new since we are a dynamic and growing company as things change at a fast pace. To help me with this endeavor, our James Parr, our Chief Exploration Officer, and Alex Dyes, our Chief Operations Officer, each brings a different perspective to the ring story. James on the asset base and technical opportunity, and Alex on the operations and execution. Afterwards, Sanu and I will cover the first quarter results and expand on our financial strategy, capital allocation, and investor perspectives. So, on a high level, Ring is an oil-weighted upstream energy company focused on the Texas portion of the Permian Basin. We are not built around the high decline shale model that many investors associate with our basin. Our business is built on commercializing historically overlooked, once believed to be uneconomic, conventional assets. By applying recently developed technologies and perspectives, with an exploration mindset. Distinguishing aspects of our core assets are long-life wells with shallow base declines, highly oil-weighted with high operating margins and net back interest, and undeveloped opportunities with relatively low drilling and completion costs with significant returns and low break-even costs. Our existing Ten-year-plus inventory of conventional assets in the Central Basin Platform and the Northwest Shelf include a deep set of undeveloped wells, recompletion, workover, and optimization opportunities capable of sustainable year-over-year cash flow generation. Our asset profile is important. It gives us a durable production base, a lower maintenance capital requirement, and the ability to generate free cash flow through commodity cycles. Our strategy is not to chase production growth for its own sake. Our strategy is to protect the balance sheet, allocate capital to the highest return opportunities in the portfolio, and convert our resource base into sustainable cash flow over time. This is why we believe Ring is particularly well positioned in the current environment. With that context, and before we get into the quarterly results, we want to ground everyone listening with us today with the virtues of our asset base. To understand Ring, you must understand where we operate and why those assets are unique. So with that, let me turn this call over to James Parr to walk us through our asset base, why the Central Basin Platform and Northwest Shelf are so important to Ring and our shareholders, and how your Ring Energy team continues to unlock value across the portfolio. James?