Ring Energy, Inc. revised its earnings guidance for the fourth quarter of 2022. For the quarter, the company expects to drill and complete 8 to 9 new wells, including 4 Hz wells with 2 in NWS and 2 in CBP North, and 4 to 5 vertical wells in CBP South; recomplete eight to 12 wells in CBP South; and reiterated its prior fourth quarter sales volumes estimate of 18,000 to 19,000 barrels of oil equivalent per day (“Boepd”) (approximately 70% oil, 17% natural gas and 13% natural gas liquids (“NGLs”)), despite the reduction in estimated fourth quarter capital expenditures.