Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

FAIR VALUE MEASUREMENTS

Schedule of valuation of assets and liabilities that are measured at fair value on a recurring basis


		Fair Value Measurement Classification
		Quoted prices in
		Active Markets
		for Identical Assets			Significant Other			Significant
		or (Liabilities)			Observable Inputs			Unobservable
		(Level 1)			(Level 2)			Inputs (Level 3)			Total
As of December 31, 2019

Oil and gas derivative liabilities		$	—		$	(3,000,078)		$	—		$	(3,000,078)

Total		$	—		$	(3,000,078)		$	—		$	(3,000,078)


		Fair Value Measurement Classification
		Quoted prices in
		Active Markets
		for Identical Assets			Significant Other			Significant
		or (Liabilities)			Observable Inputs			Unobservable
		(Level 1)			(Level 2)			Inputs (Level 3)			Total
As of September 30, 2020

Oil and gas derivative assets		$	—		$	11,086,621		$	—		$	11,086,621

Total		$	—		$	11,086,621		$	—		$	11,086,621