Company Overview - Ring Energy, Inc. is a Texas-based independent oil and natural gas company founded in 2004, focused on delivering competitive and sustainable returns [4] Investment Activity - Goldman Sachs Group Inc. reduced its holdings in Ring Energy by 33.5%, selling 394,814 shares, resulting in ownership of 783,618 shares valued at approximately $901,000, representing about 0.38% of the company [1] Debt Management Strategy - The company has been actively reducing its debt by acquiring assets to increase production, which has led to cost savings and a relatively low debt ratio [2] Production Forecast - For the second half of 2025, Ring Energy anticipates an average total sales volume of around 20,000 BOEPD, including 13,250 barrels per day of oil sales, with increased credit facility utilization in the mid-70% range due to the Lime Rock acquisition [3]