[SCHEDULE 13G/A] Ring Energy Inc. SEC Filing

Rhea-AI Filing Summary

Warburg Pincus and affiliated entities reported holding 5,474,165 shares of Ring Energy, Inc. Class A common stock, equal to 2.65% of the 206,544,770 shares outstanding used for the calculation. The Schedule 13G/A states the Reporting Persons have no sole voting or dispositive power and report shared voting and dispositive power over 5,474,165 shares. The filing notes the securities reported give effect to the sale of 8,919,487 shares after June 30, 2025.

The statement is signed by Harsha Marti on behalf of the Warburg entities on 08/12/2025, cites the Reporting Persons' principal business address (c/o Warburg Pincus LLC, 450 Lexington Avenue, New York), and incorporates a Joint Filing Agreement by reference to Exhibit 24.1 of the prior Schedule 13G dated May 9, 2025. The filing also includes a certification that the holdings were not acquired to influence control of the issuer.

Positive

• Clear disclosure of current shared beneficial ownership: 5,474,165 shares (2.65%)
• Filing quantifies recent disposition: sale of 8,919,487 shares after June 30, 2025
• Includes joint filing agreement reference (Exhibit 24.1) and authorized signatures

Negative

• Reporting Persons reduced their position by the sale of 8,919,487 shares after June 30, 2025
• Aggregate stake is 2.65%, below 5% threshold, limiting reported influence over corporate control

Insights

Securities Analyst

TL;DR: Warburg Pincus reports a 2.65% shared stake (5.47M shares) after selling 8.92M shares; holding is passive with no sole control.

The filing provides clear, quantifiable disclosure: 5,474,165 shares with shared voting and dispositive power, representing 2.65% based on 206,544,770 shares outstanding as of August 6, 2025. The statement specifically notes the sale of 8,919,487 shares after June 30, 2025, and includes the Item 10 certification that the securities were not acquired to change or influence control. For market participants, the updated position and the explicit sale quantity are the primary takeaways; the holding is below the 5% threshold that often triggers greater regulatory scrutiny or disclosure requirements related to control.

Corporate Governance Expert

TL;DR: Multiple Warburg entities file jointly, report shared authority and reference a Joint Filing Agreement; signatures dated 08/12/2025.

The filing lists a structured chain of entities and fund vehicles that together are the Reporting Persons and explains how general partner/manager relationships give rise to shared beneficial ownership treatment. The document references Exhibit 24.1 (Joint Filing Agreement) incorporated by reference to the prior Schedule 13G dated May 9, 2025, confirming coordinated disclosure. Signatures for the various entities are provided by the same authorized signatory, Harsha Marti, dated 08/12/2025. The record shows no assertion of sole control by any single entity and documents the recent sales activity that changed the aggregate reported position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Ring Energy, Inc.

(Name of Issuer)

Class A Common stock, par value $0.001 per share

(Title of Class of Securities)

76680V108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus & Company US, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of common stock ("Common Stock") outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission ("SEC") on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Partners II (US), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus (E&P) Energy LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus (E&P) Energy GP, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Energy (E&P)-A, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

WP Energy Stronghold Holdings, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

WP Energy Partners Stronghold Holdings, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Energy (E&P) Partners-B, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Energy (E&P) Partners-A, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus (E&P) XII LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus (E&P) XII, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus XII (E&P) Partners-2, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus XII (E&P) Partners-1, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

WP XII Stronghold Holdings, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

WP XII (E&P) Partners (A), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

WP XII (E&P) Partners (B), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Private Equity (E&P) XII-E (A), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Private Equity (E&P) XII-D (A), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus Private Equity (E&P) XII (A), L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus & Co.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

CUSIP No. 76680V108

1

Names of Reporting Persons

Warburg Pincus LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,474,165.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,474,165.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,474,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.65 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported percentage is calculated based on 206,544,770 shares of Common Stock outstanding as of August 6, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 6, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ring Energy, Inc.
(b)	Address of issuer's principal executive offices: 1725 HUGHES LANDING BLVD, SUITE 900, THE WOODLANDS, TEXAS , 77380.
Item 2.
(a)	Name of person filing: This statement is filed by the entities listed below, all of whom together are referred to herein as the "Reporting Persons": 1. Warburg Pincus & Company US, LLC; 2. Warburg Pincus Partners II (US), L.P.; 3. Warburg Pincus (E&P) Energy LLC; 4. Warburg Pincus (E&P) Energy GP, L.P.; 5. Warburg Pincus Energy (E&P)-A, L.P.; 6. WP Energy Stronghold Holdings, L.P.; 7. WP Energy Partners Stronghold Holdings, L.P.; 8. Warburg Pincus Energy (E&P) Partners-B, L.P.; 9. Warburg Pincus Energy (E&P) Partners-A, L.P.; 10. Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC; 11. Warburg Pincus (E&P) XII LLC; 12. Warburg Pincus (E&P) XII, L.P.; 13. Warburg Pincus XII (E&P) Partners-2, L.P.; 14. Warburg Pincus XII (E&P) Partners-1, L.P.; 15. WP XII Stronghold Holdings, L.P.; 16. WP XII (E&P) Partners (A), L.P.; 17. WP XII (E&P) Partners (B), L.P.; 18. Warburg Pincus Private Equity (E&P) XII-E (A), L.P.; 19. Warburg Pincus Private Equity (E&P) XII-D (A), L.P.; 20. Warburg Pincus Private Equity (E&P) XII (A), L.P.; 21. Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC; 22. Warburg Pincus & Co.; and 23. Warburg Pincus LLC.
(b)	Address or principal business office or, if none, residence: The principal business address of the Reporting Persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017.
(c)	Citizenship: See responses to Item 4 on each cover page.
(d)	Title of class of securities: Class A Common stock, par value $0.001 per share
(e)	CUSIP No.: 76680V108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to Item 9 on each cover page. The securities reported in this statement give effect to the sale of 8,919,487 shares of Common Stock by the Reporting Persons after June 30, 2025. Warburg Pincus & Company US, LLC is the general partner of Warburg Pincus Partners II (US), L.P., which is the managing member of Warburg Pincus (E&P) Energy LLC and Warburg Pincus (E&P) XII LLC. Warburg Pincus (E&P) Energy LLC is the general partner of Warburg Pincus (E&P) Energy GP, L.P., which is the general partner of Warburg Pincus Energy (E&P)-A, L.P., WP Energy Stronghold Holdings, L.P., WP Energy Partners Stronghold Holdings, L.P., Warburg Pincus Energy (E&P) Partners-A, L.P., and Warburg Pincus Energy (E&P) Partners-B, L.P. Warburg Pincus Energy (E&P) Partners-B, L.P. is the managing member of Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC. Warburg Pincus (E&P) XII LLC is the general partner of Warburg Pincus (E&P) XII, L.P., which is the general partner of Warburg Pincus XII (E&P) Partners-1, L.P., Warburg Pincus XII (E&P) Partners-2, L.P., WP XII Stronghold Holdings, L.P., WP XII (E&P) Partners (A), L.P., WP XII (E&P) Partners (B), L.P., Warburg Pincus Private Equity (E&P) XII (A), L.P., Warburg Pincus Private Equity (E&P) XII-D (A), L.P., and Warburg Pincus Private Equity (E&P) XII-E (A), L.P. Warburg Pincus XII (E&P) Partners-2, L.P. is the managing member of Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC (Warburg Pincus and the other entities listed in this paragraph, collectively, the "Warburg Entities"). In such capacities, each of the Warburg Entities may be deemed to beneficially own the reported securities. The filing of this statement shall not be deemed an admission by any of the Reporting Persons, of beneficial ownership of the reported securities for purposes of Section 13(d) or Section 13(g) or for any other purpose.
(b)	Percent of class: See responses to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Warburg Pincus & Company US, LLC

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Partners II (US), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus (E&P) Energy LLC

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus (E&P) Energy GP, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Energy (E&P)-A, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

WP Energy Stronghold Holdings, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

WP Energy Partners Stronghold Holdings, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Energy (E&P) Partners-B, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Energy (E&P) Partners-A, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus (E&P) XII LLC

Signature:	/s/ Harsha Marti /s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus (E&P) XII, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus XII (E&P) Partners-2, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus XII (E&P) Partners-1, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

WP XII Stronghold Holdings, L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

WP XII (E&P) Partners (A), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

WP XII (E&P) Partners (B), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Private Equity (E&P) XII-E (A), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Private Equity (E&P) XII-D (A), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus Private Equity (E&P) XII (A), L.P.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus & Co.

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Warburg Pincus LLC

Signature:	/s/ Harsha Marti
Name/Title:	Harsha Marti, Authorized Signatory
Date:	08/12/2025

Comments accompanying signature: Exhibit 24.1 Joint Filing Agreement, by and among the Reporting Persons, incorporated by reference to Exhibit 24.1 to the Schedule 13G dated May 9, 2025.

FAQ

How many Ring Energy (REI) shares do the Warburg entities report owning?

The Reporting Persons report shared beneficial ownership of 5,474,165 shares, with shared voting and dispositive power over those shares.

What percentage of Ring Energy does that ownership represent?

The reported amount represents 2.65% of the class based on 206,544,770 shares outstanding used for the calculation.

Did the filing disclose recent sales or purchases?

Yes. The statement says the reported securities give effect to the sale of 8,919,487 shares by the Reporting Persons after June 30, 2025.

Does any Reporting Person claim sole voting or dispositive power?

No. The filing reports 0 sole voting power and 0 sole dispositive power; all reported power is shared.

When was the Schedule 13G/A signed and who signed it?

Signatures are dated 08/12/2025 and are executed by Harsha Marti as Authorized Signatory for the Warburg entities.