Company Overview

Riley Exploration Permian, Inc. (REPX) is an independent oil and natural gas exploration and production company focused exclusively on onshore U.S. unconventional and conventional resources. The company operates within the energy and upstream oil and gas industries, with activities centered on the acquisition, development, and production of hydrocarbons. Its revenue is primarily driven by crude oil sales, with natural gas and natural gas liquids providing secondary contributions.

The company’s core operations are concentrated in the Permian Basin, one of North America’s most prolific hydrocarbon-producing regions. REPX targets low-decline, long-life conventional reservoirs alongside select horizontal development opportunities, positioning itself as a niche operator with technical expertise in mature fields. The company was founded in 2015 and became publicly traded in 2021 following a business combination that expanded its asset base and provided access to public capital markets, enabling accelerated development and bolt-on acquisitions.

Business Operations

Riley Exploration Permian operates through a single reportable business segment focused on oil and natural gas exploration and production. The company generates revenue by producing and selling crude oil, natural gas, and natural gas liquids from operated and non-operated working interests. Its asset base consists primarily of producing wells, undeveloped acreage, and related infrastructure in Texas and New Mexico.

Operationally, REPX emphasizes disciplined capital allocation, low operating costs, and enhanced recovery techniques in conventional reservoirs. The company controls drilling inventory, leasehold acreage, and field-level infrastructure, while also utilizing third-party midstream providers for gathering, processing, and transportation. Subsidiary operations are conducted through wholly owned entities, including Riley Exploration – Permian, LLC, which holds the company’s core producing assets.

Strategic Position & Investments

Riley Exploration Permian’s strategy centers on growing production and reserves through organic development and opportunistic acquisitions within its core operating areas. The company prioritizes assets with existing production, predictable decline profiles, and upside through recompletions, infill drilling, and secondary recovery methods. This approach is designed to generate steady cash flow while limiting exploration risk.

Historically, REPX has expanded its footprint through acquisitions of producing properties and acreage in the Permian Basin, integrating them into its operating platform. The company continues to evaluate bolt-on acquisitions and development projects that enhance scale and operational efficiencies. Its investment focus remains on conventional resource plays, which differentiates it from peers that emphasize capital-intensive shale-only development.

Geographic Footprint

Riley Exploration Permian’s operations are concentrated entirely within the United States, with a geographic focus on the Permian Basin spanning West Texas and southeastern New Mexico. The company’s headquarters is located in Houston, Texas, which serves as the center for corporate management and strategic planning.

Within the Permian Basin, REPX maintains a presence across multiple counties, providing diversification across reservoirs and producing formations. While the company does not have international operations, its assets are located in one of the most economically significant oil-producing regions globally, giving it indirect exposure to global energy markets through commodity pricing.

Leadership & Governance

Riley Exploration Permian is led by a management team with extensive experience in upstream oil and gas operations, acquisitions, and reservoir engineering. The leadership emphasizes disciplined growth, operational efficiency, and shareholder returns, with a strategic vision focused on sustainable development of long-life assets and prudent balance sheet management.

Key members of the executive leadership team include:

• Bobby D. Riley – Chairman of the Board and Chief Executive Officer
• Philip A. Riley – President and Director
• Kirk L. Edwards – Chief Financial Officer
• Brandon S. Perdue – Chief Operating Officer
• Michael J. Moore – General Counsel and Corporate Secretary

The board of directors provides governance oversight with an emphasis on capital discipline, risk management, and alignment with shareholder interests, reflecting the company’s focus on long-term value creation.