Company Overview

Riley Exploration Permian, Inc. (NYSE: REPX) is an independent oil and natural gas exploration and production company focused primarily on the acquisition, exploration, development, and production of hydrocarbons in the United States. The company operates within the upstream energy sector, with core activities centered on unconventional and conventional resource development in the Permian Basin region. REPX generates the majority of its revenue through the sale of crude oil, natural gas, and natural gas liquids (NGLs), with oil production representing the largest contributor to cash flow based on recent public filings and investor disclosures.

The company’s primary operating focus is the Yeso Trend in the Permian Basin of New Mexico, where it controls a significant acreage position and operates a substantial portion of its wells. REPX positions itself as a technically focused operator emphasizing capital discipline, low-cost development, reserve growth, and operational efficiency. The company traces its origins to Riley Exploration Group, LLC and later became publicly traded through a merger transaction completed in 2021 involving Tengasco, Inc. Since becoming publicly listed, REPX has concentrated on expanding production, optimizing infrastructure, and increasing proved reserves while maintaining a shareholder return strategy that has included dividends.

Business Operations

REPX conducts its operations primarily through its upstream exploration and production business, with activities including drilling, completion, production, reserve development, and field operations. The company’s principal assets are concentrated in the Permian Basin, particularly within the Northwest Shelf and Yeso formation areas. Revenue is generated through hydrocarbon production sales to purchasers, refiners, and midstream counterparties. Public disclosures indicate that the company maintains a relatively concentrated asset base compared with larger diversified E&P peers, which allows management to focus operational expertise and capital allocation on a limited number of core development areas.

The company controls significant operated acreage, associated mineral interests, production infrastructure, and drilling inventory in its operating regions. REPX has also invested in water handling, infrastructure optimization, and field-level operational efficiencies intended to support long-term development economics. Its operations are primarily domestic, with no material international producing operations identified in recent SEC filings or annual reports. The company has historically utilized industry service providers and midstream relationships to support drilling, transportation, processing, and marketing activities, while retaining operational control over a large portion of its producing wells.

Strategic Position & Investments

REPX’s strategic direction has emphasized disciplined growth, reserve expansion, free cash flow generation, and shareholder returns. Management has consistently highlighted development of the Yeso Trend as a central long-term growth initiative due to its stacked pay potential and repeatable drilling inventory. The company has pursued selective acquisitions and acreage consolidation opportunities aimed at increasing operational scale and improving drilling economics within its existing footprint rather than pursuing broad geographic diversification.

Recent public disclosures and investor materials indicate continued investment in horizontal drilling programs, production optimization, and infrastructure development designed to improve margins and reduce operating costs. REPX has also emphasized maintaining a conservative balance sheet relative to many independent E&P peers. While the company is primarily focused on conventional oil and gas development rather than renewable energy or emerging clean technology sectors, it has incorporated operational efficiency initiatives and modern drilling/completion technologies intended to enhance recovery rates and capital productivity. Data regarding large-scale international investments or diversified portfolio holdings remains inconclusive based on available public sources.

Geographic Footprint

REPX’s operational footprint is concentrated almost entirely within the United States, with core producing assets located in New Mexico and portions of the broader Permian Basin region. The company is headquartered in Oklahoma City, Oklahoma, while field operations are primarily centered in the Northwest Shelf of the Permian Basin. Its acreage and production activities are heavily weighted toward onshore U.S. energy markets.

Although REPX participates in commodity markets influenced by global oil and natural gas pricing dynamics, available public disclosures do not identify material direct international production operations or foreign subsidiaries. Its market exposure is therefore primarily domestic, with revenues tied to U.S.-based hydrocarbon production and North American energy infrastructure networks. The company’s regional concentration provides operational focus but also links performance closely to Permian Basin drilling economics and U.S. commodity market conditions.

Leadership & Governance

REPX leadership has emphasized operational discipline, reserve growth, efficient capital allocation, and shareholder returns. The company’s governance structure reflects a traditional independent E&P framework with executive oversight focused on technical operations, financial management, and resource development. Public company governance practices are outlined in its annual reports, proxy filings, and investor materials. The company evolved from privately held Riley Exploration Group operations before transitioning into a publicly traded entity through its corporate merger structure.

Key executives identified in recent public filings include:

• Bobby D. Riley – Chairman of the Board and Chief Executive Officer
• Philip A. Riley – President and Director
• Brien E. Schaff – Chief Financial Officer
• Terry W. McConn – Chief Operating Officer
• Brett M. Harrison – Executive Vice President of Land

Management communications in earnings materials and investor presentations consistently emphasize long-term reserve development, operational efficiency, disciplined leverage management, and returning capital to shareholders through dividends and prudent financial stewardship.