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About

Riley Exploration Permian, Inc. (NYSE American: REPX) is headquartered in Oklahoma City and is focused on capital efficiency and the steady growth of its reserves, production and cash flow through the acquisition, exploration, development and production of reserves primarily within the Permian Basin that strategically fit our corporate objectives of:

  • favorable reservoir and geological characteristics primarily for oil development
  • that offer large contiguous acreage positions with significant untapped potential in terms of ultimate recoverable reserves and
  • with a high degree of operational control, which allows REPX to execute its development plan based on projected well performance and commodity price forecasts in order to attempt to grow cash flow and generate significant equity returns from REPX’s capital program

REPX believes these characteristics enhance its horizontal production capabilities, recoveries and commercial outcomes, which enables REPX to meet its objective to maximize shareholder returns by generating stable free cash flow through steady oil-weighted production growth and industry-leading operating margins. Free cash flow will be allocated towards capital return to shareholders in the form of a quarterly cash dividend and/or capital spend to maximize production growth.

REPX’s acreage is primarily located on large, contiguous blocks in Yoakum County, Texas and Lea, Roosevelt, and Chaves Counties, New Mexico. REPX’s assets offset legacy Permian Basin San Andres fields, to include the Wasson and Brahaney Fields, which have produced more than 2.1 billion barrels of oil equivalent and 108.0 million barrels of oil equivalent, respectively, from the San Andres Formation since development in the area began in the 1930’s and 1940’s.

Mission Statement

By balancing a pioneering spirit with our technical expertise and a high degree of operational control, we are intent on exploring opportunities that show favorable geological characteristics with significant potential in terms of acreage and ultimate recoverable reserves, resulting in high returns on investment and shareholder value.