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Riley Exploration Permian Inc. - REPX STOCK NEWS

Welcome to our dedicated page for Riley Exploration Permian news (Ticker: REPX), a resource for investors and traders seeking the latest updates and insights on Riley Exploration Permian stock.

Company Overview

Riley Exploration Permian Inc. (REPX) is an independent oil and natural gas company that specializes in the exploration, acquisition, development, and production of hydrocarbon resources. With a primary focus on high-growth energy exploration opportunities in the Permian Basin, the firm leverages advanced technical expertise and sophisticated evaluation techniques to identify and develop valuable assets. The Company is renowned for its expertise in horizontal drilling, particularly in formations such as the San Andres, which underscores its commitment to operational excellence and field development efficiency.

Operational Excellence and Technical Expertise

At the core of Riley Exploration Permian's success is its robust technical foundation and operational experience. The Company applies state-of-the-art horizontal drilling methods and well completion techniques to maximize recovery of oil and natural gas from its properties. By utilizing cutting-edge evaluation processes and embracing innovative drilling practices, Riley Permian maintains a competitive edge in a challenging and dynamic industry. This technical emphasis enables the organization to manage complex reservoirs effectively, thereby optimizing production and extending asset life.

Strategic Operations and Geographic Focus

Riley Exploration Permian has established a strong operational presence in key regions that include, but are not limited to, proprietary assets in Kansas, Tennessee, and expansive positions throughout the Permian Basin. The extensive portfolio not only provides geographical diversification but also allows the Company to optimize production strategies across different asset types. The firm’s emphasis on horizontally drilling in geologically favorable zones is a testament to its strategic approach to asset development, delivering robust production profiles while maintaining procedural and operational rigor.

Acquisitions and Capital Efficient Development

The Company is recognized for its disciplined approach to acquisitions and capital allocation. By targeting high-quality acreage with significant development potential, Riley Permian enhances its resource base and operational flexibility without overextending its capital resources. This approach includes the prudent use of proceeds from asset sales and public offerings to fund strategic acquisitions, facilitate debt repayment, and finance ongoing capital expenditures that reinforce the strength of its development pipeline.

Integration of Joint Ventures and Midstream Initiatives

In addition to its traditional exploration and production activities, Riley Exploration Permian actively pursues strategic partnerships and joint ventures that enhance its operational footprint. A notable example is its collaboration to form a joint venture focused on building power generation and storage assets. This initiative not only leverages the Company’s produced natural gas but also diversifies its revenue mix by integrating midstream and upstream operations. Such diversified efforts contribute to a more resilient business model while highlighting the Company’s commitment to operational innovation and enhanced asset utilization.

Market Position and Competitive Advantages

Riley Exploration Permian is strategically positioned within the oil and gas sector due to its specialized focus on the Permian Basin and its advanced drilling technologies. The Company’s methodological approach to identifying and developing resource-rich formations distinguishes it from its peers. Its competitive advantages are further underscored by a culture of technical rigor and operational discipline, ensuring that it can generate production efficiencies and maintain robust asset performance in an increasingly competitive market environment.

Commitment to Expertise and Transparency

With a strong emphasis on transparency and technical proficiency, Riley Exploration Permian continuously provides detailed insights into its development strategies and operational performance. Investors and market analysts benefit from the Company’s comprehensive approach to asset management, which is built on years of industry experience and a deep understanding of geological assessments and drilling dynamics. This commitment to operational clarity and consistent communication reinforces the Company’s reputation as a knowledgeable and reliable player in the energy sector.

Conclusion

In summary, Riley Exploration Permian Inc. stands as a sophisticated and knowledgeable independent oil and gas company. Its focus on strategic asset development through advanced horizontal drilling, geographical diversification, and integrated joint ventures positions it well within the competitive landscape. The Company’s technical expertise, coupled with its capital-efficient development strategies, underscores its ability to navigate the complexities of energy production while delivering reliable operational performance.

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Riley Exploration Permian, Inc. (REPX) declares a cash dividend of $0.36 per share, payable on May 9, 2024, to stockholders of record as of April 25, 2024. The company will release its first-quarter financial and operating results on May 8, 2024, followed by a conference call on May 9, 2024, for investors and analysts.
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Riley Exploration Permian, Inc. (REPX) management team to participate in a fireside chat with Water Tower Research to discuss business strategy and growth plans.
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Riley Exploration Permian, Inc. (REPX) announced the pricing of its underwritten public offering of 2,100,000 shares of common stock at $27.00 per share. The Offering includes shares from the Company and Selling Stockholders, with an option for additional shares. The expected closing date is provided.
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Riley Exploration Permian, Inc. (REPX) has initiated a public offering of 2,100,000 shares of common stock, with 700,000 shares from the company and 1,400,000 shares from certain stockholders. The underwriters may have an option to purchase an additional 315,000 shares. The proceeds will be used for various corporate purposes, including acquisitions and debt repayment.
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Riley Exploration Permian, Inc. (REPX) reports strong financial and operating results for Q4 and FY 2023. Highlights include increased production, operating cash flow, Free Cash Flow, and reduced debt. The company achieved significant growth in oil production and total production. 2024 guidance projects further growth in production and reduction in capital expenditures.
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Riley Exploration Permian, Inc. (REPX) is set to announce its financial and operating results for Q4 and full year 2023 on March 6, 2024. The company will host a conference call on March 7, 2024, to discuss the results and conduct a Q&A session.
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Riley Exploration Permian, Inc. (REPX) has approved a cash dividend of $0.36 per share for its common stock, payable on February 8, 2024, to stockholders of record as of January 25, 2024. The company also reduced its outstanding debt by $30 million in the fourth quarter of 2023, with a remaining principal balance of $185 million on its senior unsecured notes and outstanding borrowings of $185 million under its credit facility as of December 31, 2023.
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Riley Exploration Permian, Inc. (NYSE American: REPX) reported Q3 2023 financial and operating results, including $53 million operating cash flow, 14.0 MBbls/d oil production, and a 6% dividend raise. The company also reduced debt by $10 million and experienced disruptions in production due to third-party infrastructure issues.
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Riley Exploration Permian to release Q3 financial and operating results on November 7, 2023.
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Riley Exploration Permian announces cash dividend on common stock
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FAQ

What is the current stock price of Riley Exploration Permian (REPX)?

The current stock price of Riley Exploration Permian (REPX) is $24.47 as of April 4, 2025.

What is the market cap of Riley Exploration Permian (REPX)?

The market cap of Riley Exploration Permian (REPX) is approximately 558.7M.

What is the core business of Riley Exploration Permian Inc.?

Riley Exploration Permian focuses on the exploration, acquisition, development, and production of oil and natural gas, with a particular expertise in horizontal drilling within the Permian Basin.

Which geographic regions does the Company operate in?

The Company primarily operates in the Permian Basin and holds significant assets in regions such as Kansas and Tennessee, which support its strategic asset development and production efforts.

How does Riley Exploration Permian incorporate technology into its operations?

The Company employs advanced horizontal drilling techniques and state-of-the-art evaluation methods to optimize recovery and extend the productive life of its assets, thereby maintaining strong operational efficiency.

What role do acquisitions play in the Company’s strategy?

Acquisitions are central to the Company's growth strategy, enabling the expansion of its asset base and ensuring access to high-quality acreage, all while maintaining capital efficiency and supporting operational development.

How does the Company differentiate itself from competitors?

Riley Exploration Permian differentiates itself through its deep technical expertise, rigorous operational discipline, and strategic focus on horizontal drilling in key geological formations, which together deliver robust production results.

What is the significance of the Company’s joint venture initiatives?

Joint venture initiatives, such as its collaboration in developing power generation and storage assets, help diversify the Company's revenue streams and integrate midstream capabilities, enhancing overall operational resilience.
Riley Exploration Permian Inc.

NYSE:REPX

REPX Rankings

REPX Stock Data

558.71M
12.75M
27.24%
65.76%
1.22%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States
OKLAHOMA CITY