Riley Exploration Permian, Inc. is an independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. The company primarily operates in the Permian Basin, specifically targeting the conventional, oil-weighted San Andres Formation on the Northwest Shelf in Texas and New Mexico. Its acreage is largely concentrated in contiguous blocks across Yoakum County, Texas, and Eddy, Lea, Roosevelt, and Chaves Counties in New Mexico. Riley Permian utilizes horizontal drilling and enhanced oil recovery (EOR) techniques, including water and CO2 injection, to maximize production and reserves. The company aims to generate stable free cash flow to support a sustainable dividend and fund its capital expenditure programs.
