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.
Riley Exploration Permian, Inc. (REPX) generates frequent news and disclosures related to its role as a growth-oriented, independent oil and natural gas company focused on the Permian Basin. News coverage on this page centers on the company’s acquisition, exploration, development and production activities across oil, natural gas and natural gas liquids, with particular attention to horizontal drilling programs in conventional, oil-saturated and liquids-rich formations.
Investors following REPX news will find regular quarterly earnings releases that detail production volumes, oil and gas sales, operating cash flow, capital expenditures and non-GAAP metrics such as Adjusted EBITDAX, Total Free Cash Flow and Upstream Free Cash Flow. These updates also describe drilling and completion activity in Texas and New Mexico, well counts drilled, completed and turned to sales, and the mix of oil and liquids in the company’s production profile.
Another key news theme is corporate transactions. Riley Exploration Permian issues announcements on acquisitions, such as the purchase of Silverback Exploration II, LLC and its subsidiaries, which own oil and natural gas assets located primarily in the Yeso trend of the Permian Basin in Eddy County, New Mexico. News items also cover the development and monetization of midstream infrastructure, including the sale of Dovetail Midstream, LLC and related compressor station assets to Targa Northern Delaware LLC, as well as updates on the company’s New Mexico midstream project and associated gathering and compression facilities.
Capital return and balance sheet news is also prominent. The company regularly announces quarterly cash dividends on its common stock and has disclosed increases to its dividend level. In addition, Riley Exploration Permian has reported that its Board of Directors authorized a share repurchase program for up to a specified amount of its outstanding common stock over a defined period. Updates on RPC Power LLC, the company’s power-focused joint venture that serves field power needs and develops generation capacity for sale into ERCOT, further illustrate how infrastructure and power initiatives feature in REPX news.
By tracking this news feed, readers can review historical announcements on production trends, asset acquisitions, midstream and power projects, dividends, share repurchases and other material events that shape Riley Exploration Permian’s upstream oil and gas business.
Riley Exploration Permian has priced its public offering of 1,666,667 shares of common stock at $30.00 per share, aiming to raise approximately $50 million before expenses. A 30-day option allows underwriters to purchase an additional 250,000 shares. The offering will close on July 2, 2021. The company plans to allocate $25 million of the proceeds to enhance its oil recovery pilot program in Yoakum County, Texas, with the remainder directed towards general corporate purposes like debt refinancing and capital expenditures.
Riley Exploration Permian, Inc. (NYSE American: REPX) has initiated an underwritten public offering of common stock, with a 30-day option for underwriters to purchase an additional 15% of shares. The company plans to allocate approximately $25 million from the offering proceeds to its enhanced oil recovery (EOR) pilot program in Yoakum County, Texas, focusing on utilizing anthropogenic CO2. Remaining funds will support general corporate purposes, including debt repayment and capital expenditures.
Riley Exploration Permian (REPX) reported second-quarter results for fiscal 2021, highlighting a revenue increase despite challenges from severe storms. Total equivalent sales volumes rose to 8.3 MBoe/day, an 11% year-over-year increase. The company generated $38.1 million in Cash Flow from Operations but posted a Net Loss of $48.5 million. Adjusted Net Income was $8.6 million. Capital expenditures were reduced by 49% to $17.1 million. A dividend of $0.28 per share was announced, reinforcing its commitment to shareholder returns. The EOR pilot program has commenced, aimed at enhancing oil recovery while utilizing CO2.
Riley Exploration Permian, Inc. (NYSE American: REPX) will announce its fiscal second quarter 2021 financial results on May 11, 2021, post-market. A conference call for investors is set for May 12, 2021, at 9:00 a.m. CT, allowing discussion on the results and a Q&A session. Interested participants can join via provided toll-free numbers. An updated company presentation will be available on their website ahead of the call, and a replay will be accessible until May 26, 2021. Riley Permian focuses on growing reserves, production, and cash flow in the Permian Basin.
Riley Exploration Permian, Inc. (REPX) announced its fiscal Q1 2021 operational and financial results, highlighting a production increase of 7% to 7,588 net Boe/d and an Adjusted EBITDAX of $19.7 million. The board declared a quarterly cash dividend of $0.28 per share, record date April 16, 2021, with payment expected on May 7, 2021. Additionally, the company reduced debt by $3.5 million to $97.5 million as of December 31, 2020. The recent merger with Tengasco, completed on February 26, 2021, marks a significant milestone.
Tengasco and Riley Exploration – Permian announced a merger with a 1-for-12 reverse stock split effective March 1, 2021. Following the merger on February 26, Tengasco will rebrand to Riley Exploration Permian, Inc., and trade under the new symbol 'REPX'. The reverse split will consolidate shares, maintaining their par value at $0.001. A majority of stockholders approved the split, which will not change ownership percentages, except for fractional shares compensated with whole shares. Continental Stock Transfer & Trust Company will manage the exchange.