Riley Permian Announces Closing of New Mexico Acquisition
OKLAHOMA CITY, April 4, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") today announced that it completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC (the "New Mexico Acquisition").
Consideration for the New Mexico Acquisition was
At the time of the acquisition, the Company also completed an amendment to its revolving credit facility to increase the borrowing base by
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.
Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com
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SOURCE Riley Exploration Permian, Inc.