Riley Permian Announces Closing of New Mexico Acquisition

Rhea-AI Summary

Riley Exploration Permian (NYSE American: REPX) has successfully completed its acquisition of Silverback Exploration II, LLC on July 1, 2025. The acquisition includes oil and gas assets strategically located in Eddy County, New Mexico, expanding Riley Permian's operational footprint in the region.

Positive

• Strategic expansion into Eddy County, New Mexico oil and gas assets
• Successfully completed previously announced acquisition

Negative

• None.

News Market Reaction – REPX

+2.33%

+2.33% Session move

In the trading session that priced this news, REPX gained 2.33%, reflecting a moderate positive market reaction.

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OKLAHOMA CITY, July 2, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") completed on July 1, 2025 its previously announced acquisition of Silverback Exploration II, LLC, which owns oil and gas assets located in Eddy County, New Mexico.

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.

FAQ

When did Riley Permian (REPX) complete the Silverback Exploration II acquisition?

Riley Permian completed the acquisition of Silverback Exploration II, LLC on July 1, 2025.

What assets did Riley Permian (REPX) acquire in the Silverback deal?

Riley Permian acquired oil and gas assets located in Eddy County, New Mexico through the Silverback Exploration II acquisition.

Where are the newly acquired Riley Permian (REPX) assets located?

The newly acquired assets are located in Eddy County, New Mexico.

What company did Riley Permian (REPX) acquire in New Mexico?

Riley Permian acquired Silverback Exploration II, LLC, which owned oil and gas assets in Eddy County, New Mexico.