Riley Permian Names Bobby Saadati to Board of Directors

Rhea-AI Summary

Riley Permian (NYSE American: REPX) named Bobby Saadati as an independent director, effective February 4, 2026. Saadati joins with senior oil & gas executive experience including CEO of IKAV Energy USA since May 2020, prior board roles at Aera Energy and California Resources, and leadership roles at Devon Energy, Jefferies, and BP.

Company leadership said his M&A, operations and strategic experience will support long-term shareholder value and strengthen the board.

Positive

• Board appointment effective Feb 4, 2026
• CEO experience at IKAV Energy USA since May 2020
• Proven experience overseeing acquisitions, producing assets, and gas processing plants

Negative

• None.

News Market Reaction

+1.72%

1 alert

+1.72% News Effect

On the day this news was published, REPX gained 1.72%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

OKLAHOMA CITY, Feb. 6, 2026 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today announced that Bobby Saadati has been named as an independent member of its board of directors, effective February 4, 2026.

Bobby Saadati is a senior executive within the oil and gas industry, with a background spanning energy investing, operations, mergers and acquisitions, and corporate strategy. His executive experience includes overseeing numerous acquisitions and strategic transactions, as well as managing an extensive portfolio of producing assets and gas processing plants.

Saadati has served as CEO of IKAV Energy USA since May 2020, leading the firm's North American platform. Previously, he served as Chairman of the board at Aera Energy and as a member of the board of directors of California Resources Corporation (CRC). He held prior leadership roles at Devon Energy,  Jefferies and BP.

Saadati holds a B.A. in political science from the University of California, San Diego, a J.D. from Trinity Law School, and an M.B.A. from the University of Chicago.

"We are very pleased to welcome Bobby Saadati to our board of directors," said Riley Permian's Chairman and CEO, Bobby Riley. "Mr. Saadati brings a very successful and diverse track record. His expertise and operational leadership will add value and strengthen our existing board of directors. Bobby's insight and strategic guidance will add to our work to create and enhance long-term shareholder value."

About Riley Exploration Permian, Inc.

Riley Permian is a growth-oriented upstream oil and gas company operating in Texas and New Mexico with infrastructure projects that complement our operations. For more information, please visit www.rileypermian.com.

Investor Contact:
405-438-0126
IR@rileypermian.com

View original content:https://www.prnewswire.com/news-releases/riley-permian-names-bobby-saadati-to-board-of-directors-302681693.html

SOURCE Riley Exploration Permian, Inc.

FAQ

Who is Bobby Saadati and why did Riley Permian (REPX) add him to the board?

He is a senior oil and gas executive with M&A and operational expertise. According to the company, his background as CEO of IKAV Energy USA and prior board roles aim to strengthen strategic oversight and shareholder value.

When does Bobby Saadati’s board role at Riley Permian (REPX) become effective?

His appointment is effective February 4, 2026. According to the company, the effective date formalizes his position as an independent director and enables immediate participation in board activities.

What relevant experience does Bobby Saadati bring to Riley Permian (REPX)?

He brings M&A, operations, and asset-management experience in oil and gas. According to the company, he has led acquisitions, managed producing assets and gas processing plants, and held leadership roles at Devon, Jefferies and BP.

How long has Bobby Saadati served as CEO of IKAV Energy USA prior to joining Riley Permian (REPX)?

He has served as CEO of IKAV Energy USA since May 2020. According to the company, this multi-year CEO role demonstrates his executive leadership in North American energy operations and strategy.

Will Bobby Saadati’s appointment to Riley Permian (REPX) change the company’s strategic direction?

The company expects his strategic guidance to strengthen the board and support long-term shareholder value. According to the company, his M&A and operational background will contribute to ongoing strategic decisions.