Riley Exploration Permian, Inc. (REPX) functions as an independent energy company, engaged in the entire process of hydrocarbon extraction—from acquiring properties and ...
Riley Exploration Permian, Inc. (NYSE American: REPX) is an independent energy company headquartered in Oklahoma City, Oklahoma. The company is engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids, primarily in the Permian Basin of West Texas and southeastern New Mexico. Its operations concentrate on the San Andres Formation, a geological shelf margin deposit within the Central Basin Platform and Northwest Shelf. As of September 30, 2021, REPX held approximately 31,352 net acres and operated 77 net producing wells. The company was originally organized in Utah in 1916 and has a long history in the energy sector, with CEO Bobby D. Riley bringing nearly 40 years of industry experience. REPX focuses on horizontal drilling of conventional oil-saturated and liquids-rich reservoirs, aiming for high-growth and efficient operations. Financially, the company has a market cap of about $742 million, a price-to-earnings ratio of 6.1, and a dividend yield of 4.7%. It employs 122 people and emphasizes upstream, midstream, and power activities. The company's strategy includes prudent capital allocation, technological innovation, and operational excellence to maximize shareholder value. With a strong balance sheet and a focus on high-return projects, REPX is positioned for sustainable growth in the energy sector.
