Riley Exploration Permian Completes Strategic Acquisition
Riley Exploration Permian, Inc. (NYSE American: REPX) has successfully finalized its acquisition of Silverback Exploration II, LLC. This pivotal move marks a significant expansion in Riley's portfolio, adding new oil and gas assets to its operations.
Acquisition Details and Significance
The acquisition, which was finalized on a recent date, brings in valuable assets located in New Mexico, bolstering Riley's presence in the oil and gas sector. By acquiring Silverback Exploration, the company aims to enhance its exploration and production capabilities, positioning itself as a more competitive player in the market.
About Riley Exploration Permian
Riley Exploration Permian, Inc. focuses on growth in the independent oil and natural gas sector. The company emphasizes the acquisition, exploration, and production of oil, natural gas, and natural gas liquids. Riley has established a reputation for its commitment to sustainable practices and innovative exploration techniques.
Company Mission
At the heart of Riley Exploration's operation is a mission dedicated to developing energy resources responsibly. The company prioritizes ethical practices while ensuring the highest safety standards across its operations. This approach is aimed at minimizing environmental impacts while delivering substantial value to its stakeholders.
Current Market Position and Future Outlook
As the energy sector evolves, Riley Exploration Permian continues to adapt to changing market conditions. With the acquisition of Silverback Exploration, the company is strategically positioned to capitalize on new opportunities. The expanded asset base enhances Riley's ability to meet growing energy demands and respond to market fluctuations effectively.
Investor Relations
Riley Exploration Permian welcomes investor inquiries as it embarks on this new chapter. The company remains transparent, providing updates regarding strategies and performance. Investors can stay informed about developments by visiting Riley’s official website and utilizing the contact information provided for direct inquiries.
Contact Information
The investor relations team is available to share insights regarding the company’s operations and future plans. Notably, Rick D'Angelo leads these efforts at Riley Exploration and can be reached through the company's designated contact channels.
Frequently Asked Questions
What is the latest acquisition by Riley Exploration Permian?
Riley Exploration Permian has recently completed the acquisition of Silverback Exploration II, LLC to enhance its asset portfolio.
Where are the new assets located?
The acquired assets are primarily located in New Mexico, contributing to the company’s growth strategy in that region.
What markets does Riley Exploration Permian operate in?
Riley Exploration Permian operates in the oil and natural gas markets, focusing on acquisition, exploration, and production.
Who can I contact for more information about the company?
For inquiries, Rick D'Angelo can be contacted directly as part of Riley's investor relations team.
What is the company’s mission?
Riley Exploration is committed to developing energy resources responsibly while maintaining high safety standards and enhancing shareholder value.
