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Last Trade
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Last Trade:
$22.98
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Change:
0.185 (0.81%)
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Trade Time:
10:19 AM EST
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Market Cap:
$448.92M
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Description of Business
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Unless otherwise noted or the context otherwise requires, the disclosures in
this Item 1 and Item 2 refer to Riley Exploration Permian, Inc. and its
consolidated subsidiaries following the consummation of the Merger.
Overview
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 NGLs in Texas and New Mexico. Our activities primarily target
the horizontal development of the San Andres formation, a shelf margin deposit
on the Northwest Shelf of the Permian Basin. The majority of our acreage is
located on large, contiguous blocks in Yoakum County, Texas. We were formed as a
Delaware limited liability company, REP LLC, in 2016, and in 2021 consummated
the Merger with Tengasco, as a result of which Riley Permian, a Delaware
corporation, is now the parent company of REP LLC.
Major Developments in Fiscal Year 2021
Merger with Tengasco.
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