Riley Exploration Permian, Inc. is an independent oil and natural gas company focused on acquiring, developing, and producing hydrocarbons (oil, natural gas, and natural gas liquids) primarily in the Permian Basin. Its operations emphasize horizontal drilling of conventional, oil-saturated and liquids-rich formations, aiming for long-lived cash flows from its acreage.
Its core acreage is located in Yoakum County, Texas (the “Champions” field) and Eddy County, New Mexico (the “Red Lake” field), both on the Northwest Shelf of the Permian Basin. The company focuses on contiguous blocks in these areas, where it applies its technical and operational capabilities to develop its holdings.
Beyond pure upstream development, Riley has been expanding into related infrastructure. It has activity in midstream and power, and has formed joint ventures (for example with Conduit Power) to integrate power generation using its gas output. The company also pursues acquisitions to bolster its Permian footprint, such as its recent New Mexico acquisition.