Riley Exploration Permian Files 8-K with Financials

TL;DR

Riley Exploration Permian dropped its 8-K with year-end financials. Check it out.

AI Summary

Riley Exploration Permian, Inc. filed an 8-K on January 6, 2025, reporting financial statements and exhibits as of December 31, 2024. The filing includes information about the company's principal executive offices in Oklahoma City, Oklahoma, and its fiscal year end of December 31.

Why It Matters

This filing provides investors with updated financial information and exhibits for Riley Exploration Permian, Inc., crucial for assessing the company's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any unusual risks or events.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• Riley Exploration Permian, Inc. (company) — Registrant
• 0001001614-25-000002 (filing_id) — Accession Number
• 20250106 (date) — Filing Date
• 20241231 (date) — Period of Report
• Oklahoma City, Oklahoma (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share REPX NYSE American Indicate
• $130 million — approved an aggregate of approximately $130 million in capital expenditures to complete the

Filing Documents

• repx-20241231.htm (8-K) — 34KB
• 0001001614-25-000002.txt ( ) — 161KB
• repx-20241231.xsd (EX-101.SCH) — 2KB
• repx-20241231_lab.xml (EX-101.LAB) — 22KB
• repx-20241231_pre.xml (EX-101.PRE) — 13KB
• repx-20241231_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Gas Purchase Agreement and Midstream Buildout for New Mexico Assets Riley Exploration – Permian, LLC ("REP, LLC"), a wholly-owned subsidiary of Riley Exploration Permian, Inc. ("REPX" together with REP, LLC, hereinafter referred to as the "Company"), entered into a 15-year gas purchase agreement, dated December 31, 2024, with a leading third-party midstream service provider (the "Midstream Counterparty"). Under this gas purchase agreement, the Midstream Counterparty is obligated to process, treat and purchase from the Company, and the Company is obligated to sell to the Midstream Counterparty, all of the committed gas and natural gas liquids conforming to certain quality specifications produced from the dedicated acreage. The gas purchase agreement contains the following terms and conditions: (i) an acreage dedication for a significant portion of the Company's oil and gas assets in the Yeso trend of the Permian Basin (the "New Mexico Assets") commencing on the in-service date which we currently anticipate will be on or before the end of the third quarter in 2026, (ii) customary representations, warranties and agreements by the Company, (iii) customary indemnification obligations of the Company and the Midstream Counterparty against certain liabilities, (iv) reimbursement by the Company of construction costs incurred by the Midstream Counterparty to connect to the Company's pipeline, subject to a monetary cap, and (v) an initial 15-year term from the in-service date followed by a year-to-year continuation until terminated by either party upon 180 days written notice. To interconnect to the receipt points for processing and treating by the Midstream Counterparty per the gas purchase agreement, the Company intends to construct, own and operate low and high-pressure gathering lines and compression facilities that will connect to its new high capacity 20-inch natural gas pipeline to be constructed by the Company and designed to handle ga

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RILEY EXPLORATION PERMIAN, INC. Date: January 6, 2025 By: /s/ Bobby Riley Bobby Riley Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR