Yorktown Energy Partners Files SC 13D/A for Riley Exploration Permian

TL;DR

Yorktown Energy Partners updated their stake in Riley Exploration Permian, Inc. on 4/10/24.

AI Summary

Yorktown Energy Partners IX, L.P., along with related entities, filed an amendment to their Schedule 13D on April 10, 2024, concerning their holdings in Riley Exploration Permian, Inc. The filing indicates a change in the beneficial ownership of securities, though specific details on the nature of the change or the exact number of shares involved are not provided in this excerpt. The entities involved are part of a group that has previously disclosed significant stakes in the company.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Riley Exploration Permian, Inc., which could impact its stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant stake-building, which may lead to volatility.

Key Players & Entities

• Yorktown Energy Partners IX, L.P. (company) — Filer of SC 13D/A
• Riley Exploration Permian, Inc. (company) — Subject Company
• Yorktown Energy Partners VIII, L.P. (company) — Group Member
• Yorktown Energy Partners X, L.P. (company) — Group Member
• Riley Exploration Group, LLC (company) — Filer

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
• $25.515 — Group, LLC April 8, 2024 Disposition $25.515 200,000 Yorktown Energy Partners VIII

Filing Documents

• ef20026709_sc13da.htm (SC 13D/A) — 355KB
• 0001140361-24-019169.txt ( ) — 357KB

is hereby amended and restated as follows

Item 5 is hereby amended and restated as follows: The information below is based on 21,415,032 shares of Common Stock of the Issuer issued and outstanding as of April 8, 2024. (a) Yorktown VIII, Yorktown VIII Co, and Yorktown VIII Associates beneficially own 575,254 shares of Common Stock of the Issuer, representing 2.7% of the outstanding Common Stock of the Issuer. REXG beneficially owns 1,965,219 shares of Common Stock of the Issuer, representing 9.2% of the outstanding Common Stock of the Issuer. Each of Yorktown IX, Yorktown IX Co and Yorktown IX Associates beneficially owns an aggregate of 2,255,201 shares of Common Stock of the Issuer, representing 10.53% of the outstanding Common Stock of the Issuer. Yorktown X, Yorktown X Co, and Yorktown X Associates beneficially own 2,646,061 shares of Common Stock of the Issuer, representing 12.35% of the outstanding Common Stock of the Issuer. Each Reporting Person disclaims beneficial ownership of the reported Common Stock except to the extent of such Reporting Person's pecuniary interest therein, and this statement shall not be deemed an admission that such Reporting Person is the beneficial owner of the reported Common Stock for the purposes of Section 13(d) of the Exchange Act or any other purpose. (b) REXG directly owns 1,965,219 shares of Common Stock of the Issuer. Yorktown X directly owns 390,860 shares of Common Stock of the Issuer. Yorktown IX and Yorktown X (collectively, " Yorktown ") collectively own a majority interest in REXG. Pursuant to the terms of the Amended and Restated Limited Liability Agreement of REXG (" REXG LLC Agreement "), Yorktown has the ability to elect a majority of the Board of Managers of REXG. Because Yorktown IX Associates is the sole general partner of Yorktown IX Co, the sole general partner of Yorktown IX, it may be deemed to beneficially own shares of the Issuer based on its relationship with Yorktown IX. Yorktown IX, Yorktown IX Co and Yorktown IX Associates disclaim bene

View Full Filing

View this SC 13D/A filing on SEC EDGAR