Corporate 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 RILEY PERMIAN NYSE: REPX Share Price1 25.63…
Corporate Strategy Steadily grow cash flow Identify attractive new from operations through opportunities for capital Distribute excess returns development of our investment, including to stockholders in the existing assets and…
Premier, Oil-Based, Conventional Asset Riley Permians focus is on development of horizontal San Andres production on the Northwest Shelf of the Permian Basin The San Andres is a proven, conventional reservoir that has been producing…
Low Decline Rates Enable Capital Efficiency Lower Decline Rate in Wells Enables Distributed Allocation Allowing for Growth, Dividend Relative to Shale of Capital Use Payments and Excess Cash Flow Comparison of Initial Decline Rates…
Multi-Year Track Record of Execution Across Oil Price Cycles Total Net Production and Adj. EBITDAX1 Oil Price2 100 10 Adj. EBITDAX (Right Axis) 100 90 Production (Left Axis) 75 77 76 76 Total Equivalent Production, MBoe/d 8…
Organic Proved Reserve Growth is Far Outpacing Production 2017 2018 2019 2020 2021 18-21 YTD Track Record: Data shown as net and in MMBOE 7x reserve additions vs. production Ending Reserves Additions 5x 21 ending reserves vs.…
Excelling on Full-Cycle Cash Conversion Efficiency Lower Capital Cost to Add Higher Cash Margin1 Higher Cash Conversion Metric3 Proved Developed Reserves2 Cash Margin Divided by Cost to Add /Boe /Boe Proved Developed Reserves 14…
Revised Hedging Strategy with Improving Realized Price Profile Riley Permian will utilize commodity price hedges to manage fixed cost exposure and to comply with bank covenant requirements(1), while maintaining unhedged production for…
Identifying Attractive New Opportunities for Investment Our business produces one of the most highly demanded and valuable commodities in the world, which society uses across many fundamental aspects of everyday life. Concurrently, we…
Potential Upside through EOR and CCUS Initiatives Geographic and geologic rationale for both Enhanced Oil Recovery (EOR) and Carbon Capture, Utilization and Sequestration (CCUS): (i) the most concentrated area of CO2 infrastructure in…
12 Consecutive Quarters of Returning Cash to Our Shareholders 1.24 The payment of a regular 1.01 quarterly dividend has long been 0.90 a priority for Riley Permian, dating back to its predecessor entity as a private company.…
Committed to ESG Engagement ENVIRONMENTAL SOCIAL GOVERNANCE Energy transition viewed as an opportunity for Hiring employees from diverse backgrounds Prioritizing long-term corporate sustainability engagement and new ventures…
Investment Highlights Proven and aligned management Premier, oil-based, conventional Multi-year track record of team with substantial expertise asset with low decline rates that organic growth in production, across disciplines and…
Fiscal First Quarter 2022 Updates [ insert footnotes here ] 16
Forward Guidance Quarter Only Full-Year FQ2 22 FY22 Unchanged from New This Quarter Prior Non-EOR Capex (Accrual Method) 20 - 24MM 65 - 71MM EOR Capex (Accrual Method) 6 - 8MM 20 - 24MM Total Capex (Accrual Method) 26 - 32MM…
Forecasted Production and Capital Budget Forecasted PDP and Growth Production Midpoint FY22 Capital Budget 12 PDP Maintenance Non-EOR Growth +11-15% 9 -21% Net MBoe/D Base 6 Decline 3 0 Oct-21 Dec-21 Feb-22…
Update on Rileys EOR Pilot Project Completed Regulatory permits Permits Drilling / casing of all six vertical injection wells, Completed including logging and geoscience interpretation In Process or Upcoming Kinder Morgan agreements…
Non-GAAP Reconciliations The Company presents certain non-GAAP financial measures to supplement its financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP). The non-GAAP…
Non-GAAP Reconciliations (Contd.) Adjusted Net Income We define Adjusted Net Income as net income (loss) plus (income) loss on discontinued operations, unrealized (gain) loss on derivative contracts, transaction costs, income tax expense…
Non-GAAP Reconciliations (Contd.) Adjusted EBITDAX We define Adjusted EBITDAX as net income (loss) adjusted for loss (income) on discontinued operations, exploration expense, depletion, depreciation, amortization and accretion,…
Non-GAAP Reconciliations (Contd.) Cash G&A, Cash Costs and Cash Margin Cash G&A is defined as general and administrative expense less share- based and unit-based compensation and contract servicesrelated parties revenue plus cost of…
Non-GAAP Reconciliations (Contd.) Free Cash Flow Free Cash Flow is a measure that we use as an indicator of our ability to fund our development activities and generate excess cash for other corporate purposes. We define Free Cash Flow as…
Additional Information Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 irrileypermian.com 27
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