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 25.95…
Corporate Strategy and Execution Consistently grew total production organically every year since Grow organically through inception, with 20% cumulative annual growth rate since 2019(1) development of our existing assets Forecasting…
Track Record of Consistent Growth and Shareholder Returns Total Net Production(1) Adjusted EBITDAX(2) Dividends per Share(1) MBoe/d MM /Sh 10.2 8.6 Oil, MBbls/d 7.1 6.2 141 1.24 1.01 3.5 8.4 90 0.90 6.4 68 5.4 5.6 63…
Applying Modern Development Techniques to a Premier Asset Legacy Regional Riley Permians Development Modern Development The San Andres is a proven, conventional Within this premier geologic setting, Riley reservoir that has been…
Summary Proved Reserves (Internal Estimates of 6/30/22(1)) Developed vs Developed vs Commodity Volume Mix Undeveloped Volume Mix Undeveloped PV-10(2) Mix 78 MMBoe 78 MMBoe 1.1 Bn 18% 27% 41% 807MM 18% 64% 59% PDP PV-10(2)…
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…
Strategic Rationale for EOR Riley Permians existing production decline Analogous fields have improved is materially lower than that of shale; EOR ultimate recovery by 1.5-3x with has the potential to lower it further secondary and…
Committed to ESG Engagement Responsibly producing some of the worlds most demanded natural resources ENVIRONMENTAL SOCIAL GOVERNANCE Energy transition viewed as an opportunity for U.S.-based workforce, with zero offshoring of…
Investment Highlights: Inflation Hedge, Yield-Oriented Growth Story Multi-year track record of organic Premier, oil-based, conventional Proven and aligned growth in production, cash flow asset with low decline rates that management…
Updates for the Quarter Ending 6/30/22 [ insert footnotes here ] 12
Recent Performance and New Guidance Completed Quarter New Forward Guidance (3 Months Ending 6/30/22) For the 3- Month For the 12-Month Prior Guidance Actual Period Ending Period Ending Disclosed Performance 9/30/22 9/30/22 Avg.…
Managing External Pressures in Todays Operating Environment Company utilizes third-party service Increased activity levels drives operational companies for its drilling and completions efficiencies activity Inflation Longer-term…
Quarterly Hedging 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 potential upside exposure and…
Appendix [ insert footnotes here ] 16
Hedging Positions as of August 8, 2022 2022 2023 2024 Calendar Quarters 3Q 4Q 1Q 2Q 3Q 4Q 1Q CRUDE OIL Fixed Swap - Volume, Bbls/Qtr 270,000 270,000 225,000 195,000 150,000 150,000 - Weighted Average Price, /Bbl 56.03 56.03 53.65…
Oil, Natural Gas and NGL Reserves The Company prepared estimates of reserves using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended June 30, 2022 of 85.82 per Bbl…
Oil, Natural Gas and NGL Reserves (Contd.) Estimates of reserves were prepared using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended September 30, 2021 of 57.64…
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 loss on discontinued operations, non-cash (gain) loss on derivatives, transaction costs and other, income tax expense related to…
Non-GAAP Reconciliations (Contd.) Adjusted EBITDAX We define Adjusted EBITDAX as net income (loss) adjusted for loss on discontinued operations, exploration costs, depletion, depreciation, amortization and accretion, equity-based…
Non-GAAP Reconciliations (Contd.) Cash G&A, Cash Costs and Cash Margin per Boe Three Months Ended Nine Months Ended June 30, Cash G&A is defined as general and administrative expense, excluding June 30, 2022 March 31, 2022 June 30, 2021…
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…
Non-GAAP Reconciliations (Contd.) PV-10: PV-10 is derived from the standardized measure of discounted future net cash flows (Standardized Measure), which is the most directly comparable financial measure under GAAP. PV-10 is a computation…
Additional Information Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 irrileypermian.com 26
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