Corporate and Strategic 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 Core business operations focus…
Track Record of Consistent Growth and Shareholder Returns Total Net Production(1) Adjusted EBITDAX(2) Dividends per Share(1) MBoe/d MM /Sh 13.0 12.7 12.0 11.0 10.0 9.2 9.0 Oil, MBbls/d 8.0 7.2 7.0 6.6 174 1.36 6.0 5.0…
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 9/30/22(1)) Developed vs Developed vs Commodity Volume Mix Undeveloped Volume Mix Undeveloped PV-10(2) Mix 82 MMBoe 82 MMBoe 874 MM 711MM PDP PV-10, based on 78 WTI in 2022,…
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 Pursuing CCUS activities to capture and Providing low-cost, reliable and secure Prioritizing…
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…
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Capitalization Summary Market Capitalization Equity Ownership Credit Facility 5% Holders and Insiders Shares 250 NYSE: REPX as of 11/8/221 (MM) Ownership % RILEY PERMIAN 225MM Borrowing Base Share Price (11/8/22) 32.19 Yorktown…
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…
Oil, Natural Gas and NGL Reserves as of 9/30/22 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 September 30,…
Oil, Natural Gas and NGL Reserves as of 12/31/21 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 December 31, 2021 of…
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 (gain) loss on discontinued operations, non-cash (gain) loss on derivatives, transaction costs and other, income tax expense…
Non-GAAP Reconciliations (Contd.) Adjusted EBITDAX We define Adjusted EBITDAX as net income (loss) adjusted for (gain) 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 Cash G&A is defined as general and administrative expense, excluding September 30, September 30, September 30, September…
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 23