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November 2022 Company Presentation – Riley Exploration Permian Inc.

Riley Exploration Permian Inc. · Nov 30, 2022 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 1
    Company Overview November 2022
  2. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 2
    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…
  3. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 3
    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…
  4. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 4
    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…
  5. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 5
    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,…
  6. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 6
    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…
  7. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 7
    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…
  8. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 8
    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…
  9. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 9
    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…
  10. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 10
    Appendix [ insert footnotes here ] 11
  11. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 11
    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…
  12. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 12
    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…
  13. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 13
    Hedging Positions as of 11/8/22 2022 2023 2024 4Q 1Q 2Q 3Q 4Q 1Q CRUDE OIL Fixed Swap - Volume, Bbls/Qtr 270,000 225,000 195,000 150,000 150,000 - Weighted Average Price, /Bbl 56.03 53.65 53.89 52.58 52.58 Collars - Volume,…
  14. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 14
    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,…
  15. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 15
    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…
  16. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 16
    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…
  17. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 17
    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…
  18. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 18
    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…
  19. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 19
    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…
  20. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 20
    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…
  21. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 21
    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…
  22. November 2022 Company Presentation – Riley Exploration Permian Inc. – slide 22
    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

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