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4Q 2022 Earnings Presentation – Riley Exploration Permian Inc.

Riley Exploration Permian Inc. · Mar 22, 2023 · 11 slides

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Slides

  1. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 1
    4Q22 Results Update March 2023
  2. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 2
    Highlights of 4Q22 Results Production CFFO(1) E&P Capex (Accrual)(2) 10.0 MBbls/d 44MM for 4Q22 27MM RILEYfor 4Q22 PERMIAN 13.3 MBoe/d 169MM for 12 Mos. 123MM for 12 Mos. NYSE: REPX Share Price1 [25.95] 6% oil increase Q/Q 12%…
  3. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 3
    Drivers of Growth in Cash Flow from Operations(1) Q/Q: 3 Months Ending 12/31/22 vs 9/30/22 Y/Y: 12 Months Ending 12/31/22 vs 12/31/21 12% decrease Q/Q due to 13% lower realized oil prices 89% higher Y/Y driven RILEY by volumes and…
  4. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 4
    Reinvesting for Significant Growth While Also Increasing FCF(1) Improving Capital Efficiency: Increased Allocation of Capital Materially Increased FCF(1) More Growth with Less Spending to Dividends + Balance Sheet MM 40% Dividends…
  5. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 5
    Acquisitions and New Ventures EOR Pilot Injecting water and CO2 but still early in the process of repressurizing the reservoir Advancing with partners on the potential development of a large-scale CO2 storage hub in CCUS our immediate…
  6. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 6
    Enhancing Scale with Transformative New Mexico Acquisition Transaction Overview Regional Map Strategic acquisition in the prolific Yeso trend (Eddy County, NM) Purchase price of 330 million with 100% cash consideration To be funded…
  7. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 7
    Forward Guidance Activity and Investing Guidance Production, Realizations and Cost Guidance 2023 2023 2023 1 Q2 3 ( 1) 1 Q2 3 ( 1) Illustrative Reporting Reporting Pro F orm a ( 2) F orecasted C ontribution of N ew M ex ico Asset…
  8. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 8
    Appendix [ insert footnotes here ] 9
  9. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 9
    Capitalization Summary Market Capitalization Equity Ownership Credit Facility 5% Holders and Insiders as of Shares Ownership 250 NYSE: REPX 3/7/231 (MM) % 225MM Borrowing Base Share Price (3/7/23) 33.32 Yorktown Energy Partners2 5.51…
  10. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 10
    Hedging Positions as of 3/3/23 2023 2024 2025 Calendar Quarters 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q CRUDE OIL Fixed Swap - Volume, Bbls/Qtr 225,000 315,000 216,000 189,000 60,000 60,000 60,000 60,000 - Weighted Average Price, /Bbl 53.65…
  11. 4Q 2022 Earnings Presentation – Riley Exploration Permian Inc. – slide 11
    Additional Information Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 irrileypermian.com 12

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