Corporate Overview and Strategy Riley Permian is a growth-oriented, oil and natural gas Select Company Metrics company with operations focused in Texas and New Mexico We focus on modern horizontal drilling and completions applied Net…
Oil-Based, Conventional Asset Base Riley Permians focus is on horizontal well development of conventional hydrocarbon formations on the Northwest Shelf of the Permian Basin Yoakum 44K net acres owned across Texas and New Mexico…
Riley Permians Assets Compare Favorably to Shale(1) Well Cost 5-Yr Cumulative Rock Properties Well Depth per Completed Oil Production Lateral Length per 1K ft Lateral Higher 50-60% 20-40% porosity and Comparable shallower less…
Track Record of Growth 2018 2022 2023 19.9 Growth over the past 5+ years 2023 growth driven by a was driven nearly entirely by combination of organic organic development development and a sizable acquisition of New Mexico…
Executing on Our 2023 Plan in the Second Half of the Year Moderating Reducing Increasing Reducing Cash Production Capital Free Cash G&A(1) per Boe Volume Expenditures(2) Flow(1) Planned decrease in 3Q/4Q23 volume Planned decrease…
Capital Allocation Priorities RETURN CAPITAL TO MAINTAIN & GROW DELEVER SHAREHOLDERS Reinvest to maintain and grow Strengthen balance sheet to optimize Provide sustainable and growing Objectives cash flow from operations and capital…
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Equity Ownership and Research Analyst Coverage Equity Ownership Research Analyst Coverage 5% Holders and Insiders as of 10/31/23(1) Shares (MM) Ownership % (2) Yorktown Energy Partners 5.51 27.0% Firm Analyst Access Bluescape Energy…
Debt Summary Principal Amount Borrowing Base at Facility Outstanding at Annual Interest Rate Amortization Final Maturity 9/30/23 9/30/23 Term SOFR + None; Company intends Sr. Secured 210MM 325MM 2.85% 3.85%; most to periodically…
Managing Business Risks Amid Volatility OIL PRICE PROCUREMENT CAPITAL INTEREST RATES Capital budget materially impacted Ensuring long-term access to capital 3Q23 interest expense of 10MM 96% of 3Q23 revenue related by industry supply…
Hedging Positions as of 11/2/23 2023 2024 2025 Calendar Quarters 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q CRUDE OIL 63% of 4Q 2023 forecasted oil production is Fixed Swap - Volume, Bbls/Qtr 437,000 195,000 225,000 225,000 225,000 45,000 285,000 -…
Additional Information Company 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 405-415-8699 www.rileypermian.com Investor Relations Rick DAngelo 405-438-0126 irrileypermian.com 14
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