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 Net Acres 58K We focus on modern horizontal drilling and completions…
Conventional Asset Base Compares Favorably to Shale (1) Riley Permians focus is on horizontal well development of conventional hydrocarbon formations on the Northwest Shelf Higher porosity and of the Permian Basin Rock Properties…
Track Record of Growth Total Net Production CFFO(1) Shareholders Equity MBoe/d MM MM 18.6 206 422 169 333 11.5 238 9.2 89 2021 2022 2023 2021 2022 2023 2021 2022 2023 (1) Cash Flows from Operations before the…
Expanding Inventory Options with Bolt-On Acquisition Closed the previously announced acquisition in Eddy County, New Riley Permian Acreage Mexico on May 7th, 2024 Bolt-On Acquisition Chavez Assets are directly contiguous with the…
2024 Forecasted FCF Sensitivity Based on Oil Price (1) (2) Excess cash flow for Credit Facility paydown and opportunistic investments Annual paydown on Sr. Notes (20MM per year) (3) Dividend (current level of 0.36 per share per…
FCF Conversion and Allocation (1) Reinvestment of CFFO(2) & Conversion to FCF(1) Allocation of FCF(1) Moderating reinvestment rate, while maintaining volume Increasing FCF(1) allows for debt reduction and contributions growth,…
Summary Hedging Program and Potential Impact (1) 2Q24 4Q24 Implied Oil Price Realizations at Various WTI Prices(2) Hedged 57% of 2Q24 - 4Q24 forecasted oil production 2Q24 - 4Q24s mix of hedges includes 52% fixed price swaps / 48%…
Appendix [ insert footnotes here ] 10
2024 Plan Guidance: Growing While Reducing Spending Reaffirming 2024 target of 10% Y/Y oil volume growth & 10% reduction in full-year 2024 capex Activity, Production, and Investing Guidance Quarterly Detail for Estimated Realizations…
Equity Ownership and Research Analyst Coverage Equity Ownership Research Analyst Coverage 5% Holders and Insiders as of (1) 5/3/24 Shares (MM) Ownership % Firm Analyst Yorktown Energy Partners(2) 4.7 22% Bluescape Energy Partners 4.5…
Debt Summary 51% of principal value of debt at 3/31/24 was fixed rate debt SOFR swaps in place for 80MM per quarter of notional value for 2Q24 - 1Q26, corresponding to 46% of principal value of floating-rate debt at 3/31/24(1)…
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 15
Loading...
