Bobby Saadati Joins Riley Exploration Permian Board of Directors

Riley Exploration Permian, Inc. (NYSE American: REPX), a prominent player in the oil and gas industry, has made a significant addition to its leadership team. Effective February 4, 2026, Bobby Saadati has been appointed as an independent member of the company’s board of directors. This appointment comes at a pivotal time as the company seeks to enhance its strategic direction and operational excellence.

Who is Bobby Saadati?

Bobby Saadati is a seasoned executive in the oil and gas sector, equipped with a wealth of experience that spans various critical areas such as energy investing, operational management, mergers and acquisitions, and corporate strategy. His robust track record includes directing numerous high-profile acquisitions and managing a substantial portfolio of producing assets along with gas processing plants.

Before joining Riley Exploration, Saadati served as the CEO of IKAV Energy USA since May 2020, where he spearheaded the firm’s initiatives across North America. His previous roles include serving as the Chairman of the board at Aera Energy and holding positions on the boards of California Resources Corporation (CRC) and Devon Energy. Additionally, he has experience with notable financial institutions such as Jefferies and BP, enhancing his diverse portfolio of expertise in both operational and strategic dimensions.

Saadati’s academic credentials are equally impressive. He earned a Bachelor of Arts in Political Science from the University of California, San Diego, followed by a Juris Doctor degree from Trinity Law School. He also holds an MBA from the prestigious University of Chicago, underscoring his blend of legal and business acumen.

Strategic Implications of Saadati’s Appointment

The appointment of Saadati has been met with enthusiasm by Riley Permian’s leadership team. Bobby Riley, the Chairman and CEO of the company, expressed that Saadati's varied expertise and leadership experience will be invaluable assets to the board. With the energy sector constantly shifting due to economic and regulatory changes, having a director who understands both the operational intricacies and the broader market dynamics is crucial.

Riley articulated his optimism, stating, “We are very pleased to welcome Bobby Saadati to our board of directors. His successful and diverse track record will add significant value and strengthen our existing board of directors. His insight and strategic guidance will be vital in our efforts to create and enhance long-term shareholder value.”

Looking Ahead

Riley Exploration Permian continues to position itself as a growth-oriented company focusing on upstream oil and gas operations primarily in Texas and New Mexico. The addition of Saadati to the board is a strategic move intended to bolster the company’s infrastructure projects and overall operational capabilities. As the energy landscape evolves, the expertise that Saadati brings may play a key role in steering Riley Permian toward meeting its long-term goals and navigating market volatility.

For more information about Riley Exploration Permian, you can visit their official website at Riley Permian. As the company continues to grow, investors and stakeholders will be keeping a close eye on the developments from the boardroom, particularly regarding how new strategic initiatives are implemented under Saadati's influence.

With a solid board in place, including industry veterans like Saadati, Riley Exploration Permian looks poised to not only adapt but thrive in an industry marked by rapid change and innovation. Investors and market watchers alike remain optimistic about the company’s trajectory as it harnesses the insights of its newly appointed independent director.