#United States #Oklahoma City #New Mexico #Riley Exploration #Silverback Exploration

Riley Permian Completes Acquisition of Silverback Exploration

Riley Exploration Permian, Inc. (NYSE American: REPX) has officially completed its acquisition of Silverback Exploration II, LLC, a move that further solidifies its presence in the oil and gas industry. The completion date for this significant acquisition was set on July 1, 2025.

Enhancing Asset Portfolio

The acquisition of Silverback Exploration II, which owns valuable oil and gas assets located in Eddy County, New Mexico, is part of Riley's strategy to expand its operational footprint in key resource-rich areas. Eddy County is known for its prolific production capabilities within the Permian Basin, making it an attractive target for energy companies seeking to enhance their capabilities and production volumes.

This strategic move comes after several months of negotiations and planning, reflecting Riley’s commitment to acquiring quality assets that will drive growth and profitability in the long run. The new assets are expected to complement Riley’s existing resource base, provide opportunities for further exploration, and boost overall production metrics.

About Riley Exploration Permian

Riley Exploration Permian is positioned as a growth-oriented, independent company in the oil and natural gas sector. Focused on acquisition, exploration, development, and production, the company is dedicated to maximizing shareholder value while ensuring sustainable practices in its operations. The management team, led by Rick D’Angelo, emphasizes strategic investments and efficient resource management to cater to the energy demands of the future.

In a statement, the company expressed excitement about the potential benefits that the acquisition of Silverback Exploration brings. The additional assets are expected to enhance their operational capabilities and provide a solid foundation for future expansion initiatives.

Investors and stakeholders are keenly observing how this acquisition will impact the company's performance in upcoming quarters. Analysts project that with the new assets, Riley could see an increase in production and revenue streams, bolstering its competitive position in the oil and gas industry.

This acquisition reiterates Riley's vision of becoming a prominent player in the energy sector, capitalizing on the thriving Permian Basin, which continues to attract major investments from various companies due to its robust economic returns.

As the energy market evolves and adapts to new technologies and regulatory challenges, Riley Exploration Permian is taking bold steps to ensure that it remains at the forefront of innovation and productivity. The company encourages interested parties to visit their website at www.rileypermian.com for more details about their operations and future plans.

As the industry watches closely, changes like these underscore the ongoing shifts within the energy sector, where strategic acquisitions are becoming increasingly crucial for growth and sustainability. Riley Exploration's latest purchase showcases a proactive approach to solidifying its assets and ensuring future success amidst a highly competitive market.