Riley Exploration Permian, Inc. Announces Executive Changes
September 03, 2021 at 04:17 pm
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Effective as of September 1, 2021 (the Separation Date"), Mr. Michael J. Rugen has resigned as a director of Riley Exploration Permian, Inc. Effective as of August 31, 2021, Ms. Amber Bonney was appointed as Chief Accounting Officer of the Company. Ms. Bonney has 24 years of experience in accounting with 15 years in the oil and gas industry. Prior to joining the Company, Ms. Bonney was a principal at ANB Consulting LLC since January 2020, served as Chief Accounting Officer and Vice President of Accounting for Roan Resources, Inc. since 2018, and served as Controller at Permian Resources, LLC starting in 2015. The Board of Directors of the Company appointed Beth A. di Santo to fill the vacancy left on the Board by Mr. Rugen’s departure until the 2021 annual meeting of stockholders or until her successor is duly elected and qualified.
Riley Exploration Permian, Inc., together with its subsidiaries is an independent oil and natural gas company. The Company is focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. The Company focuses on horizontal drilling and completions applied to conventional formations in the Permian Basin. The Permian Basin is an oil and natural gas producing area located in West Texas and the adjoining area of Southeastern New Mexico covering an area approximately 250 miles wide and 300 miles long, and encompasses several sub-basins, including the Delaware Basin, Midland Basin, Central Basin Platform and Northwest Shelf. The San Andres Formation is a shelf margin deposit composed of dolomitized carbonates. Its acreage is primarily located on large contiguous blocks in Yoakum County, Texas, which represents its Champions Field and Eddy County, New Mexico.