Riley Exploration Permian, Inc. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 06, 2024 at 05:00 pm
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Riley Exploration Permian, Inc. reported production results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported averaged 19.9 MBoe/d of total equivalent production (oil production of 13.6 MBbls/d).
For the year, the company reported averaged 18.6 MBoe/d of total equivalent production (oil production of 13.2 MBbls/d), which included contribution from the New Mexico Acquisition properties for three of four quarters in 2023.
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.
RILEY EXPLORATION PERMIAN, INC. 
