REPX - Riley Exploration Permian: Investing In Infrastructure To Boost Returns From Non-Oil Production
2025-02-11 18:00:31 ET
Summary
- Riley's credit facility maturity was extended by more than two years, and it received a $25 million borrowing base increase.
- Riley expects to spend $130 million over the next two years on midstream infrastructure.
- These investments should help Riley's realized price for natural gas and NGLs, which were both slightly negative during the first three quarters of 2024.
- Riley's free cash flow may be lower in 2025 due to its non-D&C investments, but this helps its longer-term outlook.
Riley Exploration Permian, Inc. ( REPX ) successfully extended its credit facility maturity, moving it out by over two and a half years. It is also continuing to invest in projects that should help the returns from its non-oil production....
Riley Exploration Permian: Investing In Infrastructure To Boost Returns From Non-Oil Production