Riley's Q1 2026 oil production exceeded its guidance midpoint by 5%. Riley's capex and lease operating expenses also came in better than expected. This resulted in an increase to its full-year production guidance, with only a modest increase in capex due to higher development activity levels.
Riley Exploration Permian (REPX) boasts highly profitable wells. REPX was already paying dividends, growing production, and reducing debt before the recent surge in oil prices. The stock trades at a low P/E ratio of 5, making it exceptionally cheap for a profitable U.S.-based operator.
Riley Exploration Permian REPX and Magnolia Oil & Gas MGY both operate in the U.S. Oil & Gas Exploration & Productionspace, but offer investors two different stories. Riley Exploration Permian is a faster-growing Permian Basin player.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Bobby D. Riley CEO | XDUS Exchange | US76665T1025 ISIN |
| US Country | 103 Employees | 29 Apr 2026 Last Dividend | 1 Mar 2021 Last Split | 28 Dec 1998 IPO Date |
Riley Exploration Permian, Inc. operates as an independent oil and natural gas company with a strategic focus on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. The company's operational footprint is significantly oriented towards the Northwest Shelf and Yeso trend within the prolific Permian Basin, which spans across parts of Texas and New Mexico. With headquarters in Oklahoma City, Oklahoma, Riley Exploration Permian, Inc. maintains its principal acreage on contiguous land blocks primarily situated in Yoakum County, Texas, and Eddy County, New Mexico. This strategic positioning allows the company to efficiently manage its exploration and production activities, capitalizing on the rich hydrocarbon resources in the region.
Riley Exploration Permian, Inc. invests significant resources in the exploration and production of oil. By leveraging advanced technology and innovative exploration techniques, the company is able to pinpoint and extract valuable oil resources. The focus on the Permian Basin, known for its rich oil reserves, allows Riley Exploration to maintain a steady supply of oil products for the market.
Alongside oil, natural gas is a primary focus for Riley Exploration Permian, Inc. The company's exploration activities extend to the discovery and development of natural gas resources. Through strategic exploration and development practices, Riley Exploration Permian, Inc. taps into the vast natural gas deposits of the Permian Basin, contributing to the growing supply of this essential energy source.
The production of natural gas liquids (NGLs) is another critical aspect of Riley Exploration Permian, Inc.'s operations. As a byproduct of natural gas processing and petroleum refining, NGLs such as ethane, propane, and butane hold significant value. The company's focus on the efficient extraction and processing of NGLs ensures the availability of these vital components for various industrial, commercial, and residential applications.