1. Riley Exploration Permian completed acquisition of Silverback Exploration II. 2. Acquired assets are located in Eddy County, New Mexico. 3. Riley Permian focuses on growth in oil and gas production.
The acquisition can increase REPX's asset base and revenue potential, similar to successful past acquisitions in the sector.
This acquisition is significant for REPX's growth trajectory and market position.
The full benefits of the acquisition will manifest in increased production and revenue over time, not immediately.