secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001001614-23-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian acquires Yeso trend assets for $330M; $200M notes to fund
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- Purchase price $330M for 11,700 net acres in Eddy County, NM; 7.2 MBoe/d current production (58% oil).
- Deal valued at 3.4x 2023E Adjusted EBITDAX; expected to increase Adjusted EBITDAX ~50% and FCF ~70%.
- Funding via $200M senior unsecured notes (EOC Partners) and credit facility; pro forma leverage ~1.3x.
- Over 100 horizontal drilling locations in Yeso trend (Blinebry, Glorieta, Paddock); 99% HBP.
- Expected close early Q2 2023; effective date Jan 1, 2023; customary conditions apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000004/0001001614-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000004/repx-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001001614-23-000004

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