Riley Exploration Permian enters 15-year gas purchase agreement and approves $130M midstream buildout

Riley Exploration Permian, Inc.

Entered a 15-year gas purchase agreement with a leading third-party midstream service provider for its New Mexico Assets in the Yeso trend.
Company will construct gathering lines, compression, and a 20-inch pipeline designed to handle up to 150 MMcf per day of natural gas.
Board approved approximately $130 million in capital expenditures for initial midstream projects; first compressor station expected in Q1 2025.
Pipeline completion and acreage dedication anticipated before end of 2026, with in-service date around Q3 2026.
Company may pursue additional revenue streams by leveraging midstream infrastructure to aggregate third-party volumes.

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