Riley Exploration Permian, Inc. (REPX): M&A transaction — Riley Permian closes $142M acquisition of Silverback assets in New Mexico's Permian Basin

Riley Exploration Permian, Inc.

Closed on July 1, 2025 acquisition of Silverback Exploration II, LLC for ~$142M plus quarterly earnout up to $1.875M in 2026-2027 based on WTI prices.
Assets located in Eddy County, New Mexico within the Yeso trend of the Permian Basin.
Purchase funded by borrowings under revolving credit facility and cash on hand.
Earnout triggers at WTI $70-$75+ per barrel quarterly average.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Riley Exploration Permian, Inc. completed an acquisition involving Silverback Legacy, LLC and Silverback Blocker, LLC for approximately $142 million, subject to customary purchase price adjustments, plus quarterly earnout payments of up to $1,875,000 per fiscal quarter during calen (closed 2025-07-01).

Action: acquisition
Counterparty: Silverback Legacy, LLC and Silverback Blocker, LLC
Consideration: approximately $142 million, subject to customary purchase price adjustments, plus quarterly earnout payments of up to $1,875,000 per fiscal quarter during calen
Closing: 2025-07-01

Exact text from the filing

agreement (the “Purchase Agreement”) dated May 3, 2025 with Silverback Legacy, LLC and Silverback Blocker, LLC, which provided for an aggregate purchase price of approximately $142 million, subject to customary purchase price adjustments, plus quarterly earnout payments of up to $1,875,000 per fiscal quarter during calendar years 2026 and 2027 if the NYMEX WTI

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Riley Exploration Permian, Inc. filing history →

Source: SEC EDGAR

accession 0001001614-25-000034

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