---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-25-000034"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:33:48.681983+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riley Permian closes $142M acquisition of Silverback assets in New Mexico's Permian Basin

## Summary
- 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.

## SEC filing metadata
- accession: 0001001614-25-000034
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000034/0001001614-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000034/repx-20250701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-25-000034
- JSON: https://secwatch.observer/filing/0001001614-25-000034.json
- Plain text: https://secwatch.observer/filing/0001001614-25-000034.txt

## Source-grounded claims
- claim_id: ae871212404a32dd8b641a9ba314d8f96fab1033
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000034/0001001614-25-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.