secwatch.observer — SEC 8-K summary
======================================

Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001001614-25-000034
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000034/0001001614-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000034/repx-20250701.htm
  HTML page:      https://secwatch.observer/filing/0001001614-25-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer