---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-25-000061"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2025-12-04T23:59:59+00:00"
generated_at: "2026-05-16T14:28:51.506031+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riley Permian sells midstream assets to Targa for $111M cash; up to $60M earnout

## Summary
- Sold Dovetail Midstream (natural gas gathering in Eddy County, NM) for ~$111M cash, subject to adjustments.
- Potential earnout of up to $60M over 5 years based on volume thresholds.
- Proceeds to reduce credit facility borrowings and pay taxes/transaction costs.
- Separate sale of compressor station assets for ~$10M expected to close in Q1 2026.
- CEO Bobby Riley: transaction provides flow assurance, allows focus on upstream assets and recent Silverback acquisition.

## SEC filing metadata
- accession: 0001001614-25-000061
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2025-12-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000061/0001001614-25-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000061/repx-20251203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-25-000061
- JSON: https://secwatch.observer/filing/0001001614-25-000061.json
- Plain text: https://secwatch.observer/filing/0001001614-25-000061.txt

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