Riley Exploration Permian: Investing In Infrastructure To Boost Returns From Non-Oil Production
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Riley Exploration Permian is investing $130 million in midstream infrastructure over the next two years to improve returns from non-oil production. The company extended its credit facility maturity by over two years and increased its borrowing base by $25 million.
February 11, 2025 | 11:15 pm
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Riley Exploration Permian is investing $130 million in midstream infrastructure to enhance returns from non-oil production. The company extended its credit facility maturity and increased its borrowing base by $25 million.
The investment in midstream infrastructure is likely to improve Riley's realized prices for natural gas and NGLs, which were negative. The extension of the credit facility and increased borrowing base provide financial stability, supporting the investment plan.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100