REPX
- Riley Exploration Permian, Inc.
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Overview
Company Summary
Riley Exploration Permian, Inc. (REPX) is an oil and gas exploration and production company that focuses on operations in the Permian Basin, located primarily in West Texas and Southeastern New Mexico. The company is primarily engaged in the acquisition, development, production, and exploration of oil and natural gas reserves in this region.
REPX's main activity involves identifying and acquiring oil and gas properties with significant potential for production. Once these properties are acquired, the company applies advanced drilling and production technology to extract oil and natural gas resources from underground reservoirs. Through a combination of vertical, horizontal, and directional drilling techniques, they maximize resource recovery and optimize production efficiency.
In addition to exploiting existing assets, Riley Exploration Permian also actively explores new areas within the Permian Basin for potential reserves. The company utilizes cutting-edge geophysical and geological techniques to identify and evaluate prospects, assess their viability, and make informed decisions regarding further exploration or development.
REPX primarily focuses on crude oil and natural gas liquids (NGL) production but also maintains operations associated with natural gas. The extracted hydrocarbons are then sold to various customers, including refiners, marketers, and other energy companies.
As a publicly-traded company, Riley Exploration Permian aims to generate value for its shareholders through efficient and profitable operations. They continuously evaluate their asset portfolio, optimize production techniques, and seek opportunities for expansion and growth to enhance their financial performance.