Riley Exploration Permian, Inc. has successfully acquired Silverback Exploration II, LLC, significantly expanding its oil and gas assets in Eddy County, New Mexico. This strategic move strengthens Riley Permian's position as a growth-oriented independent energy company.
Riley Exploration Permian, Inc. announced today the successful completion of its previously unveiled acquisition of Silverback Exploration II, LLC. The transaction, finalized on July 1, 2025, significantly expands Riley Permian's portfolio with the addition of oil and gas assets strategically located in Eddy County, New Mexico.
This acquisition marks a pivotal moment for Riley Permian, reinforcing its commitment to growth and enhancing its operational presence in one of North America's most prolific energy basins, the Permian. The newly acquired assets from Silverback Exploration II are expected to seamlessly integrate into Riley Permian's existing operations, offering immediate value and contributing to the company's production capabilities.
Eddy County, New Mexico, is a key sub-basin within the Permian, known for its rich hydrocarbon reserves and established infrastructure. The acquisition provides Riley Permian with access to additional acreage and potential drilling locations, further solidifying its long-term development strategy. This move aligns with the company's stated objective of acquiring, exploring, developing, and producing oil, natural gas, and natural gas liquids in highly prospective regions.
The acquisition is anticipated to yield several benefits for Riley Permian, including increased operational scale, potential for economies of scale, and enhanced drilling inventory. The company's focus on efficient development and responsible operations will be applied to the newly acquired assets, ensuring sustainable growth and environmental stewardship.
Riley Permian, headquartered in Oklahoma City, Oklahoma, is an independent oil and natural gas company with a strong track record of successful exploration and development. The company's strategic focus on the Permian Basin, coupled with its expertise in optimizing asset performance, positions it for continued success in the dynamic energy landscape. Investors and stakeholders can anticipate further updates on the integration of these assets and their impact on Riley Permian's future performance. The company continues to evaluate opportunities to expand its footprint and deliver long-term value through organic growth and strategic acquisitions.
