Permian oil producer focused on the San Andres/Northwest Shelf in Texas & New Mexico, with a differentiated behind-the-meter natural-gas power generation and data-center venture (Riley Permian Power).
Dividend-paying small-cap with moderate leverage; growth via bolt-on acreage (Eagle Ford entry 2024) and power monetization. Flags: small float, single-basin oil concentration.
Its EV/EBITDA of 4.3x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 10.4% is higher than the 6.5% median, and at $6.73/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Riley Exploration Permian scores 67/100, strongest on valuation (78/100). Sub-scores: value 78, quality 72, growth 76, risk 58 (higher = riskier).
Riley Exploration Permian holds approximately 0.15 billion boe of proved (1P) reserves with FY2025 production of about 29 thousand boe/d (76% liquids), a reserve life of roughly 13.8 years. Break-even: ~$45 (WTI FCF breakeven) — Low-decline San Andres oil plus a fixed dividend covered in the mid-$40s WTI.
Using Riley Exploration Permian's SEC-disclosed after-tax standardized measure of proved reserves ($1.1bn) less net debt ($0.2bn) gives an equity-NAV floor of about $0.9bn — the current market capitalisation sits -12% versus that floor. Disclosed pre-tax PV-10: —. This is a floor: proved reserves only, excluding undeveloped inventory, downstream and other business lines. excludes power/data-center venture value
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| United States | 100% | 23 | Stable, deep; federal-lands leasing and permitting policy swings. |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| San Andres (NW Shelf) | United States | Oil | Core Yoakum/Gaines Co. play |
| Champions/Red Lake | United States | Oil | Legacy Permian acreage |
| Eagle Ford entry | United States | Oil | 2024 acquisition |
| Behind-the-meter power JV | United States | Power | Gas-to-power / data centers |
| Waterflood/EOR | United States | Oil | Secondary recovery |
| Midstream/gas gathering | United States | Infrastructure | Owned gathering |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 13 | 17 | 21 | 24 | 29 |
| Proved reserves (bnboe) | 0.07 | 0.09 | 0.11 | 0.12 | 0.15 |
| Revenue ($bn) | 0.2 | 0.4 | 0.4 | 0.4 | 0.4 |
| EBITDA ($bn) | 0.1 | 0.3 | 0.3 | 0.3 | 0.2 |
| Net income ($bn) | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
| Free cash flow ($bn) | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
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✓ FY2025 figures verified against primary sources:
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