Riley Exploration Permian, Q3 2026 Earnings Call Transcript

Riley Permian’s third-quarter production rose sharply as earlier development spending translated into new volumes and Red Lake recovered from midstream constraints. The company expects another year of meaningful growth, currently forecasting 30%–40% year-over-year increases in oil and total production in 2027, based on plans to operate two rigs. New water and gas infrastructure is enabling a faster development pace, while completing New Mexico’s drilled-but-uncompleted wells should begin boosting production late in 2026 and into early 2027. Riley also plans to test horizontal development in the San Andres formation at Red Lake, with six wells in 2027 and roughly 90 potential locations on existing acreage; results will determine how the opportunity develops. Management says investment pace can be adjusted to commodity prices, with the goal of funding development from cash flow while maintaining balance-sheet strength.