Oklahoma City-based Riley Exploration Permian said last week it expects to produce 35,000-to-37,000 boed in 2026, including 21,000-to-22,000 barrels of oil per day. That compares to 29,200 boed and 17,300 b/d of oil in fullyear 2025 and 35,500 boed and 20,100 b/d of oil in fourth quarter.
Capital expenditures for 2025 before acquisitions were $120 million, including $83 million for upstream. Forecast for capex for 2026 is $190 million to $210 million.
Bobby Riley, chairman and CEO, said March 4, “2025 was a transformational year for Riley Permian as we made significant progress across key strategic initiatives, including inventory expansion, infrastructure buildout and balance sheet improvement. The groundwork laid in 2025 positions the company for a more active and value-enhancing development program in 2026 and beyond.”
In its assets in Texas and New Mexico in 2025, Riley drilled 18 wells, completed 18.3 wells and turned to sales 16.3 wells.