Riley Exploration - Permian, LLC /
Silverback Exploration II, LLC
Riley Permian completes Silverback Exploration acquisition
What happened
Riley Exploration - Permian, LLC completed its acquisition of Silverback Exploration II, LLC on July 1, 2025. The acquired company owns oil and gas assets in Eddy County, New Mexico.
The purchase price was approximately $142 million, subject to customary purchase price adjustments, with potential quarterly earnout payments during 2026 and 2027.
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Riley Permian completes Silverback Exploration acquisition
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