Riley Permian Closes $330 Million Acquisition of Cibolo’s New Mexico Assets
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Riley Exploration Permian has completed its acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, an affiliate of Cibolo Energy Partners.
Consideration for the New Mexico Acquisition was $330 million before customary purchase price adjustments. In conjunction with the closing, the company issued $200 million in new, senior unsecured notes and funded the balance of consideration with borrowings from the company’s existing revolving credit facility.
About Riley Exploration Permian
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids.
To stop by Riley’s website, CLICK HERE
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