Bluescape Energy Recapitalization & Restructuring Fund III LP - identified as a ten percent owner of Riley Exploration Permian, Inc. (NASDAQ: REPX) - disposed of 150,800 shares of Riley Exploration common stock in three separate transactions between January 28 and January 30, 2026, for aggregate proceeds of about $4.2 million.
The transactions occurred as follows:
- On January 28, 57,012 shares were sold at a weighted average price of $27.7336; individual executions ranged from $27.55 to $28.20.
- On January 29, 90,000 shares were sold at an average price of $28.3091, with execution prices between $28.08 and $28.72.
- On January 30, 3,388 shares were sold at an average price of $28.1046, with prices in the $28.05 to $28.35 range.
Following these dispositions, Bluescape Riley Exploration Holdings LLC directly holds 3,682,356 shares of Riley Exploration Permian, Inc. common stock.
Ownership filings related to the transactions were signed on behalf of the various Bluescape entities by C. John Wilder, Jr., Executive Chairman of Bluescape Resources, and Jonathan Siegler.
In related corporate developments, Riley Exploration Permian finalized the sale of its midstream assets located in Eddy County, New Mexico, to Targa Northern Delaware LLC for approximately $111 million in cash. The agreement provides for potential additional consideration that is contingent on volume performance over a five-year period.
Following the transaction announcement, Texas Capital Securities reiterated a Buy rating on Riley Exploration and maintained a $63.00 price target for the company.
Riley Exploration’s Board of Directors also authorized a share repurchase program totaling up to $100 million to be executed over a 24-month period. The authorization allows the company to repurchase shares through various market transactions.
Additionally, the company declared a quarterly cash dividend of $0.40 per share. The dividend is scheduled to be paid on February 5, 2026, to shareholders of record as of January 22, 2026.
Taken together, the insider sales by the Bluescape entity and Riley Exploration’s recent asset sale, capital-return actions, and dividend declaration represent a cluster of financing and shareholder-return moves affecting the company’s equity and midstream operations. The midstream asset sale included a contingent earn-out tied to future volumes, while the repurchase program provides a mechanism for the company to allocate up to $100 million toward buying its common stock over the next two years.