Between January 20 and January 22, Bluescape Riley Exploration Holdings LLC executed the sale of 165,484 common shares in Riley Exploration Permian, Inc. (NASDAQ: REPX), a company in which it owns a 10% interest. This selling activity yielded gross proceeds near $4.49 million, with the shares traded at prices fluctuating between $27.5609 and $27.7393 per share over this period.
On the initial day of sales, January 20, Bluescape divested 16,548 shares at an average price of $27.711, culminating in a total of $458,575. The trades were conducted over several transactions with prices oscillating from $27.55 up to $27.88. The subsequent day, January 21, marked the bulk of the sales when 122,795 shares were sold at a weighted mean price of $27.7393, aggregating to $3,405,088 in value. These transactions included prices ranging from $27.55 to $28.305 within multiple exchanges. The final tranche occurred on January 22, with 22,771 shares sold, averaging $27.5609 per share, totaling $627,675, wherein share prices varied narrowly from $27.55 to $27.56 across various transactions.
Post these sales, Bluescape Riley Exploration Holdings maintains a direct ownership stake of 3,922,699 shares in Riley Exploration Permian, Inc. The reported beneficial owners extend to include Bluescape Energy Recapitalization & Restructuring Fund III LP, Bluescape Energy Partners III GP LLC, Bluescape Resources GP Holdings LLC, Bluescape Resources Co LLC, and individual Wilder C John, collectively recognized as beneficial stakeholders of these securities.
In related corporate developments, Riley Exploration Permian has declared a quarterly dividend of $0.40 per share, payable on February 5, 2026, to shareholders recorded as of January 22, 2026. Additionally, the company has successfully divested its midstream assets located in Eddy County, New Mexico, to Targa Northern Delaware LLC, receiving $111 million in upfront cash consideration along with contingent payments tied to volume performance over a subsequent five-year period.
This divestment is anticipated to contribute significantly to Riley Exploration Permian's deleveraging efforts. Supporting this outlook, Texas Capital Securities has reaffirmed a Buy rating on the company’s stock with a $63 price target. Further complementing its capital allocation strategy, Riley has initiated a $100 million stock repurchase program to be carried out within 24 months through a variety of transaction methods, aiming to bolster shareholder value.
Through these recent financial initiatives, Riley Exploration Permian demonstrates a strategic focus on fortifying its financial foundation amidst challenging conditions in the oil market sector.