(Source: Shutterstock.com)
E&P Riley Exploration Permian Inc.’s board of directors approved a $0.36 per share cash dividend on the company’s common stock, the company announced Jan. 16.
The dividend, the company's 20th consecutive distribution, will be payable on Feb. 8 to stockholders of record as of the close of business on Jan. 25.
The Permian Basin E&P also announced it had reduced the principal value of its outstanding debt by $30 million during fourth quarter 2023 with available cash on hand. As of Dec. 31, 2023, the company had a principal balance of $815 million on senior unsecured notes, outstanding borrowings of $185 million under its credit facility and $190 million of undrawn capacity.
Recommended Reading
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Oilfield Services Firm Flowco Files IPO Paperwork
2024-12-09 - Oilfield services provider Flowco filed paperwork for an IPO, one of several energy-focused players seeking to test the public markets.
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.