By Elias Schisgall
Riley Exploration Permian's board of directors authorized a new $100 million stock buyback program.
The two-year share repurchase program is another way for the oil and gas company to return value to shareholders in addition to its quarterly dividends, Chief Executive Officer Bobby Riley said Tuesday.
"With the closing of Riley Permian's previously-announced midstream sale, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns," Riley said.
The company said it will try to maintain sufficient liquidity to fund its capital development program while repurchasing shares.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
December 16, 2025 17:15 ET (22:15 GMT)
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