Riley Exploration Permian Completes Merger with Tengasco, Inc.
February 26, 2021
Riley Exploration – Permian, LLC has completed a merger with Tengasco, Inc.; the combined company will trade as Riley Exploration Permian, Inc. (REPX) following a 1-for-12 reverse stock split. The transaction relocates the corporate office to Oklahoma City, installs Riley management (Bobby D. Riley as CEO) and a newly constituted board, and positions the combined company to grow reserves and production in the Permian Basin.
- Buyers
- Riley Exploration – Permian, LLC
- Targets
- Tengasco, Inc.
- Industry
- Energy
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
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