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
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Mexico Pacific Appoints New CEO Bairstow
2024-04-15 - Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.
Mitsubishi Makes Investment in MidOcean Energy LNG
2024-04-02 - MidOcean said Mitsubishi’s investment will help push a competitive long-term LNG growth platform for the company.