SCHEDULE: Bluescape Group Boosts Stake in Riley Exploration to 17.9%

Bluescape Energy Partners and its affiliates have increased their beneficial ownership in Riley Exploration Permian, Inc. to 17.9% of outstanding common stock.

Summary

• Bluescape Riley Exploration Holdings LLC and its affiliated entities (collectively, the "Reporting Persons") beneficially own 3,922,699 shares of Common Stock in Riley Exploration Permian, Inc.
• This ownership represents approximately 17.9% of the total 21,968,906 shares of Common Stock issued and outstanding as of October 31, 2025.
• The beneficial ownership percentage is based on the Issuer's Form 10-Q filed with the SEC on November 5, 2025.
• Bluescape Riley Holdings is the direct holder of the shares, with Bluescape Main Fund owning 90.06% of its membership interests.
• C. John Wilder, Jr. serves as Executive Chairman of Bluescape Resources, which ultimately controls the Bluescape entities, and has the power to direct its affairs.
• All reported transactions by the Reporting Persons in the past sixty days were carried out in open market transactions, as detailed in Exhibit 99.1.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a significant increase in beneficial ownership by an investment group can be interpreted as a vote of confidence in the company's value or future prospects, potentially signaling future strategic involvement.

Positives

• Increased beneficial ownership by an investment group like Bluescape Energy Partners may signal confidence in Riley Exploration Permian, Inc.'s future prospects.
• Significant institutional ownership can sometimes lead to enhanced corporate governance or strategic initiatives aimed at value creation.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain specific forward-looking statements or guidance from the Issuer or the Reporting Persons regarding future operations or financial performance.

Industry Context

The filing indicates continued investment by Bluescape Energy Partners, an entity focused on private oil and gas assets, in Riley Exploration Permian, Inc., an E&P company operating in the Permian Basin. This reflects ongoing investor interest in the energy sector, particularly in established producing regions.

Stakeholder Impact

• Shareholders: The increased stake by Bluescape Energy Partners could influence the company's strategic direction and potentially its stock performance, depending on Bluescape's future actions or influence.
• Management: The significant ownership by an investment group may lead to increased scrutiny or collaboration with the Issuer's management on operational and strategic decisions.

Key Dates

Keywords

Riley Exploration Permian, Bluescape Energy Partners, Schedule 13D, Beneficial Ownership, Common Stock, Oil and Gas, Permian Basin, Institutional Investor, Shareholder Activism