SCHEDULE: Bluescape Group Maintains 14.3% Stake in Riley Exploration

Bluescape Energy Partners and affiliated entities reaffirm their beneficial ownership of 14.3% of Riley Exploration Permian, Inc. common stock.

Summary

• Bluescape Riley Exploration Holdings LLC and its affiliates, including C. John Wilder, Jr., collectively beneficially own 3,133,178 shares of Riley Exploration Permian, Inc. Common Stock.
• This represents approximately 14.3% of the Issuer's total outstanding Common Stock, based on 21,968,906 shares outstanding as of October 31, 2025.
• The filing is Amendment No. 8 to the original Schedule 13D filed on March 8, 2021, and updates previous amendments.
• Bluescape Riley Holdings is the direct holder of the shares, with Bluescape Energy Recapitalization & Restructuring Fund III LP owning 90.06% of its membership interests.
• C. John Wilder, Jr. serves as Executive Chairman of Bluescape Resources and has the power to direct its affairs, ultimately controlling the investment group.
• All transactions by the Reporting Persons in the past sixty days were carried out in open market transactions, with details provided in Exhibit 99.1 (not included in this document).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive update. The continued significant ownership by Bluescape Energy Partners suggests ongoing confidence in Riley Exploration Permian, Inc., but the filing itself is a routine disclosure without new strategic or financial information.

Positives

• The continued significant stake by Bluescape Energy Partners indicates a sustained belief in the long-term value of Riley Exploration Permian, Inc.

Negatives

• The filing does not disclose any specific negative events or changes in the reporting persons' investment thesis.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the Issuer's operations or financial performance, as it is primarily an ownership disclosure.

Management Comments

• The filing does not contain notable quotes or paraphrased statements from company management of Riley Exploration Permian, Inc. It includes signatures from Jonathan Siegler (Managing Director and CFO of Bluescape entities) and C. John Wilder, Jr. (Executive Chairman of Bluescape Resources).

Industry Context

StockSavvy.ai notes that significant ownership stakes by investment firms like Bluescape Energy Partners in exploration and production companies such as Riley Exploration Permian, Inc. are common in the energy sector. These firms often seek to influence strategic direction or realize value through active engagement, reflecting broader trends of institutional investor activism or long-term strategic positioning in the oil and gas industry.

Comparison to Industry Standards

• The filing does not provide specific operational or financial results for comparison. However, a 14.3% stake is a substantial minority position, often indicative of an influential shareholder. For instance, activist investors like Carl Icahn or Starboard Value frequently take similar or larger stakes in target companies (e.g., Icahn's stake in Southwest Gas or Starboard's in Salesforce) to drive strategic changes or improve shareholder value. This level of ownership by Bluescape suggests a similar potential for active engagement, aligning with practices seen in other energy sector investments by private equity or activist funds.

Legal Proceedings

• None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
• None of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Stakeholder Impact

• Shareholders: The continued significant stake by Bluescape Energy Partners could be seen as a vote of confidence, potentially stabilizing or supporting the stock price. It also signals the presence of an influential shareholder group.
• Management: The Bluescape group, through C. John Wilder, Jr., has the potential to influence strategic decisions given their substantial ownership, which could impact management's autonomy.

Key Dates

Recommendation

This Schedule 13D Amendment No. 8 primarily serves as a routine disclosure of continued beneficial ownership by Bluescape Energy Partners and its affiliates in Riley Exploration Permian, Inc. The 14.3% stake is substantial and indicates ongoing institutional confidence, but the filing itself does not present new information that would fundamentally alter the investment thesis or warrant a change in recommendation. Investors should 'hold' their position, awaiting further operational or financial updates from Riley Exploration Permian, Inc. or significant changes in the Bluescape group's stake.

Keywords

Riley Exploration Permian, Bluescape Energy Partners, Schedule 13D, Beneficial Ownership, Oil and Gas, Energy Investment, Common Stock, Shareholder Stake, C. John Wilder Jr.