SCHEDULE: Riley Exploration Permian Ownership Shifts via Contribution
Beneficial Ownership Amendment
Riley Exploration Group contributed 250,000 shares of Riley Exploration Permian common stock to Combo Resources in exchange for Class B Units.
Summary
- Riley Exploration Group, LLC (REXG) contributed 250,000 shares of Riley Exploration Permian, Inc. (REPX) Common Stock to Combo Resources, LLC.
- In exchange for the REPX shares, REXG received 870,000 Class B Units of membership interest in Combo Resources, LLC.
- As of October 31, 2025, REXG beneficially owns 1,715,219 shares of REPX Common Stock, representing 7.81% of the outstanding shares.
- Yorktown Energy Partners IX, L.P. and its related entities also beneficially own 1,715,219 shares (7.81%) through their shared voting and dispositive power over REXG's holdings.
- Yorktown Energy Partners X, L.P. and its related entities beneficially own 2,106,079 shares (9.59%), which includes 390,860 shares directly held by Yorktown X and shared power over REXG's holdings.
- The beneficial ownership percentages are based on 21,968,906 shares of Common Stock outstanding as of October 31, 2025, as reported in REPX's Form 10-Q filed on November 5, 2025.
- Yorktown (Yorktown IX and Yorktown X collectively) has the ability to elect a majority of the Board of Managers of REXG.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral disclosure, primarily reporting a change in the structure of beneficial ownership by a significant shareholder group, without indicating a direct positive or negative impact on the issuer's operations or valuation.
Future Outlook
This filing does not contain specific forward-looking statements or guidance regarding the issuer's future operations or financial performance, focusing instead on changes in beneficial ownership.
Industry Context
StockSavvy.ai notes that this filing primarily details a restructuring of ownership interests among private equity sponsors and their related entities, rather than a direct operational or strategic announcement by Riley Exploration Permian, Inc. Such internal reorganizations among significant shareholders are common and typically reflect portfolio management decisions by investment funds.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Control Rights | Yorktown (Yorktown IX and Yorktown X) retains the ability to elect a majority of the Board of Managers of Riley Exploration Group, LLC (REXG) through the REXG LLC Agreement. | N/A | Maintains existing control structure for the Yorktown entities over REXG, which in turn holds a significant stake in Riley Exploration Permian, Inc. |
Related Party Transactions
- Riley Exploration Group, LLC (REXG) contributed 250,000 shares of Riley Exploration Permian, Inc. Common Stock to Combo Resources, LLC in exchange for 870,000 Class B Units of membership interest in Combo Resources, LLC. This transaction is detailed in a Contribution Agreement dated November 21, 2025.
Stakeholder Impact
- Shareholders: The transaction represents a change in the indirect holding structure of a significant block of shares by the reporting persons, but does not alter the total number of outstanding shares or the direct ownership of Riley Exploration Permian, Inc. common stock by the public. The overall beneficial ownership percentages of the reporting group remain substantial.
Key Dates
| Date | Description |
|---|---|
| 2020-12-31 | Date of Second Amended and Restated Limited Liability Company Agreement of Combo Resources, LLC. |
| 2021-03-08 | Original Schedule 13D filing date. |
| 2021-04-23 | Date of Amendment No. 1 to Combo Resources, LLC Agreement. |
| 2021-07-30 | Amendment No. 1 to Original Schedule 13D filing date. |
| 2021-10-18 | Amendment No. 2 to Original Schedule 13D filing date. |
| 2021-12-10 | Date of Amendment No. 2 to Combo Resources, LLC Agreement. |
| 2023-07-19 | Amendment No. 3 to Original Schedule 13D filing date. |
| 2024-04-10 | Amendment No. 4 to Original Schedule 13D filing date. |
| 2025-10-31 | Date for outstanding shares calculation (21,968,906 shares). |
| 2025-11-05 | Date of Issuer's quarterly report on Form 10-Q filed with the SEC. |
| 2025-11-21 | Date of the Contribution Agreement between Riley Exploration Group, LLC and Combo Resources, LLC, and the event date requiring this filing. |
| 2026-02-17 | Signature date for this Amendment No. 5 to Schedule 13D. |
Recommendation
holdThis Schedule 13D/A filing primarily details an internal restructuring of beneficial ownership among a group of related entities (Riley Exploration Group and Yorktown funds) and does not contain information that would fundamentally alter the investment thesis for Riley Exploration Permian, Inc. The core beneficial ownership percentages by this group remain significant, indicating continued long-term interest, but the transaction itself is administrative in nature for the issuer. Therefore, a 'hold' recommendation is appropriate as there are no new material catalysts or red flags for the underlying company.
Keywords
Riley Exploration Permian, Schedule 13D, Beneficial Ownership, Stock Contribution, Yorktown Energy Partners, Corporate Governance, Oil and Gas
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