Riley Exploration Permian completed the acquisition of upstream oil and gas assets in Eddy County from Contango Resources for $20.5m.

Riley Exploration Permian, an independent oil and natural gas company, completed the acquisition of upstream oil and gas assets in Eddy County from Contango Resources, a platform used to explore, acquire, develop, and manage crude oil and natural gas properties, for $20.5m. The acquisition adds Riley Permian approximately 13,900 total net acres and an estimated 20 to 25 net locations suitable for horizontal drilling development. Additionally, the acquisition adds approximately 1.1 MBoe/d of production.