Past year: ▲ 66%(26.02 – 43.21 USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2025asset acquisition disposition▲ Good
The company completed the second and final closing of the Dovetail Midstream sale to Targa Northern Delaware -- compressor station assets for about $10 million -- following the initial closing of the larger midstream-infrastructure sale on December 3, 2025.
4 Dec 2025material agreement▲ GoodMajor
Riley Exploration Permian agreed to sell its Dovetail Midstream subsidiary -- Eddy County, New Mexico midstream infrastructure -- to Targa Northern Delaware for about $111 million plus up to $60 million in volume-based earnouts, a divestiture of non-core midstream assets to pay down debt.
2 July 2025asset acquisition disposition▲ GoodMajor
The company closed its approximately $142 million Silverback Exploration II acquisition, funded through revolver borrowings and cash on hand.
7 May 2025material agreement▲ GoodMajor
Riley Exploration Permian agreed to acquire Silverback Exploration II -- more Yeso-trend oil and gas assets in Eddy County, New Mexico -- for about $142 million plus an oil-price-linked earnout of up to $1.875 million per quarter through 2027.
18 Dec 2024debt financing▲ Good
The Truist credit facility was amended a 16th time, raising the borrowing base to $400 million and extending its term to December 2028, alongside a matching amendment to the 2023 senior notes waiving a leverage test tied to the increase.
8 Apr 2024material agreement● Neutral
The company completed a public offering of 2.1 million shares (700,000 new shares plus 1.4 million sold by insider/sponsor holders Bluescape Riley Exploration Holdings, Yorktown Energy Partners VIII, and Riley Exploration Group), netting about $25.4 million earmarked partly for a pending Eddy County, New Mexico acreage acquisition.
1 Sept 2023material agreement● Neutral
Riley Exploration Permian set up a $50 million at-the-market equity sales program with Truist Securities, Janney Montgomery Scott, and Roth Capital Partners, giving it a standing option to sell shares into the market as needed.
4 Apr 2023asset acquisition disposition▲ GoodMajor
The company closed its $330 million New Mexico acquisition from Pecos Oil & Gas, funding it through revolver borrowings and a new $200 million issuance of 10.50% Senior Unsecured Notes due 2028 -- its first bond offering.
28 Feb 2023debt financing▲ GoodMajor
Riley Exploration Permian agreed to acquire New Mexico Yeso-trend oil and gas assets in Eddy County from Pecos Oil & Gas (a Cibolo Energy Partners affiliate) for about $330 million -- by far its largest deal since the 2021 merger.
26 Oct 2022debt financing▲ Good
The Truist credit facility was amended a 12th time, raising the borrowing base from $200 million to $225 million.
2 May 2022material agreement▲ Good
The Truist credit facility was amended an 11th time, raising the borrowing base from $175 million to $200 million and extending the maturity to April 2026.
14 Oct 2021debt financing▲ Good
The company's Truist-led credit facility (inherited from Riley Exploration - Permian's pre-merger 2017 agreement) was amended for the 10th time, raising the borrowing base from $135 million to $175 million.
7 Oct 2021dividend declaration▲ GoodMajor
Riley Exploration Permian's board declared its first quarterly cash dividend, $0.31 per share, alongside an update on an enhanced-oil-recovery pilot project -- a new capital-return policy for the newly combined, Permian-focused company.
16 Apr 2021auditor change● Neutral
Following the reverse-merger accounting treatment (in which Riley Exploration - Permian, LLC is treated as the acquirer), the company did not renew Tengasco's former auditor Moss Adams and instead engaged BDO USA -- Riley's pre-merger auditor.
4 Mar 2021business combination▲ GoodMajor
Tengasco completed its merger with Riley Exploration - Permian, LLC, executed a 1-for-12 reverse stock split, and renamed itself Riley Exploration Permian, Inc. -- the combined company's business is now primarily Riley's Permian Basin oil and gas operations, closing out the strategic-alternatives review begun in January 2020.
18 Feb 2021business combination● Neutral
Duplicate filing of the same fractional-share correction to the merger proxy materials.
18 Feb 2021merger communication● Neutral
Tengasco corrected an inconsistency in its merger proxy materials, clarifying that shareholders will receive one whole share (not cash) in place of any fractional shares created by the planned 1-for-12 reverse stock split.
16 Feb 2021merger communication● Neutral
Duplicate filing of the same voluntary proxy supplement.
16 Feb 2021business combination● Neutral
Tengasco voluntarily supplemented its merger proxy statement/prospectus with additional disclosures ahead of the February 25, 2021 special shareholder meeting on the Riley Exploration - Permian deal.
22 Jan 2021merger communication● Neutral
Duplicate filing of the same Merger Agreement amendment adjusting post-merger board composition.
22 Jan 2021business combination● Neutral
Tengasco and Riley Exploration - Permian amended their Merger Agreement to reduce Riley's board seats in the combined company from three to two (Bobby D. Riley and Bryan H. Lawrence) and increase independent director seats from one to two.
21 Jan 2021business combination● Neutral
Amendment No. 2 to the S-4 for the Riley Exploration Permian / Tengasco merger. Riley holders would end up with about 95% of the combined company and Tengasco's own stockholders about 5% - a reverse takeover in substance. The special meeting date was still a blank placeholder in this draft.
31 Dec 2020business combination▼ BadMajor
The amendment disclosed three shareholder lawsuits filed in the weeks before it -- on 2, 8 and 10 December 2020, in New York and Delaware federal courts -- alleging the merger registration statement was false or misleading under the proxy rules, one of them adding a breach of fiduciary duty claim, with the plaintiffs seeking to block the merger until the disclosure is fixed. It also settled who decides the vote: Tengasco's directors and officers hold 51.5% of the stock, 49.6% of it in director Salas's hands alone. And it recorded that all seven of Tengasco's proved undeveloped drilling locations had been struck out of its reserves during 2019 as uneconomic at the oil prices then prevailing.
12 Nov 2020merger communication▼ Bad
Tengasco reported a wider Q3 2020 net loss ($813,000 vs. $182,000 a year earlier) on lower oil prices and volumes from its shrinking Kansas properties, filed while the Riley Exploration - Permian merger was pending.
12 Nov 2020business combination● NeutralMajor
Tengasco registered the shares for its reverse takeover by Riley Exploration - Permian: each Riley unit converts into 97.796467 Tengasco shares, leaving Riley's members with about 95% of the combined company and Tengasco's own shareholders about 5%, worth roughly $1.10 a Tengasco share at the price used in the filing. Roth Capital gave the Tengasco board a fairness opinion on the ratio for a fee that did not depend on the answer.
22 Oct 2020merger communication● Neutral
Formal filing of the Merger Agreement terms: each Riley Exploration - Permian common unit will convert into about 97.8 shares of Tengasco stock once the merger closes.
22 Oct 2020business combination● Neutral
Duplicate 8-K filing of the same Merger Agreement terms disclosed the day before.
22 Oct 2020merger communication● Neutral
Investor presentation filed in connection with the pending Tengasco/Riley Exploration - Permian merger, laying out the deal rationale to shareholders.
21 Oct 2020merger communication▲ Good
Duplicate regulatory filing of the same October 21, 2020 announcement that Tengasco agreed to merge with Riley Exploration - Permian, LLC.
21 Oct 2020business combination▲ GoodMajor
Tengasco agreed to merge with Riley Exploration - Permian, LLC, a private Permian Basin oil producer, with Riley becoming a wholly-owned subsidiary of Tengasco -- the outcome of the strategic review launched in January 2020 and a transformative deal for a company that had shrunk to a single small Kansas field.
