Bluescape Riley Exploration Holdings LLC, a reported 10 percent owner of Riley Exploration Permian, Inc. (NASDAQ: REPX), sold 5,256 shares of Riley Exploration common stock on February 23, 2026. The disposition occurred at trade prices ranging from $28.06 to $28.515 and produced total proceeds of approximately $149,173.
At the time of the filing, Riley Exploration’s shares were trading at $27.68, which is below the range of prices at which the shares were sold. The company’s reported price-to-earnings ratio stands at 6.81.
After completing the sale, Bluescape Riley Exploration Holdings LLC directly holds 3,032,653 shares of Riley Exploration Permian, Inc.
Ownership and governance chain
The filing outlines the corporate ownership and governance structure above Bluescape Riley Exploration Holdings LLC. According to the filing:
- Bluescape Energy Recapitalization & Restructuring Fund III LP owns 90.06% of the membership interests in Bluescape Riley Holdings.
- Bluescape Energy Partners III GP LLC serves as the general partner of Bluescape Energy Recapitalization & Restructuring Fund III LP.
- Bluescape Resources GP Holdings LLC owns 100% of the membership interests of Bluescape Energy Partners III GP LLC.
- Bluescape Resources Company LLC owns 100% of the membership interests of Bluescape Resources GP Holdings LLC.
- Mr. C. John Wilder, Jr. is identified as having the power to direct the affairs of Bluescape Resources in his capacity as Executive Chairman.
Recent corporate developments at Riley Exploration Permian
Riley Exploration Permian, Inc. reported several material corporate and financial moves in the same disclosure window. The company completed the sale of midstream infrastructure assets located in Eddy County, New Mexico, to Targa Northern Delaware LLC for approximately $111 million in cash, subject to customary adjustments. That transaction was executed through Riley Exploration - Permian, LLC, a wholly owned subsidiary of the company.
In addition, Riley Permian declared a quarterly cash dividend of $0.40 per share. The dividend is payable on February 5, 2026, to shareholders of record as of January 22, 2026.
The company’s board also authorized a share repurchase program with a capacity of up to $100 million to be carried out over a 24-month period. The program may be executed through open market purchases, block trades or privately negotiated transactions and will be conducted in compliance with federal securities laws.
Finally, Riley Permian added Bobby Saadati to its board of directors as an independent member, effective February 4, 2026. Saadati is noted in the filing as the chief executive officer of IKAV Energy USA.
Context and implications
Combined, the insider sale and Riley Permian’s recent actions - including the midstream asset sale, dividend declaration, buyback authorization and board appointment - represent a cluster of transaction and governance items disclosed in the company filings. The details above summarize the reported transactions and ownership structure without inferring motive or projecting outcomes beyond the information provided in the filings.