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Earnings Call Summary | Riley Exploration Permian(REPX.US) Q1 2024 Earnings Conference

Earnings Call Summary | Riley Exploration Permian(REPX.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Riley Exploration Permian (REPX.US) 2024 年第一季度業績會議
moomoo AI ·  05/09 16:00  · 電話會議

The following is a summary of the Riley Exploration Permian, Inc. (REPX) Q1 2024 Earnings Call Transcript:

以下是萊利探索二疊紀公司(REPX)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Riley Exploration reported a 4% increase in Q1 net oil production to an average of 14.2 thousand barrels per day.

  • Operating cash flow before working capital increased by 7% quarter-over-quarter, despite 2% lower oil prices.

  • The company's reinvestment rate of operating cash flow into upstream CapEx was 45% on accrual basis and 60% on a cash CapEx basis.

  • 萊利勘探公司報告稱,第一季度淨石油產量增長了4%,達到平均每天14,200桶。

  • 儘管油價下跌了2%,但扣除營運資金前的運營現金流同比增長了7%。

  • 該公司的運營現金流向上游資本支出的再投資率按應計制計算爲45%,按現金資本支出計算爲60%。

Business Progress:

業務進展:

  • Riley Exploration drilled seven net wells in Q1 and expects Q2 oil production to reach between 14.4 and 14.8 thousand barrels per day.

  • The company completed the acquisition of 13,900 net acres in Eddy County, New Mexico, extending its operational range.

  • Riley will continue to focus on operational excellence, cost control and capital efficiency while allocating resources to support growth.

  • 萊利勘探公司在第一季度淨鑽了七口油井,預計第二季度的石油產量將達到每天14.4至14,800桶。

  • 該公司完成了對新墨西哥州埃迪縣13,900英畝淨土地的收購,擴大了其運營範圍。

  • 萊利將繼續專注於卓越運營、成本控制和資本效率,同時分配資源以支持增長。

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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