Oklahoma City-based Riley Exploration Permian and Houston-based Conduit Power have agreed to form a joint venture that will own and operate on-site power generation utilizing captured flared natural gas to power Riley Permian's operations in Yoakum County, Texas.
Oklahoma City-based Riley Exploration Permian has agreed to acquire oil and gas assets of Pecos Oil & Gas, an affiliate of Cibolo Energy Partners, for cash consideration of $330 million.