Riley Exploration Permian, Inc. (AMEX:REPX) Q4 2022 Earnings Call Transcript

Philip Riley: Yes, absolutely. We do appreciate the geographic diversity for certain operational constraints we face from time to time midstream power and such as we described. The differentials are volatile in our industry, in our region. I’d say on those just quick note is those are for the most part of our out of our control, right? And we give guidance there mainly for your benefit, but it’s not something we control. So lower confidence on those. The appearance of lower differentials there, or I guess higher differentials to the index versus last year is really just a function of kind of fixed fees, applying to lower index prices on the gas and the NGL. But the geographic diversity there helps us at least. And we always at least have the ability later in the year, Jeff to throttle up or throttle back one area versus the other if we should run into any constraints.

Jeff Robertson: I guess, in terms of competing that ability to flex capital between the most, between the area that makes the most sense is what’s really important?

Philip Riley: Yes, exactly. That’s what some other big boy companies have and it’s something that I think we’re really going to benefit from now.

Jeff Robertson: Thank you very much.

Philip Riley: Thank you.

Operator: We have no further questions at this time. Ladies and gentlemen that will conclude today’s meeting. Thank you all for joining. You may now disconnect.