Item 1.01. Entry Into a Material Definitive Agreement

On October 25, 2022, Riley Exploration Permian, Inc. (the "Company"), Riley Exploration - Permian, LLC, a wholly-owned subsidiary of the Company ("Riley LLC" or the "Borrower"), Truist Bank as Administrative Agent and the lenders party thereto ("Lenders") entered into the twelfth amendment (the "Amendment") to the credit facility dated September 28, 2017 (the "Credit Agreement"). Among other things, the Amendment increased the borrowing base and elected commitments of the Lenders from $200 million to $225 million. This description of the Amendment is a summary and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Certain Lenders under the Credit Agreement have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services or other services for the Company or its subsidiaries or affiliates, and affiliates or certain of these Lenders have served in the past as underwriters in public offerings of securities by the Company, for which they have received, and may in the future receive, customary compensation and expense reimbursement.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item 1.01 is incorporated herein by reference to this Item 2.03.

Item 7.01. Regulation FD Disclosure.

On October 26, 2022, the Company issued a press release announcing the Amendment to the Credit Agreement, including the increase in its borrowing base. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

In accordance with General Instruction B.2. of Form 8-K, the information furnished pursuant to Item 7.01 in this Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are included with this Current Report on Form 8-K



Exhibit No.           Description

  10.1    *           Twelfth Amendment to the Credit Agreement dated as of October 25, 2022, by
                      and among Riley Exploration Permian, Inc., Riley Exploration - Permian, LLC,
                      as borrower, Truist Bank, as administrative agent, and the lenders party
                      thereto
  99.1    *           Press Release dated October 26, 2022
104                   Cover Page Interactive Data File (embedded within the Inline XBRL document)
*                     Filed herewith


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