Item 8.01 Other Information.

On October 1, 2020, Riviera Resources, Inc. (the "Company") completed the sale of its interest in Mid-Continent properties located in Oklahoma (the "Mid-Continent Asset Sale") to Staghorn Petroleum II, LLC under a Purchase and Sale Agreement dated August 4, 2020, for a purchase price of approximately $13 million. During the six months ended June 30, 2020, the Company recorded a noncash impairment charge of approximately $88 million to reduce the carrying value of these assets to fair value.

This Current Report on Form 8-K provides the following additional financial information, which is filed as Exhibit 99.1 to this Current Report on Form 8-K:





  •   Unaudited Pro Forma Condensed Consolidated Balance Sheet of the Company as of
      June 30, 2020 to give pro forma effect to the Mid-Continent Asset Sale as if
      it was completed as of June 30, 2020.




  •   Unaudited Pro Forma Condensed Consolidated Statements of Operations of the
      Company for the six months ended June 30, 2020, and for the year ended
      December 31, 2019 to give pro forma effect to the Mid-Continent Asset Sale as
      if it was completed as of January 1, 2019.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit
Number       Description

99.1           The Unaudited Pro Forma Condensed Consolidated Balance Sheet of the
             Company as of June 30, 2020 and Pro Forma Condensed Consolidated
             Statements of Operations of the Company for the six months ended
             June 30, 2020, and for the year ended December 31, 2019.

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses