<SEC-DOCUMENT>0001140361-21-006780.txt : 20210301
<SEC-HEADER>0001140361-21-006780.hdr.sgml : 20210301
<ACCEPTANCE-DATETIME>20210301214644
ACCESSION NUMBER:		0001140361-21-006780
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210226
FILED AS OF DATE:		20210301
DATE AS OF CHANGE:		20210301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LAWRENCE BRYAN H
		CENTRAL INDEX KEY:			0001210010

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15555
		FILM NUMBER:		21701084

	MAIL ADDRESS:	
		STREET 1:		C/O CROSSTEX ENERGY HOLDINGS INC
		STREET 2:		2501 CEDAR SPRINGS STE 600
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Riley Exploration Permian, Inc.
		CENTRAL INDEX KEY:			0001001614
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870267438
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		29 E. RENO AVENUE
		STREET 2:		SUITE 500
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73104
		BUSINESS PHONE:		405-415-8699

	MAIL ADDRESS:	
		STREET 1:		29 E. RENO AVENUE
		STREET 2:		SUITE 500
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TENGASCO INC
		DATE OF NAME CHANGE:	19960612
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
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<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2021-02-26</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001001614</issuerCik>
        <issuerName>Riley Exploration Permian, Inc.</issuerName>
        <issuerTradingSymbol>REPX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001210010</rptOwnerCik>
            <rptOwnerName>LAWRENCE BRYAN H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>410 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>20TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022-4407</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1784113</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4677410</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Exchangeable Promissory Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>14.72</value>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2021-02-26</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>443599</value>
                    <footnoteId id="F6"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose. In connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 21, 2020, by and among Tengasco, Inc. (&quot;TGC&quot;), Antman Sub, LLC, a wholly-owned subsidiary of TGC (&quot;Merger Sub&quot;), and Riley Exploration - Permian, LLC (&quot;REP&quot;), as amended, pursuant to which Merger Sub merged with and into REP with REP surviving (the &quot;Merger&quot;) and continuing as a wholly-owned subsidiary of TGC (which changed its name to &quot;Riley Exploration Permian, Inc.&quot;, the &quot;Issuer&quot;), these shares were received in exchange for common units of REP (including common units of REP issued to the reporting person upon conversion of preferred units of REP immediately prior to the Merger).</footnote>
        <footnote id="F2">The share amounts of the Issuer's common stock reflect the 1-for-12 reverse stock split of the Issuer's common stock effected on February 26, 2021 immediately prior to the completion of the Merger.</footnote>
        <footnote id="F3">These securities are owned directly by Yorktown Energy Partners XI, L.P. (&quot;Yorktown XI&quot;). The reporting person is a member and a manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.</footnote>
        <footnote id="F4">These securities are owned directly by Riley Exploration Group, LLC (&quot;REG&quot;). Yorktown Energy Partners IV, L.P. (&quot;Yorktown IV&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown IV Company LLC, the general partner of Yorktown IV. Yorktown Energy Partners V, L.P. (&quot;Yorktown V&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown V Company LLC, the general partner of Yorktown V. Yorktown Energy Partners VI, L.P. (&quot;Yorktown VI&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown VI Associates LLC, the general partner of Yorktown VI Company LP, the general partner of Yorktown VI. Yorktown Energy Partners VII, L.P. (&quot;Yorktown VII&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown VII Associates LLC, the general partner of Yorktown VII Company LP, the general partner of Yorktown VII. Yorktown Energy Partners VIII, L.P. (&quot;Yorktown VIII&quot;) is a member of REG.</footnote>
        <footnote id="F5">(continuation from footnote 4) The reporting person is a member and a manager of Yorktown VIII Associates LLC, the general partner of Yorktown VIII Company LP, the general partner of Yorktown VIII. Yorktown Energy Partners IX, L.P. (&quot;Yorktown IX&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX. Yorktown Energy Partners X, L.P. (&quot;Yorktown X&quot;) is a member of REG. The reporting person is a member and a manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.</footnote>
        <footnote id="F6">REG and Yorktown X are parties to an Amended and Restated Exchangeable Promissory Note (the &quot;Note&quot;), dated as of December 31, 2020, whereby REG promises to pay to Yorktown X a principal sum plus interest. Interest accrues at a rate of fifteen percent (15.00%) per annum. There is no expiration or maturity of the Note, and Yorktown X can demand payment with 30 days written notice. REG can prepay the Note at any time. Pursuant to the terms of the Note, following the consummation of the Merger, Yorktown X can elect to receive shares of Common Stock of the Issuer held by REG in exchange for cancellation of the Note. The reported number of shares and exercise price are based on an exchange on March 1, 2021.</footnote>
        <footnote id="F7">The Note is held directly by Yorktown X. The reporting person is a member and a manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.</footnote>
    </footnotes>

    <remarks>Exhibit List: Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Bryan H. Lawrence</signatureName>
        <signatureDate>2021-03-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<TYPE>EX-24
<SEQUENCE>2
<FILENAME>brhc10021097_ex24.htm
<DESCRIPTION>EXHIBIT 24
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      <div style="text-align: center; font-weight: bold;">Exhibit 24</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
      <div style="text-align: center; font-weight: bold;">FOR EXECUTING FORM ID, FORMS 3, FORMS 4, FORMS 5, AND FORM 144</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The undersigned hereby constitutes and appoints Bobby D. Riley, Kevin Riley, and Corey Riley, with full power of substitution, as the undersigned&#8217;s true and
        lawful attorney-in-fact to:</div>
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            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(1)</td>
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              <div style="color: rgb(0, 0, 0);">Execute for and on behalf of the undersigned a Form ID (including amendments thereto), or any other forms prescribed by the Securities and Exchange Commission, that
                may be necessary to obtain codes and passwords enabling the undersigned to make electronic filings with the Securities and Exchange Commission of the forms referenced in clause (2) below;</div>
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            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(2)</td>
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              <div style="color: rgb(0, 0, 0);">Execute for and on behalf of the undersigned any (a) Form 3, Form 4 and Form 5 (including amendments thereto) in accordance with Section 16(a) of the Securities
                Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and (b) Form 144 (including amendments thereto), but only to the extent each form or schedule relates to the undersigned&#8217;s beneficial ownership of securities of Riley Exploration
                Permian, Inc. or any of its subsidiaries; and</div>
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      <div>&#160;</div>
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            <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(3)</td>
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              <div style="color: rgb(0, 0, 0);">Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any Form ID, Form 3, Form 4, Form 5 or
                Form 144 (including amendments thereto) and timely file the forms or schedules with the Securities and Exchange Commission and any stock exchange or quotation system, self-regulatory association or any other authority.</div>
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      <div>&#160;</div>
      <div style="text-align: justify;">The undersigned hereby grants to the attorney-in-fact full power and authority to do and perform all and every act requisite, necessary or proper to be done
        in the exercise of any of the rights and powers granted herein, as fully to all intents and purposes as the undersigned might or could do if personally present.&#160; The undersigned acknowledges that the attorney-in-fact, in serving in such capacity at
        the request of the undersigned, are not assuming (nor is Riley Exploration Permian, Inc.) any of the undersigned&#8217;s responsibilities to comply with Section 16 of the Exchange Act.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The undersigned agrees that the attorney-in-fact may rely entirely on information furnished orally or in writing by or at the direction of the undersigned to
        the attorney-in-fact.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Form ID, Form 3, Form 4, Form 5 and Form 144
        (including amendments thereto) with respect to the undersigned&#8217;s holdings of and transactions in securities issued by Riley Exploration Permian, Inc., unless earlier revoked by the undersigned in a signed writing delivered to the attorney-in-fact.&#160;
        This Power of Attorney does not revoke any other power of attorney that the undersigned has previously granted.</div>
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      <div style="text-align: justify;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of the date written below.</div>
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              <div>&#160;/s/ Bryan H. Lawrence</div>
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              <div>Signature</div>
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              <div>Bryan H. Lawrence</div>
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              <div>Type or Print Name</div>
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              <div>03/01/2021</div>
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              <div>Date</div>
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