RVRA - Riviera Resources, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
8.15
0.00 (0.00%)
At close: 2:34PM EST
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Previous Close8.15
Open8.14
Bid0.00 x 0
Ask0.00 x 0
Day's Range8.03 - 8.15
52 Week Range7.30 - 17.00
Volume4,207
Avg. Volume83,846
Market Cap477.121M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-3.15
Earnings DateFeb 25, 2020 - Mar 01, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 11, 2019
1y Target EstN/A
  • GlobeNewswire

    Riviera Resources Elects Independent Director Joseph A. Mills to Its Board to Replace Resigning Director Philip A. Brown

    The Company has selected Joseph A. Mills to the Board as an independent director to replace Mr. Brown, effective January 9, 2020. Mr. Mills will serve on both the Audit Committee and the Compensation Committee.

  • GlobeNewswire

    Riviera Resources to Sell Oklahoma City Office Building for $21.4 Million

    The Company expects the transaction will close in the first quarter of 2020. The property to be sold is a four-story, 105,000 plus square foot office building located at 14701 Quail Springs Plaza Parkway, Oklahoma City, OK 73134. The estimated net proceeds from the sale are expected to be added to cash on the Company’s balance sheet.

  • GlobeNewswire

    Riviera Resources Announces Sale of East Texas Personville Properties for $34 Million

    The Company expects the transaction will close in the first quarter of 2020. The properties to be sold consist of approximately 750 wells located in the Personville field in East Texas with average third quarter net production of approximately 28 Mmcfe/d. The estimated net proceeds from the sale are expected to be added to cash on the Company’s balance sheet.

  • GlobeNewswire

    Riviera Resources Confirms Ex-Dividend Date of December 13, 2019 for Cash Distribution of $4.25 Per Share; Plans to Return Additional Capital to Shareholders With Proceeds From Assets Sales Expected to Close in the First Quarter of 2020

    In addition, the Company plans to use proceeds from asset sales expected to close in the first quarter of 2020 to return additional capital to shareholders. Shareholders of record on December 5, 2019 who sell their shares after December 5, 2019, but prior to the ex-dividend date of December 13, 2019 will not be entitled to, and will also sell their right to receive, such distribution. As previously announced, the Company has signed a definitive agreements to sell its remaining interests in properties located in the Overton field in East Texas, and its interest in properties located in the Drunkards Wash field in the Uinta Basin that are expected to close in the first quarter of 2020.

  • GlobeNewswire

    Riviera Resources Announces Cash Distribution of $4.25 Per Share; Closes the Sale of Remaining Hugoton Properties; and Enters Agreement to Sell Uinta Basin Assets

    In addition, the Company has signed a definitive agreement to sell its remaining interests in properties located in the Drunkards Wash field in the Uinta Basin for a contract price of $4.5 million. The Company’s Board has approved a cash distribution to shareholders of $4.25 per share.

  • GlobeNewswire

    Riviera Resources Reports Third-Quarter 2019 Results and Announces Sale of East Texas Overton Properties for $18.5 Million

    HOUSTON, Nov. 07, 2019 -- Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) and its wholly owned subsidiary, Blue Mountain Midstream LLC (“Blue Mountain”).

  • GlobeNewswire

    Riviera Resources Announces Third Quarter 2019 Earnings Conference Call

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announces it will host a conference call Thursday, November 7, 2019 at 10:00 a.m. (Central) to discuss the Company’s third quarter 2019 results and expects to file its third quarter Form 10-Q with the Securities and Exchange Commission on or around that date. Investors and analysts are invited to participate in the call by dialing (866) 416-7462, or (409) 217-8223 for international calls using Conference ID: 6994895. Riviera Resources, Inc. is an independent oil and natural gas company with a strategic focus on efficiently operating its mature low-decline assets, developing its growth-oriented assets, and returning capital to its stockholders.

  • GlobeNewswire

    Riviera Resources Announces Sale of Remaining Hugoton Properties, Including Jayhawk Plant, for $295 Million

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announces it has signed a definitive agreement to sell its interest in properties located in the Hugoton Basin to an undisclosed buyer for a contract price of $295 million, subject to closing adjustments. This transaction represents a complete basin exit for the Company.

  • GlobeNewswire

    Riviera Resources Reports Second-Quarter 2019 Results

    HOUSTON, Aug. 08, 2019 -- Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) and its wholly owned subsidiary, Blue Mountain Midstream LLC (“Blue Mountain”).

  • GlobeNewswire

    Blue Mountain Midstream Announces Open Season for Crude Oil & Water Gathering Systems

    Blue Mountain Midstream LLC (“Blue Mountain”), a wholly owned subsidiary of Riviera Resources, Inc. (RVRA), announced today its subsidiaries Wildcat Oil Gathering LLC (“Wildcat Oil Gathering”) and Wildcat Water Gathering LLC (“Wildcat Water Gathering”) have launched an Open Season for new systems and services in central Oklahoma. Blue Mountain has initiated construction of new crude oil and produced water gathering infrastructure serving Roan Resources.

  • GlobeNewswire

    Riviera Resources Announces Final Results of Its Tender Offer

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announced today the final results of its tender offer to purchase for cash up to 2,666,666 shares of its common stock (the “shares”) at a purchase price of $15.00 per share, which expired at 11:59 p.m., New York City time, on Tuesday, July 16, 2019. Riviera has accepted for purchase 2,666,666 shares of its common stock at a purchase price of $15.00 per share, for an aggregate purchase price of approximately $40 million.

  • GlobeNewswire

    Riviera Resources Announces Increased Share Repurchase Authorization

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announced today the Company’s board of directors (the “Board”) has authorized an increase to the previously announced $100 million share repurchase program to a total of up to $150 million. Riviera intends to resume share purchases under its share repurchase authorization of $150 million, of which approximately $96 million had been repurchased prior to commencement of the tender offer, on or after July 31, 2019. Statements made in this press release that are not historical facts are “forward-looking statements.” These statements are based on certain assumptions and expectations made by the Company, which reflect management’s experience, estimates and perception of historical trends, current conditions, and anticipated future developments.

  • GlobeNewswire

    Blue Mountain Midstream Announces Execution of Midstream Crude Oil Gathering Agreement With Roan Resources

    Blue Mountain Midstream LLC (“Blue Mountain”), a wholly owned subsidiary of Riviera Resources, Inc. (RVRA), announced today one of its subsidiaries has entered into a definitive agreement with Roan Resources LLC (“Roan Resources”) to gather Roan Resources’ crude oil in the prolific Merge play. Greg Harper, President and CEO of Blue Mountain, said, “Blue Mountain continues to grow our relationship with Roan Resources while expanding our scale and capabilities with this fully fee-based business line. Blue Mountain plans to construct an initial crude system consisting of approximately 50 miles of gathering pipelines with two downstream interconnections providing anchor shipper Roan Resources with direct access to the Cushing market.

  • GlobeNewswire

    Riviera Resources Announces Preliminary Results of its Tender Offer

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announced today the preliminary results of its tender offer to purchase for cash up to 2,666,666 shares of its common stock (the “shares”) at a purchase price of $15.00 per share, which expired at 11:59 p.m., New York City time, on Tuesday, July 16, 2019. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, approximately 61.3 million shares of the common stock were properly tendered and not properly withdrawn, including approximately 0.2 million shares that were tendered through notice of guaranteed delivery. Riviera expects to accept for purchase a total of 2,666,666 shares of its common stock at a purchase price of $15.00 per share, for an aggregate purchase price of approximately $40 million.

  • GlobeNewswire

    Riviera Resources Raises Second Quarter 2019 Upstream Guidance and Announces Second Quarter 2019 Earnings Conference Call

    HOUSTON, July 09, 2019 -- Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) raises second quarter 2019 upstream guidance and announces its second quarter 2019.

  • GlobeNewswire

    Riviera Resources Announces Commencement of Tender Offer to Purchase Up To 2,666,666 Shares of Its Common Stock at a Purchase Price of $15.00 Per Share

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) today announced that it is commencing a tender offer to purchase for cash up to 2,666,666 shares of its common stock (the “shares”) at a purchase price of $15.00 per share. The number of shares proposed to be purchased in the tender offer represents approximately 4.2% of the Company’s currently outstanding common stock. The Company announced its intention to make the offer after the market closed on June 13, 2019.

  • GlobeNewswire

    Riviera Resources Announces Intention to Commence Tender Offer at a Premium

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) today announced it intends to commence a tender offer to purchase for cash up to an aggregate of $40 million of shares of its common stock at a premium to current market price no later than the end of this month.  The Company intends to use a portion of its cash on hand to fund the tender offer. The discussion of the proposed tender offer in this press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares. Any tender offer will be made only pursuant to an Offer to Purchase, the related Letter of Transmittal, and other related materials mailed or otherwise delivered to stockholders.  Stockholders and investors are urged to read the Company’s tender offer statement on Schedule TO that will be filed contemporaneously with the Securities and Exchange Commission (the “SEC”) in connection with the tender offer, which will include as exhibits the Offer to Purchase, the related Letter of Transmittal and other offer materials, as well as any amendments or supplements to the Schedule TO when they become available, because they contain important information.

  • GlobeNewswire

    Riviera Resources Announces Sale of Michigan Properties for $44.5 Million

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announces it has signed a definitive agreement to sell its interest in properties located in Michigan to an undisclosed buyer for a contract price of $44.5 million, subject to closing adjustments. The Company expects the transaction will close in the second quarter of 2019 and estimates net proceeds of approximately $41 million. The properties to be sold consist of approximately 1,400 net wells located in Michigan with proved developed reserves of approximately 193 BCFE1 and proved developed PV-10 of approximately $38 million1.

  • GlobeNewswire

    Riviera Resources Reports First-Quarter 2019 Results; Engages Investment Bank to Unlock Blue Mountain Value Through Strategic Alternatives; and Announces Attendance at RBC Capital Markets Global Energy & Power Investor Conference

    HOUSTON, May 09, 2019 -- Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) and its wholly owned subsidiary, Blue Mountain Midstream LLC (“Blue Mountain”).

  • GlobeNewswire

    Riviera Resources Announces Sale of Certain Hugoton Basin Non-Operated Properties for $31 Million, New Blue Mountain Midstream Third Party Dedication to its Merge System, and First Quarter 2019 Earnings Conference Call on Thursday, May 9, 2019

    Riviera Resources, Inc. (RVRA) (“Riviera” or the “Company”) announces it has signed a definitive agreement to sell its interest in certain non-operated properties located in the Hugoton Basin in Kansas (the “Hugoton Non-Op Sale”). In addition, Blue Mountain Midstream LLC (“Blue Mountain”), a wholly owned subsidiary of Riviera, announces it has finalized an agreement with an undisclosed third party to dedicate acres in the Merge to Blue Mountain’s natural gas gathering and processing system. The Company also announces its first quarter 2019 earnings conference call on Thursday, May 9, 2019.

  • GlobeNewswire

    Riviera Resources Announces Closing of $82 Million Volumetric Production Payment Transaction (“VPP”)

    Riviera Resources, Inc. (RVRA), (“Riviera” or the “Company”) announces it has finalized an agreement to sell a limited term overriding royalty interest (the “Volumetric Production Payment” or “VPP” interests) in helium produced from certain of the Company’s long-lived wells located in the Hugoton Basin.

  • GlobeNewswire

    Riviera Resources Reports Fourth-Quarter and Year End 2018 Results; Provides 2019 Guidance

    HOUSTON, Feb. 28, 2019 -- Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) announces financial and operating results for the fourth quarter and full year 2018.

  • GlobeNewswire

    Blue Mountain Announces Execution of Midstream Water Services Agreement With Roan

    Blue Mountain Midstream LLC (“Blue Mountain”), a wholly owned subsidiary of Riviera Resources, Inc. (RVRA), announced today one of its subsidiaries has entered into a definitive agreement with Roan Resources LLC (ROAN) (“Roan”) to exclusively manage all of Roan’s water needs for its drilling and completion operations in Central Oklahoma. Blue Mountain will provide comprehensive water management services including pipeline gathering, disposal, treatment and redelivery of recycled water for re-use. Greg Harper, President and CEO of Blue Mountain, said, “Blue Mountain is excited about the opportunity to expand its service offerings and relationship with Roan.