TRAVIS WINDHOLZ, Managing Director & CFO, Conduit Power and PHILIP RILEY, CFO & Executive VP, Riley Permian

Topic: Discuss their JV, RPC Power

RPC Power, LLC is a joint venture between Riley Exploration Permian, Inc. and Conduit Power, LLC. RPC Power was formed in 2023 to construct, own and operate power generation assets. RPC Power's initial scope was to use Riley Permian’s produced natural gas for a 20MW portfolio of generation assets which provide power for a portion of Riley’s operations in Yoakum County, Texas. RPC Power expanded its scope in 2024 to allow for the generation and sale of dispatchable power and related services to ERCOT, with plans for an additional 100MW of generation and battery energy storage systems across multiple facilities in West Texas.

Travis Windholz, CFA, Managing Director & CFO

Travis has 20+ years of executive experience in the energy sector. Travis previously served as CEO of Jumar Energy, a Bluescape Energy Partners portfolio company, which financed upstream E&P development through the monetization of real option value in the commodity markets. Bluescape was 100% owner of Jumar and invested in the company in 2016. Prior to that, Travis served as Managing Director and CFO at Atinum Energy Investments, a $1 billion+ E&P investment firm.

Prior to Atinum, Travis served as Director at Akeida Capital Management, a sustainable investment management firm. Travis began his career at El Paso Merchant Energy where he was responsible for structuring agreements around physical assets and associated commodity optionality. Travis earned a BA in Finance from Texas A&M University and an MBA in Finance from the Wharton School at the University of Pennsylvania. More information at: https://conduitpower.co/executive-team

Philip Riley, Chief Financial Officer and Executive Vice President – Strategy

Philip Riley joined Riley Permian in March 2021 and serves as Chief Financial Officer and Executive Vice President – Strategy. Mr. Riley has more than 25 years of experience across energy and other industries as an executive officer, investor, and strategic advisor. Prior to joining the Company, he served as Managing Director of private capital funds Bluescape Energy Partners beginning May 2015 and Parallel Resource Partners beginning in November 2012, where he formulated investment strategies, sourced investment opportunities, and managed existing investment operations and performance.

Mr. Riley has served as a director of 11 companies including as Bluescape’s designated director for Riley Permian. Prior to Bluescape and Parallel, he served as an investment banker at Lazard, Imperial Capital and Petrie Parkman where he advised on a variety of domestic and international transactions exceeding $135 billion in value. Mr. Riley earned a Bachelor of Business Administration from the University of Texas at Austin, with majors in the Business Honors Program and Finance. More information at: https://rileypermian.com/about/management/default.aspx