Granite Ridge Investor Presentation Deck
Overview
Strategy & Execution
Scaled, Diversified Asset Base
DJ: 7% of PV-10¹
LTM Spuds 2: 69
# of Wells in Process ³: 53
Net acreage 4,5: 2,086
• PV-10¹: $104MM
Active Rigs 6: 14
NV
●
UT
MT
Permian: 57% of PV-10¹
LTM Spuds 2: 128
# of Wells in Process 3: 101
Net acreage 4.5: 10,806
• PV-10¹: $894MM
Active Rigs 6: 312
WY
Assets
со
NM
Eagle Ford: 16% of PV-10¹
LTM Spuds 2: 21
# of Wells in Process 3: 11
Net acreage 4.5: 6,365
• PV-10¹: $250MM
Active Rigs 6: 49
ND
SD
NE
TX
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●
●
●
Bakken: 10% of PV-10¹
LTM Spuds 2: 35
# of Wells in Process ³:23
Net acreage 4.5: 15,030
PV-10¹: $155MM
Active Rigs 6: 33
KS
ΤΑ
MO
AR
LA
●
IL
MS
IN
TN
AL
MI
KY
OH
1. Based on 12/31/2022 SEC reserves. PV-10 is a Non-GAAP financial measure, which is defined and reconciled in the Appendix.
2. Gross spuds 7/1/2022 to 9/30/2023.
3. Defined as gross wells spud, but not producing as of 9/30/23.
4. As of 9/30/2023.
5. Excludes shallow zone acreage.
6. As of 9/29/2023. Source: Baker Hughes
GA
WV
SC
PA
VA
NC
Haynesville: 10% of PV-10¹
LTM Spuds 2: 12
# of Wells in Process 3:8
Net acreage 4.5: 2,374
PV-10¹: $157MM
Active Rigs 6: 39
NY
VT/
NH
MA
ст
Appendix
ΜΕ
Outlined counties contain
assets or acreage screened
and/or evaluated by
Granite Ridge
Esri, Garmin, FAO, NOAA, USGS, EPA
D
GRANITE RIDGE
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