Investor Presentaiton

Rigorous Deal Sourcing Process To Find Compelling. "Ground Game" Transactions Business Development 01 02 03 04 05 Deal Sourcing Initial Screen On Basin, Size, Operator Detailed Engineering Final Negotiations / Finance DD Employ a boots-on-the-ground and all-hands-on -deck approach to deal sourcing DEAL FUNNEL 2021 2022 YTD | Mixed Measures 600 513 Average of ~7 deals reviewed on a weekly basis 500 400 Very selective: closed ~5% of transactions reviewed Permian accounts for ~65% of deal flow Screened 300 200 122 Engineering, finance and land department 100 No Offer collaboration paired with powerful, integrated data analytics results in holistic, systematic deal evaluation Double Click Offer Issued Initial Screen Phase I Diligence 60 Not Closed Closed Phase II Diligence and Close GRANITE RIDGE WILL BENEFIT FROM SHARING DEALS WITH GREY ROCK'S PRIVATE EQUITY PLATFORM GRANITE RIDGE 14

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