Granite Ridge Investor Presentation Deck

Overview Historical Realized Pricing 104% 102% 100% 98% 96% 94% 92% 90% 400% 350% 300% 250% 200% 150% 100% 50% 155% Assets ...... Strategy & Execution Realized Oil Pricing vs. NYMEX WTI ¹ J-21 F-21 M-21 A-21 M-21 J-21 J-21 A-21 S-21 O-21 N-21 D-21 J-22 F-22 M-22 A-22 M-22 J-22 J-22 A-22 S-22 O-22 N-22 D-22 J-23 F-23 ..... GRNT Bakken DJ Eagle Ford Permian Realized Gas Pricing vs. NYMEX HH 1,2,3 Appendix 1. Realized pricing charts are based on production month data. 2. Granite Ridge forecasts on a two-stream basis; realized gas pricing Includes NGL revenue. 3. February 2021 realized pricing was impacted by Winter Storm Uri. Bakken Permian GRNT Eagle Ford Bakken DJ J-21 F-21 M-21 A-21 M-21 J-21 J-21 A-21 S-21 O-21 N-21 D-21 J-22 F-22 M-22 A-22 M-22 J-22 J-22 A-22 S-22 O-22 N-22 D-22 J-23 F-23 GRNT Bakken DJ Eagle Ford Permian Haynesville DJ Permian GRNT Eagle Ford Haynesville GRANITE RIDGE 21

View entire presentation