Investor Presentaiton

Granite Ridge Reserves Interim 4/1/22 Reserves¹: Reserve Category PDP DUC AFE Undeveloped Total Reserves Net Reserves by Hydrocarbon Reserves Oil Gas Equiv. MBbls MMcf MBoe PV-10 $MM 15,934 85,876 30,246 $840 3,030 13,919 5,350 181 1,151 3,579 1,747 27 21,961 104,542 39,385 553 42,076 207,915 76,728 $1,601 Net Reserves by Category PV-10 by Category 45% -77 MMBoe 55% 39% ~77 51% MMBoe 35% -$1,601 Million 52% 2% 7% 2% 11% ■ Oil ■ Gas ■ PDP ■ DUC ■ AFE Undeveloped ■ PDP ■ DUC ■AFE Undeveloped EOG Rosewood Henry Resources DVN EXCO ■Permian Proved PV-10 by Operator PV-10 by Region $178 7% $162 9% $118 10% -$1,601 Million 58% $111 16% $101 Eagle Ford ■Bakken Haynesville ■ DJ Basin 1. Internal Reserves estimate utilizing NYMEX Strip Pricing as of 5/11/22. Oil: 2022E: $99.49/Bbl; 2023E: $88.48/Bbl; 2024E: $80.07/Bbl; 2025E: $74.21/Bbl; 2026E: $70.29/Bbl; Thereafter: $70.29/Bbl; Gas: 2022E: $6.83/Mcf; 2023E: $5.35/Mcf; 2024E: $4.23/Mcf; 2025E: $4.03/Mcf; 2026E: $4.09/Mcf; Thereafter: $4.09/Mcf GRANITE RIDGE 18

View entire presentation