Granite Ridge Investor Presentation Deck
Overview
Strategy & Execution
Scaled, Diversified Asset Base
DJ: 7% of PV-10¹
LTM Spuds 2: 53
# of Wells in Process ³: 77
Net acreage 4,5: 1,962
• PV-10¹: $104MM
Active Rigs 6: 14
NV
UT
MT
Permian: 57% of PV-10¹
LTM Spuds 2: 116
# of Wells in Process 3: 56
Net acreage 4.5: 9,598
• PV-10¹: $894MM
Active Rigs 6: 334
4. As of 6/30/23.
5. Excludes shallow zone acreage.
6. As of 7/28/2023. Source: Baker Hughes.
WY
Assets
со
NM
Eagle Ford: 16% of PV-10¹
LTM Spuds 2: 28
# of Wells in Process 3: 13
Net acreage 4.5: 6,365
• PV-10¹: $250MM
Active Rigs 6: 55
ND
SD
NE
TX
●
●
●
●
Bakken: 10% of PV-10¹
LTM Spuds 2: 39
# of Wells in Process 3: 28
Net acreage 4.5: 15,030
PV-10¹: $155MM
Active Rigs 6: 35
KS
ΤΑ
MO
AR
LA
●
IL
MS
IN
TN
AL
MI
KY
1. Based on 12/31/22 SEC reserves. PV-10 is a Non-GAAP financial measure, which is defined and reconciled in the Appendix.
2. Gross spuds 7/1/22 to 6/30/2023.
3. Defined as gross wells spud, but not producing as of 6/30/23.
OH
GA
PV-10¹: $157MM
Active Rigs 6: 44
WV
SC
PA
VA
NC
Haynesville: 10% of PV-10¹
LTM Spuds 2: 16
# of Wells in Process 3: 12
Net acreage 4.5: 2,374
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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