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Granite Ridge Resources Provides an Operational Update, Releases Select Preliminary Fourth-Quarter 2023 Results, and Schedules Earnings Results Conference Call for March 8, 2024, at 10:00 ...

Granite Ridge Resources, Inc. (GRNT) 
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (NYSE: GRNT) (“Granite Ridge” or the “Company”) today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call below.Vital Asset SaleOn December 21, 2023, Granite Ridge closed on the sale of certain of its Permian Basin assets to Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy”) for consideration of 561,752 shares of Vital Energy’s common stock and 541,155 shares of Vital Energy’s 2.0% cumulative mandatorily convertible preferred securities. The assets sold consisted of approximately 1,658 net acres and 45 gross (9.9 net) producing wells in the Permian Basin.The transaction is associated with Granite Ridge exercising its right to tag-along with the sale of certain assets in the Permian Basin by affiliates of Henry Energy LP, Henry Resources, LLC, and Moriah Henry Partners Show less Read more
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