Granite Ridge Resources, Inc. Reports Production Results for the Fourth Quarter and Full-Year Ended December 31, 2023
March 08, 2024 at 02:35 am IST
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Granite Ridge Resources, Inc. reported production results for the fourth quarter and full-year ended December 31, 2023. For the quarter, the company reported net production of oil was 1,130 MBbl against 1,045 MBbl a year ago. Natural gas was 7,592 MMcf against 5,891 MMcf a year ago. Total net production was 2,395 MBoe against 2,027 MBoe a year ago. Average daily production of Oil was 12,280 Bbl against 11,359 Bbl a year ago. Natural gas was 82,525 Mcf against 64,033 Mcf a year ago. Total average daily production of 26,034 Boe against 22,031 Boe a year ago.
For the year, the company reported net production of oil was 4,162 MBbl against 3,656 MBbl a year ago. Natural gas was 28,266 MMcf against 21,351 MMcf a year ago. Total net production was 8,873 MBoe against 7,215 MBoe a year ago. Average daily production of Oil was 11,404 Bbl against 10,016 Bbl a year ago. Natural gas was 77,442 Mcf against 58,496 Mcf a year ago. Total average daily production of 24,311 Boe against 19,765 Boe a year ago.
Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. The Eagle Ford shale formation stretches across south Texas and includes Austin Chalk and Buda formations. The Williston Basin stretches through North Dakota, the northwest part of South Dakota, and eastern Montana. The Haynesville Basin is a premier natural gas basin located in Northwestern Louisiana and East Texas. The DJ basin is a geologic basin centered in eastern Colorado.
GRANITE RIDGE RESOURCES, INC. 
