Granite Ridge Resources, Inc. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2024
November 07, 2024 at 04:05 pm EST
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Granite Ridge Resources, Inc. reported production results for the third quarter and nine months ended September 30, 2024. For the quarter, the company reported net oil production of 1,164 MBbl against 1,125 MBbl a year ago. Net natural gas production was 6,912 MMcf against 7,841 MMcf a year ago. Total net production was 2,316 MBoe against 2,432 MBoe a year ago. Oil average daily production was 12,655 Bbl against 12,228 Bbl a year ago. Natural gas average daily production was 75,133 Mcf against 85,228 Mcf a year ago. Total average daily production was 25,177 Boe against 26,433 Boe a year ago.
For the nine months, the company reported net oil production of 3,129 MBbl against 3,038 MBbl a year ago. Net natural gas production was 20,758 MMcf against 20,643 MMcf a year ago. Total net production was 6,589 MBoe against 6,479 MBoe a year ago. Oil average daily production was 11,420 Bbl against 11,128 Bbl a year ago. Natural gas average daily production was 75,758 Mcf against 75,615 Mcf a year ago. Total average daily production was 24,046 Boe against 23,731 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. 
