secwatch.observer — SEC 8-K summary
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Issuer:     Granite Ridge Resources, Inc. (GRNT)
CIK:        0001928446
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001104659-24-009728
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Ridge sells Permian assets to Vital Energy; reports preliminary Q4 production of 26 Mboe/d
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- Closed sale of ~1,658 net acres and 45 gross (9.9 net) wells to Vital Energy on Dec 21, 2023 for stock and convertible preferred.
- Preliminary Q4 2023 total production averaged ~26,000 boe/d; oil averaged ~12,000 bbl/d.
- Year-end 2023 total proved reserves of 53,472 Mboe (27,317 Mbo oil, 156,928 MMcf gas) per NSAI report.
- Repurchased 3.8M shares at avg $6.13 in Q4; $50M buyback program expired Dec 31, 2023.
- Q4 2023 weighted-average basic shares: 132.1M; total debt of $110M, cash $10M at Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1928446/000110465924009728/0001104659-24-009728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1928446/000110465924009728/tm245028d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-009728

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