Multi-basin non-op Granite Ridge Resources closed multiple transactions in the second quarter in the Midland, Delaware, Denver-Julesburg (D-J), Williston and Appalachian basins, the company reported on Aug. 8.
During the second quarter the company closed multiple transactions adding 16.4 net future drilling locations. Granite Ridge said the acquisition’s costs totaled $22.4 million, inclusive of $5.8 million of future drilling carries. Combined with deals closed after the quarter, the company spent about $47.4 million in dealmaking.
Among its “traditional non-op” deals, the acquisitions added 4.7 net (51 gross) future drilling locations at a cost of $12.6 million. Estimated future development costs for the acquired properties is $50 million.