Granite Ridge Resources $41 million debut underwritten secondary offering
The shares are listed on the NYSE
Davis Polk advised the representatives of the underwriters in connection with a $41 million debut underwritten secondary offering of 8,165,000 shares of common stock of Granite Ridge Resources, Inc. Granite Ridge’s common stock is listed on the New York Stock Exchange under the symbol “GRNT.”
Granite Ridge is a scaled, non-operated oil and gas exploration and production company. Granite Ridge owns a portfolio of wells and top-tier acreage across the Permian Basin and four other prolific unconventional basins across the United States. Rather than drill wells, Granite Ridge increases asset diversity and decreases overhead by investing in a smaller piece of a larger number of high-graded wells drilled by proven public and private operators.
The Davis Polk corporate team included partner Derek Dostal and associate Michael Schuster. The tax team included counsel Christopher A. Baratta and associate Nancy B. Regan. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.