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Granite Ridge Resources Inc (GRNT) Q3 2024 Earnings Call Highlights: Strong Production Growth ...

By Yahoo! Finance   |   Nov 9, 2024 at 02:09 AM EST
Granite Ridge Resources Inc (GRNT) Q3 2024 Earnings Call Highlights: Strong Production Growth ...

The company's PDP decline rate is at around 40%, signaling a higher production decline rate affecting future growth. Cost savings in lease operating expenses were due to reduced workover expenses, likely to normalize soon. The focus is on Utica condensate window for leasehold additions.

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