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  "documentTitle": "Granite Ridge | Investor Presentation Deck | 29 slides",
  "authorId": "granite-ridge",
  "authorName": "Granite Ridge Resources",
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  "presentationDate": "2023-10-01 00:00:00",
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      "text": "Conservative Balance Sheet\nConservative leverage – 0.13x net debt to TTM Adjusted EBITDAX at 6/30/2023\nControl of capital – elect to participate in drilling on a well-by-well basis\nLimited liabilities – not burdened by long-term contracts and drilling obligations common to operators\nPrepared for volatility – not forced to hedge at low prices, allows for counter-cyclical investment opportunities",
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      "text": "Access to Private Operators\nBroaden exposure – significant high-quality inventory is in the hands of private operators, particularly in the Permian\nBlue chip partners – anticipate 2023 new wells turned to sales from private operators including Endeavor, Greenlake, Henry Resources, Mewbourne, Rosewood and Mitsui",
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      "text": "Non-Op – A Better Way to Invest in Oil & Gas\nDecreased risk – participate with a smaller piece of a larger number of wells\nAsset diversity – own an interest in over 2,500 gross wells across Permian, Eagle Ford, Haynesville, DJ and Bakken\nAccelerated development – high-quality near-term drilling rather than long-dated inventory",
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      "text": "Total Shareholder Returns\nCapital returns\nFixed dividend – annualized $0.44/share\nStock buybacks – $50MM repurchase plan\nResponsible Growth\nActive operators – ~13% production growth\nHighly scalable – cost structure largely fixed; growth has minimal impact on overhead\nNot \"flooding the market” – increase in GRNT production does not necessarily grow U.S. production, just our share of it",
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      "text": "1. Future dividends are subject to approval by the Granite Ridge board of directors and credit agreement restrictions.\n2. At midpoint of guidance.",
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      "text": "Key Investment Highlights",
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