Dallas-based Grey Rock Investment Partners – with interests in more than 2,500 wells in core areas of Delaware and Midland basins and four other plays – and Executive Network Partnering Corp. said recently they agreed to a $1.3 billion business combination that will result in the formation of publicly traded Granite Ridge Resources. Grey Rock co-founder Griffin Perry said, “We have the unique opportunity to build a new company anchored by a premier, scaled, non-operated oil and gas platform diversified across five of the most prolific basins in the U.S.”
Luke Brandenberg, who will serve as CEO of Granite Ridge, said May 16 the company will “focus on non-operated working interest and joint ventures, partner with experienced operators in the most prolific basins, leverage real-time data and analytics, and build a diversified asset base that generates attractive returns.”