Granite Ridge Resources Inc. announced an amendment to its existing Management Services Agreement with Grey Rock Administration, LLC, extending the initial term from April 30, 2028, to April 30, 2031. The amendment also increases the services fee from $10.0 million to $11.75 million, with annual CPI-based adjustments beginning January 1, 2027, and grants management the authority to raise the fee up to a maximum of $12.50 million. In addition, Granite Ridge Ventures, LLC, a wholly owned subsidiary, entered into a power capacity commitment arrangement with Conduit Bravo LLC. The transaction is documented under an ISDA 2002 Master Agreement and related documents.
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