Granite Ridge Resources Extends Management Services Agreement and Increases Service Fee
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Granite Ridge Resources Inc. has amended its Management Services Agreement with Grey Rock Administration, LLC, extending the term to April 30, 2031, and increasing the service fee from $10 million to $11.75 million, with potential adjustments up to $12.50 million. Additionally, Granite Ridge Ventures, LLC has entered a power capacity commitment with Conduit Bravo LLC, documented under an ISDA 2002 Master Agreement.
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