Granite Ridge receives takeover bid from Northern Oil and Gas, Reuters reports

Northern Oil and Gas (NOG) has made an acquisition offer for Granite Ridge Resources (GRNT), people familiar with the matter told Reuters’ David French. Northern has submitted at least two offers for Granite Ridge, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to the sources, who add that the latest bid, made in recent weeks, was at a roughly 20% premium to the target’s share price.