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Black Stone Minerals, L.P.

Company Summary

Description

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Partnership owns mineral interests and royalty interests in over 40 states and 60 onshore basins in the continental United States. The Partnership also owns and selectively participates as a non-operating working partner in established development programs, primarily on its mineral and royalty holdings. The Partnership expects that its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests will result in production and reserve growth, as well as increasing quarterly distributions to its unitholders.

Website

http://www.blackstoneminerals.com/

Financial Data:

NYSE:BSM from Google Finance

Tickers:

  • BSM - New York Stock Exchange

Recent news

  • 5/4/2021 - Black Stone Minerals... (subscriber access)
  • 5/4/2021 - Black Stone Minerals... (subscriber access)
  • 5/4/2021 - Black Stone Minerals... (subscriber access)
  • 5/4/2021 - Black Stone Minerals... (subscriber access)
  • 7/28/2020 - Black Stone Minerals... (subscriber access)

Investor Presentations

  • MLP & Infrastructure Conference Presentation
  • 3Q18 Investor Presentation (subscriber access)
  • UBS Midstream & MLP Conference - January 2018 (subscriber access)
  • August 2017 Enercom Conference Presentation (subscriber access)
  • Enercom Conference March 2017 (subscriber access)
  • UBS Conference - January 2017 (subscriber access)
  • BoA Merrill Lynch 2016 Global Energy Conference - November 2016 (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • Morgan Stanley Wealth Mgmt - June 2016 (subscriber access)
  • Black Stone Minerals, L.P.- 2015 Annual Report (subscriber access)

Company Transactions

Date: 6/30/2021
Type: Acquisition

BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 20.7 $MM

    NOTES:
    In May 2021, Black Stone Minerals entered into a deal to acquire $20.7 million in mineral and royalty acreage in the Northern Midland Basin. The deal will close in 2Q21 and they funded it with $10 million in cash and $10.7 million in common units.
    REGIONS:
  • Midland Basin

    • Date: 7/4/2020
    Type: Acquisition

    BUYERS:
  • Pegasus Resources, LLC
  • EnCap Investments L.P.
    • SELLERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 100 $MM

    NOTES:
    The sale is a 57% undivided interest across their Delaware Basin Position and a 37% undivided interest across the Midland Basin. Pegasus Resources, an EnCap portfolio firm, will buy that stake for $100 million and closing will occur July 2020.
    REGIONS:
  • Delaware Basin
  • Midland Basin

    • Date: 7/4/2020
    Type: Acquisition

    SELLERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 55 $MM

    NOTES:
    The deal is worth $55 million and includes assets in Midland County, Texas, with closing planned for July of 2020.
    REGIONS:
  • Midland Basin

    • Date: 9/30/2018
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 73.5 $MM

    NOTES:
    Black Stone Minerals reported that during the third quarter of 2018 they acquired $73.5 million in new assets, of which $22.5 million was acquired via the issuance of common units to sellers. 60% of the purchases were centered around the Permian Basin, followed East Texas assets.
    REGIONS:
  • Permian Basin
  • East Texas/Louisiana

    • Date: 6/30/2018
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 14.6 $MM

    NOTES:
    Black Stone Minerals reported that during the second quarter of 2018 they acquired $26.5 million in properties. This included a mineral package for $14.6 million located in the Midland and Delaware Basins.
    REGIONS:
  • Midland Basin
  • Delaware Basin

    • Date: 6/30/2018
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 11.9 $MM

    NOTES:
    Black Stone Minerals reported that during the second quarter of 2018 they acquired $26.5 million in properties. This included $11.9 million spent on Shelby Trough assets in East Texas.
    REGIONS:
  • East Texas/Louisiana

    • Date: 11/28/2017
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • SELLERS:
  • Noble Energy, Inc.
    • DETAILS:

    COST: 340 $MM

    VOLUMES: 2.6 MBOE/d

    NOTES:
    The assets include 140,000 net mineral acres, 380,000 acres of non-participating royalty interests and 600,000 acres of overriding royalty interests spread over 20 states.
    REGIONS:
  • United States
  • Permian Basin
  • Delaware Basin
  • Midland Basin
  • Powder River Basin
  • SCOOP

    • Date: 10/30/2017
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 36.3 $MM

    NOTES:
    Black Stone Minerals reported that during the third quarter of 2017 they focused on acquisitions in the Haynesville/Bossier Shale of East Texas.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 7/5/2017
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • SELLERS:
  • Angelina County Lumber Company
    • DETAILS:

    COST: 4.8 $MM

    ACRES: 74000 Acres

    NOTES:
    Black Stone acquired approximately 138,000 gross (74,000 net) acres, including approximately 18,000 net acres in the Shelby Trough, in exchange for approximately 2.9 million common units and $4.8 million in cash.
    REGIONS:
  • East Texas/Louisiana

    • Date: 4/22/2016
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • SELLERS:
  • Freeport McMoRan Oil & Gas
    • DETAILS:

    COST: 102 $MM

    VOLUMES: 850 BOE/d

    ACRES: 126000 Acres

    REGIONS:
  • Permian Basin

    • Date: 3/30/2016
    Type: Acquisition

    BUYERS:
  • Black Stone Minerals, L.P.
    • DETAILS:

    COST: 35 $MM

    VOLUMES: 700 BOE/d

    ACRES: 4800 Acres

    REGIONS:
  • Wattenberg Field