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Black Stone Minerals (BSM) Company Profile

Updated Dec 2, 2019
Black Stone Minerals has the following business profile:
Company's Full Name:Black Stone Minerals, L.P.
Short Name:Black Stone Minerals
Trading Ticker Symbol:BSM
Primary Exchange:NYSE
Headquarter City/Country:Texas, TX
Primary Industry Sector:Energy
Seconday Sub-sector:Oil and Gas Production
Main Business Areas: Energy, Oil and Gas Production, Oil & Gas E&P
Dividend Payments:Dividend History

Market and Trading Information for Black Stone Minerals

The following details were available for trading and market data about the stock of Black Stone Minerals as of writing:
Current Share Price:$11.72
Previous Year's Closing Price:$15.48
Percentage Price Change (YTD):-24.29%
Market Cap:$3.54 billion
52-week Price Range:$11.25 - $18.77
Dividend Per Share:$1.48
EPS (TTM):1.53
Price-Earnings (Trailing):7.67
Price-Earnings (Forward):11.96

Company Profile and Business Description for Black Stone Minerals

Black Stone Minerals, L.P., incorporated on September 16, 2014, is an owner of oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. As of December 31, 2016, it owned mineral interests in approximately 15.5 million acres, with an average 45.7% ownership interest in that acreage. As of December 31, 2016, it also owned nonparticipating royalty interests in 1.5 million acres and overriding royalty interests in 1.5 million acres. As of December 31, 2016, these non-cost-bearing interests, which it referred to collectively as its mineral and royalty interests, included ownership in 50,000 producing wells. As of December 31, 2016, its mineral and royalty interests were located in 41 states and in 64 onshore basins in the continental United States. Many of these interests are in active resource plays, including the Bakken/Three Forks, Eagle Ford Shale, Wolfcamp, Haynesville/Bossier, and Fayetteville Shale plays, as well as emerging plays, such as the Lower Wilcox and Canyon Lime plays.

The Company's mineral interests include Louisiana-Mississippi Salt Basins, Western Gulf (onshore), Williston Basin, Williston Basin and Eastern Great Basin. Its nonparticipating royalty interests include Permian Basin, Western Gulf (onshore), North-Central Montana, Louisiana-Mississippi Salt Basins and Bend Arch-Fort Worth Basin. Its overriding royalty interests include North-Central Montana, Anadarko Basin, Permian Basin, Western Gulf (onshore) and Powder River Basin.

Louisiana-Mississippi Salt Basins

The Louisiana-Mississippi Salt Basins region ranges from northern Louisiana and southern Arkansas through south central and southern Mississippi, southern Alabama and the Florida Panhandle. The Haynesville/Bossier plays, which have been delineated through drilling, are the unconventional plays for natural gas production and reserves within this region. Approximately half of the Haynesville/Bossier plays' prospective acreage is within the Louisiana-Mississippi Salt Basins region, where the Company owns mineral and royalty interests and working interests. There are a number of additional active conventional and unconventional plays in the basins, in which it holds considerable mineral and royalty interests, including the Brown Dense, Cotton Valley, Hosston, Norphlet, Smackover, Tuscaloosa Marine Shale, and Wilcox plays.

Western Gulf (onshore)

The Western Gulf region, which ranges from South Texas through southeastern Louisiana, includes a variety of both conventional and unconventional plays. The Company has exposure to the Eagle Ford Shale in South Texas, where it is experiencing a level of development drilling on its mineral interests within the oil and rich-gas and condensate areas of the play. In addition to the Eagle Ford Shale play, there are a number of other active conventional and unconventional plays, to which it has exposure to in the region, including the Austin Chalk, Buda, Eaglebine (or Maness) Shale, Frio, Glenrose, Olmos, Woodbine, Vicksburg, Wilcox, and Yegua plays.

Williston Basin

The Williston Basin stretches through all of North Dakota, the northwest part of South Dakota, and eastern Montana and includes plays, such as the Bakken/Three Forks plays, where it has exposure through its mineral and royalty interests, as well as through its working interests. It is also exposed to other plays in the basin, including the Duperow, Mission Canyon, Madison, Ratcliff, Red River, and Spearfish plays.

Palo Duro Basin

The Palo Duro Basin covers much of the Texas Panhandle but also occupies a small portion of the Oklahoma Panhandle and extends partially into New Mexico to the west. The Company has an acreage position in the Palo Duro Basin, much of which underlies an unconventional oil play in the Canyon Lime. It is also well positioned relative to a number of other active conventional and unconventional plays in the Palo Duro Basin, including the Brown Dolomite, Canyon Wash, Cisco Sand, and Strawn Wash plays.

Permian Basin

The Permian Basin ranges from southeastern New Mexico into West Texas and is active areas for drilling in the United States. It includes three geologic provinces, including the Midland Basin to the east, the Delaware Basin to the west, and the Central Basin in between. Its acreage underlies prospective areas for the Wolfcamp play in the Midland and Delaware Basins, the Spraberry formation in the Midland Basin, and the Bone Springs formation in the Delaware Basin, which are among the plays actively targeted by drillers within the basin. In addition to these plays, it owns mineral and royalty interests that are prospective for a number of other active conventional and unconventional plays in the Permian Basin, including the Atoka, Clearfork, Ellenberger, San Andres, Strawn, and Wichita Albany plays.

Anadarko Basin

The Anadarko Basin encompasses the Texas Panhandle, southeastern Colorado, southwestern Kansas and western Oklahoma. It owns mineral and royalty interests, as well as working interests in prospective areas for most of the prolific plays in this basin, including the Granite Wash, Atoka, Cleveland, and Woodford Shale plays. Other active plays in which it holds interests in prospective acreage include the Cottage Grove, Hogshooter, Marmaton, Springer and Tonkawa plays.

Appalachian Basin

The Appalachian Basin covers most of Pennsylvania, eastern Ohio, West Virginia, western Maryland, eastern Kentucky, central Tennessee, western Virginia, northwestern Georgia, and northern Alabama. The basin's most active plays in which it has acreage are the Marcellus Shale and Utica plays, which cover most of western Pennsylvania, northern West Virginia, and eastern Ohio. In addition to the Marcellus Shale, there are a number of other active conventional and unconventional plays to which it has material exposure in the Appalachian Basin, including the Berea, Big Injun, Devonian, Huron, Rhinestreet and Utica plays.

East Texas Basin

The East Texas Basin ranges from central East Texas to northeast Texas and includes the Haynesville/Bossier plays and the Cotton Valley play, which are among the most prolific natural gas plays in the basin. The Company owns a material acreage position in the Shelby Trough area of the Haynesville/Bossier plays located in San Augustine and Nacogdoches Counties, which is an active area being drilled for that play in the East Texas Basin. There are other active plays to which it has exposure, including the Bossier Sand, Goodland Lime, James Lime, Pettit, Travis Peak, Smackover and Woodbine plays.

Arkoma Basin

The Arkoma Basin stretches from southeast Oklahoma through central Arkansas. The Fayetteville Shale play is an unconventional natural gas plays. It owns material mineral and royalty interests within the prospective area of the Fayetteville Shale. In addition, it has exposure to a number of other active conventional and unconventional plays in the basin, including the Atoka, Cromwell, Dunn, Hale and Woodford Shale plays.

Bend Arch-Fort Worth Basin

The Bend Arch-Fort Worth Basin covers much of north central Texas and includes the Barnett Shale play as its most active unconventional play. Through its mineral and royalty interests in this basin, it has exposure to the Barnett Shale, as well as a number of other active conventional and unconventional plays in the basin, including the Bend Conglomerate, Caddo, Marble Falls and Mississippian Lime plays.

Southwestern Wyoming

The Southwestern Wyoming region covers most of southern and western Wyoming. The Pinedale Anticline is producing fields and mainly produces from the Lance formation. It has a position in the Pinedale Anticline, and interests prospective for other active plays as well, including the Mesaverde, Niobrara, and Wasatch plays.

1001 Fannin St Ste 2020

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