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Black Stone Minerals L p   (BSM)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $15.0700 $-0.16 -1.051%
Day's High: $15.355 Week Perf: -2.59 %
Day's Low: $ 15.05 30 Day Perf: -8.11 %
Volume (M): 651 52 Wk High: $ 18.55
Volume (M$): $ 9,808 52 Wk Avg: $16.47
Open: $15.35 52 Wk Low: $13.41



 Market Capitalization (Millions $) 6,324
 Shares Outstanding (Millions) 420
 Employees 7
 Revenues (TTM) (Millions $) 592
 Net Income (TTM) (Millions $) 823
 Cash Flow (TTM) (Millions $) 66
 Capital Exp. (TTM) (Millions $) 19

Black Stone Minerals L P

We are one of the largest owners of oil and natural gas mineral interests in the United States. Our principal business is maximizing the value of our existing portfolio of mineral and royalty assets through active management and expanding our asset base through acquisitions of additional mineral and royalty interests. We maximize value through marketing our mineral assets for lease, creatively structuring terms on those leases to encourage and accelerate drilling activity, and selectively participating alongside our lessees on a working-interest basis in low-risk development-drilling opportunities on our interests. Our primary business objective is to grow our reserves, production, and cash generated from operations over the long term, while paying, to the extent practicable, a growing quarterly distribution to our unitholders.

We own mineral interests in approximately 15.5 million acres, with an average 45.7% ownership interest in that acreage. We also own nonparticipating royalty interests in 1.5 million acres and overriding royalty interests in 1.5 million acres. These non-cost-bearing interests, which we refer to collectively as our “mineral and royalty interests,” include ownership in approximately 50,000 producing wells. Our mineral and royalty interests are 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 in the Williston Basin, the Eagle Ford Shale in South Texas, the Wolfcamp/Spraberry/Bone Spring in the Permian Basin, the Niobrara/Codell Shales in the DJ basin, the Haynesville/Bossier Shales in East Texas/Western Louisiana, and the Fayetteville Shale in the Arkoma Basin, as well as emerging plays such as the Lower Wilcox play in East Texas and the Canyon Lime play in the Texas Panhandle. The combination of the breadth of our asset base and the long-lived, non-cost-bearing nature of our mineral and royalty interests exposes us to potential additional production and reserves from new and existing plays without investing additional capital.

Mineral interests are real-property interests that are typically perpetual and grant ownership of the oil and natural gas under a tract of land and the rights to explore for, drill for, and produce oil and natural gas on that land or to lease those exploration and development rights to a third party. When those rights are leased, usually for a three-year term, we typically receive an upfront cash payment, known as lease bonus, and we retain a mineral royalty, which entitles us to a cost-free percentage (usually ranging from 20% to 25%) of production or revenue from production. A lessee can extend the lease beyond the initial lease term with continuous drilling, production, or other operating activities. When production or drilling ceases, the lease terminates, allowing us to lease the exploration and development rights to another party. Mineral interests generate the substantial majority of our revenue and are also the assets that we have the most influence over.

In addition to mineral interests, we also own other types of non-cost-bearing royalty interests, which include:

nonparticipating royalty interests (“NPRIs”), which are royalty interests that are carved out of the mineral estate and represent the right, which is typically perpetual, to receive a fixed, cost-free percentage of production or revenue from production, without an associated right to lease or receive lease bonus; and

overriding royalty interests (“ORRIs”), which are royalty interests that burden working interests and represent the right to receive a fixed, cost-free percentage of production or revenue from production from a lease. ORRIs remain in effect until the associated leases expire.



   Company Address: 1001 Fannin Street, Suite 2020 Houston 77002 TX
   Company Phone Number: 445-3200   Stock Exchange / Ticker: NYSE BSM
   


Customers Net Income fell by BSM's Customers Net Profit Margin fell to

-33.54 %

2.95 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



Dividend

Black Stone Minerals, L.P. Maintains Distribution and Shows Promising Performance in Q4 2023

Published Wed, Jan 31 2024 11:00 PM UTC


Black Stone Minerals, L.P. recently declared a distribution for the fourth quarter of 2023, and announced the date for its earnings call to discuss its fourth quarter and year-end results. The Board of Directors approved a cash distribution of $0.475 per unit for common units. These developments have had a positive impact on the company's shares, which have shown an inc...

Business Update

Black Stone Minerals' Revenue Decline and Market Challenges: Navigating Uncertain Territory.

Published Fri, Dec 22 2023 10:30 PM UTC

Black Stone Minerals, L.P. (BSM), an energy company based in Houston, recently received notice that Aethon Energy (Aethon) would be exercising the time-out provisions under their joint exploration agreements in East Texas. These provisions allow Aethon to temporarily suspend drilling obligations when natural gas prices fall below specified thresholds. Simultaneously, BSM's c...

Dividend

Black Stone Minerals Declares Strong Third Quarter 2023 Distribution, Set to Enhance Shareholder Value

Published Wed, Oct 18 2023 10:30 PM UTC

Black Stone Minerals Declares Third Quarter 2023 Distribution
Houston, TX - Black Stone Minerals, L.P. (NYSE: BSM), a leading oil and gas mineral rights company, announced today the distribution attributable to the third quarter of 2023. In addition, the Partnership disclosed the date for its third quarter earnings call, providing insight into the financial performance a...






 

Black Stone Minerals L P's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Black Stone Minerals L P does not provide revenue guidance.

Earnings Outlook
Black Stone Minerals L p does not provide earnings estimates.

 
Geographic Revenue Dispersion




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