Black Stone Minerals
Black Stone Minerals, listed on the NYSE under the ticker symbol BSM, is the largest publicly traded mineral and royalty company in the United States, with over 20 million acres of mineral rights across more than 40 states and 60 productive basins.
Company Overview
Black Stone Minerals is a publicly traded company listed on the NYSE under the ticker symbol BSM. Headquartered in Houston, Texas, the company manages over 20 million acres of mineral rights across more than 40 states and 60 productive basins. Since going public in 2015, Black Stone Minerals has grown to become the largest publicly traded mineral and royalty company in the United States. It provides an interactive property map and shapefile downloads for mapping software to track asset locations.
Mineral Rights and Leasing
Black Stone Minerals engages in the acquisitions and leasing of mineral rights. The company focuses on creating long-term value through active management and technical expertise. It offers mineral leasing opportunities featuring fair lease terms and flexibility in negotiations. Potential lessees are provided with existing seismic and other data, with an in-house technical team available to review seismic data and generate prospects. The company also employs skilled engineering and geo-technical staff to evaluate potential acquisition targets.
Investor Relations
Black Stone Minerals manages investor relations through a dedicated section on their website, providing various resources including presentations, SEC filings, tax information, and Schedule K-1 packages for common units. The company hosts earnings conference calls and participates in investor relations events to communicate with its investors. Their diversified mineral acreage position is backed by over $2 billion invested in acquisitions since 1992.
Major Acquisitions
In 2017, Black Stone Minerals acquired mineral and royalty assets from Noble Energy for $335 million, significantly expanding their portfolio. This acquisition is part of the company's strategy to invest heavily in valuable assets, with total investments surpassing $2 billion since 1992. These acquisitions contribute to the company's robust asset base and long-term growth objectives.
Technical Expertise
Black Stone Minerals maintains an in-house technical team to actively manage its assets. This team includes skilled engineering and geo-technical staff who evaluate potential acquisition targets and review seismic data to generate prospects. The company provides interactive property maps and seismic data to potential lessees, ensuring an informed and efficient leasing process. This technical expertise underpins Black Stone Minerals’ strategy to maximize the value of its mineral rights.