Black Stone Minerals, L.P. maximizes the value of its extensive portfolio of mineral and royalty assets through active management and strategic acquisitions. The company's geographic footprint spans approximately 20 million gross acres, including positions in major active resource plays such as the Haynesville/Bossier, Permian, Bakken/Three Forks, and Eagle Ford Shale. It generates revenue primarily by leasing its mineral rights to exploration and production companies, receiving upfront lease bonuses and ongoing royalties on oil, natural gas, and natural gas liquids (NGLs) production. While its core focus is on non-cost-bearing royalty interests, the company also selectively participates alongside its lessees on a working-interest basis in low-risk development opportunities. By partnering with operating companies that conduct the drilling, Black Stone Minerals maintains a diversified asset base that provides exposure to upstream energy markets with lower operational risk.
