Black Stone Minerals, L.P. Announces $340 Million Acquisition of Mineral and Royalty Interests and Private Placement of Cumulative Convertible Preferred Units
Black Stone Minerals, L.P. Common units representing limited partner interests (BSM)
NASDAQ:AMEX Investor Relations:
investor.blackstoneminerals.com
Company Research
Source: Business Wire
Completes New Farmout Arrangement That Further Supports Development Activity in East Texas; Schedules Conference Call for 10:30 Central Time Today HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE:BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) announces it has entered into a definitive agreement to acquire a diverse set of mineral and royalty assets for $340 million, to be funded primarily by the private placement of newly issued Series B Cumulative Convertible Preferred Units to an affiliate of The Carlyle Group. Black Stone also announces it has entered into a farmout agreement that covers substantially all of the Partnership's remaining working interests in the Shelby Trough area of East Texas targeting the Haynesville and Bossier shales for the next several years. Management Commentary Thomas L. Carter, Jr., Black Stone Minerals’ President, Chief
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BSM
Earnings
- 2/19/24 - Beat
BSM
Sec Filings
- 4/15/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- BSM's page on the SEC website