Houston Chronicle Black Stone Minerals said it will cut its quarterly payouts to investors by almost 20 percent because of falling oil and gas prices. In another sign of the weakening energy sector, the Houston oil and gas royalties firm will reduce its distributions to 30 cents per unit from 37 cents. This is the first time Black Stone has
Black Stone Minerals, L.P. (NYSE: BSM) Company Overview Since 1876, Black Stone Minerals has evolved from a small, family-owned East Texas lumber company into one of the largest owners of oil and natural gas mineral interests in the continental United States. Its interests include approximately 20 million gross acres in over 40 states and throughout every major producing basin. In
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) today announces that Jeff Wood has been appointed as President of the Partnership in addition to his current role as Chief Financial Officer. Thomas L. Carter, Jr. will continue as Black Stone Minerals’ Chief Executive Officer and Chairman. “Jeff brings over 20 years of relevant leadership
Black Stone Minerals: 9% of all U.S. lower-48 permits filed in the past 12 months were on Black Stone acreage At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Black Stone Minerals (ticker: BSM) Senior Vice President & CFO Jeff Wood. Black Stone is one of the largest oil
Black Stone Minerals Breakout Notes Jeff Wood, senior VP and CFO of Black Stone Minerals, LP., (ticker: BSM) presented today at EnerCom’s The Oil & Gas Conference® 22. Black Stone Minerals is a mineral and royalty interest company focused on owning and leasing acreage to oil and gas operators. The company has over 18 million mineral and royalty acres across
Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of
Black Stone Minerals (ticker: BSM) holds approximately 18 million mineral and royalty acres across 60 producing basins and 40 states, all for the purpose of leasing attractive acreage positions to E&P companies. Black Stone Minerals maintains an attractive business model in that it lacks operating expenses and drilling capital costs. The company expects that its positions in the Haynesville/Bossier play
Black Stone Minerals is on track to maintain 9% CAGR for its common units Increasing distribution to stockholders and unitholders has become difficult over the course of the downcycle. Low commodity prices stymied growth, reducing cash flow for companies and stressing company balance sheets. Despite that, some companies, like Black Stone Minerals (ticker: BSM) have been able to continue to
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