Black Stone Minerals

Rank#3998

Market Cap3.19B

CountryUnited States

Summary

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.

History

Black Stone Minerals was founded in 1996 when Bethlehem Steel Corporation decided to sell their large mineral and royalty assets. The resulting portfolio of over 14 million acres included more than 1.9 million net mineral acres and over 13 million acres of royalty estates. Black Stone Minerals has grown significantly since its 1996 founding and now has a diversified footprint throughout the United States.

Mission

Black Stone Minerals mission is to be the premier mineral and royalty owner in the United States. Our commitment to excellence, asset management, and innovation guides our team as we strive to unlock the maximum value of our properties, while delivering the highest quality customer service.

Vision

At Black Stone Minerals, our vision is to be the most trusted and respected mineral and royalty owner in the United States. We strive to acquire, manage, and best utilize our mineral and royalty assets and remain committed to maximizing the value of our portfolio.

References

https://en.wikipedia.org/wiki/Black_Stone_Minerals

https://in.investing.com/equities/black-stone-minerals

https://finance.yahoo.com/quote/BSM/profile?p=BSM

https://www.comparably.com/companies/stone/mission

https://www.crunchbase.com/organization/black-stone-minerals#:~:text=Since%201876%2C%20Black%20Stone%20Minerals,in%20the%20continental%20United%20States.&text=deliver%20long%2Dterm%20growth%20and%20returns%20for%20their%20unitholders.

https://sec.report/CIK/0001621434

https://companiesmarketcap.com/

https://www.blackstoneminerals.com

Leadership team

Mr. Thomas L. Carter Jr. (Chairman & CEO of Black Stone Minerals GP L.L.C)

Mr. Jeffrey P. Wood (Pres & CFO of Black Stone Minerals GP LLC)