Black Stone Minerals, L.P. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 03:33 am IST
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Black Stone Minerals, L.P. reported production results for the third quarter and nine months ended September 30, 2023. For the quarter, the company reported Production of Oil and condensate was 1,092 MBbls against 844 MBbls reported a year ago. Natural gas of 16,980 MMcf against 16,994 MMcf reported a year ago.
For the nine months, the company reported Production of Oil and condensate was 2,731 MBbls against 2,574 MBbls reported a year ago. Natural gas of 48,101 MMcf against 42,648 MMcf reported a year ago.
Black Stone Minerals, L.P. is an owner and manager of oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 16.8 million gross acres. It also owns nonparticipating royalty interests (NPRIs) in 1.8 million gross acres and overriding royalty interests (ORRIs) in 1.6 million gross acres. The Company owns mineral and royalty interests in 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Springs in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.