Black Stone Minerals

Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.

Black Stone Minerals, L.P.
TypeLimited Partnership
Nasdaq: BSM
IndustryOil and natural gas
Founded1876[1]
Headquarters1001 Fannin Street[1],
Houston, Texas
,
US
Key people
Thomas L. Carter, Jr. (President, Chairman, & CEO)
RevenueDecreaseUS$ 260.83 million[2] (2016)
IncreaseUS$ 27.50 million[2] (2016)
IncreaseUS$ 20.19 million[2] (2016)
Total assetsIncreaseUS$ 1.13 billion[2] (2016)
Total equityDecreaseUS$ 671.65 million[2] (2016)
Number of employees
108[2] (2016)
Websiteblackstoneminerals.com

History

The company was founded as W.T. Carter & Bro., a lumber company, in 1876.[1][3]

The company discovered the Double A Wells Field in East Texas in 1985.[3] It began drilling oil in the late 1980s.[3] By 1992, it acquired the land rights of the Kirby Lumber Company, founded by John Henry Kirby.[3] Four years later, in 1996, it divested from its holdings in the Double A Wells Field.[3]

According to Bloomberg Business, by 2014 it owned millions of acres of interests in the "Bakken/Three Forks plays, Eagle Ford Shale, Wolfcamp play, Haynesville/Bossier plays, Granite Wash play, and Fayetteville Shale, as well as in the Tuscaloosa Marine Shale and the Canyon Lime play located in 41 states and in 62 onshore basins in the continental United States."[1]

It has been traded on the NASDAQ since 2015.[3][4]

References
  1. "Black Stone Minerals". Bloomberg Business. Retrieved October 24, 2015.
  2. "US SEC: Form 10-K Black Stone Minerals, L.P." United States Securities and Exchange Commission. Retrieved January 10, 2017.
  3. "About Us: Our History". Black Stone Minerals. Retrieved October 24, 2015.
  4. "BLACK STONE MINERALS, L.P. (BSM) IPO". NASDAQ. Retrieved October 24, 2015.


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