Black Stone Minerals Company, L.P., a privately owned Delaware limited partnership located in Houston, Texas, is one of the largest private fee mineral and royalty owners in the U.S. Black Stone owns or controls interests, either directly or through institutionally supported partnerships, in more than 18,000 wells and approximately 14.1 million gross fee mineral acres across 40 states in every major producing basin. In addition, we own other royalty interests in approximately 2.7 million acres. The company and our partnersâ€™ primary operations include leasing minerals to exploration and production companies and acquiring additional properties for future leasing and development.
As one of the largest private mineral owners, Black Stone provides exploration companies with an extensive acreage inventory from which to generate prospects. Since 1999, Black Stone has conducted the steady and methodical aggregation of fee minerals, royalties, overriding royalty interests and non-operated working interests.
Since 1999 we have completed 22 acquisitions totaling $930 million with interests in 13.7 million gross acres. These acquisitions resulted in the control of large blocks of contiguous acreage throughout the country, providing operators with a â€œone-stop shopâ€� to search for new opportunities. In addition, our in-house geological and geophysical team uses our extensive seismic library to assist E&P companies in the identification of emerging plays and potential drilling locations. Our land department quickly negotiates leases on fair terms to get the minerals â€œin play.â€� Because we do not operate, we do not compete for reserves with our lessees like traditional E&P companies do.
Black Stoneâ€™s partnerships give investors the opportunity to invest in alternative assets. They benefit from the years of experience that our management team and employees have in the industry. As both the general partner and the largest limited partner in each of our funds, we have a significant stake in the success of our investors. Since we started our acquisition program in 1999, Black Stone has generated superior returns by actively managing and effectively leasing our minerals and making accretive acquisitions. – less–ZoomInfo