Black Stone Minerals buys Midcontinent acres

By OGJ editors
HOUSTON, Feb. 2 -- Black Stone Minerals Co. LP, private Houston concern, acquired from an undisclosed private company for $150 million working interests in more than 5,700 wells throughout Oklahoma, Texas, Louisiana, New Mexico, and other states.

Several of Black Stone's investment affiliates, including Black Stone Acquisition Partners III LP, joined in the acquisition, which closed Jan. 9.

Black Stone said the acquired interests produce 25 MMcfd from proved reserves of 88.9 bcfe and contain as many as 1,700 probable and possible locations for development drilling.

Black Stone Minerals, one of the largest private fee mineral and royalty owners in the US, owns or controls interests in more than 23,000 wells and almost 17 million gross acres in 40 states and in every major onshore producing basin.

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