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.

Related Articles

TransAtlantic to acquire concessions in Poland

03/28/2014 TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PL...

Petsec Energy buys block interest in Yemen

03/28/2014 Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.2...

Total, InterOil close Papua New Guinea deal

03/26/2014 InterOil and Total SA have finalized a revised sales and purchase agreement for the Elk-Antelope gas-condensate field in petroleum retention licenc...

Gorder named Valero chief executive officer


Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected