Black Stone Minerals, L.P. (BSM)

Black Stone Minerals, L.P., based in Houston, Texas, owns and manages mineral interests in the U.S. oil and natural gas industry through its subsidiaries. Its roots go back to 1876. It holds mineral rights on about 16.8 million gross acres, plus nonparticipating royalty interests on 1.8 million gross acres and overriding royalty interests on 1.7 million gross acres, across 41 states.

As of December 31, 2021, it reported estimated proved reserves of 59,824 barrels of oil equivalent. The partnership aims to get the most value from its mineral holdings through careful management and investment, with the goal of steady returns for its unitholders.

With more than a century of history, it continues to look for ways to grow its asset base. It also states a commitment to responsible development of natural resources across the U.S. regions where it holds interests.