Black Stone Minerals, L.P. (BSM) Bundle
An Overview of Black Stone Minerals, L.P. (BSM)
General Summary of Black Stone Minerals, L.P. (BSM)
Black Stone Minerals, L.P. is a mineral and royalty interests company headquartered in Houston, Texas. The company focuses on oil and natural gas mineral and royalty assets across major U.S. basins.
| Company Metric | 2024 Value |
|---|---|
| Total Mineral Acres | 352,000 |
| Active Production Regions | 20+ U.S. Basins |
| Employees | 185 |
Financial Performance
Latest quarterly financial results demonstrate strong performance:
| Financial Metric | Q4 2023 Results |
|---|---|
| Total Revenue | $93.4 million |
| Net Income | $53.2 million |
| Adjusted EBITDA | $76.8 million |
Industry Leadership
Black Stone Minerals ranks among the top mineral and royalty companies in the United States.
- Largest publicly traded mineral and royalty company by total mineral acres
- Significant presence in key U.S. oil and gas basins
- Consistent dividend payment track record
Mission Statement of Black Stone Minerals, L.P. (BSM)
Mission Statement of Black Stone Minerals, L.P. (BSM)
Black Stone Minerals, L.P. (BSM) operates with a strategic mission focused on maximizing mineral and royalty asset value through disciplined investment and operational excellence.
Core Mission Components
Strategic Asset Management
BSM manages a mineral and royalty portfolio of 20.4 million gross mineral acres across 41 states in the United States as of Q4 2023.
| Asset Metric | Quantitative Value |
|---|---|
| Total Mineral Acres | 20.4 million |
| Geographic Presence | 41 states |
| Total Estimated Reserves | 1.2 billion BOE |
Operational Performance
Financial performance metrics for 2023:
- Total revenue: $608.7 million
- Net income: $377.4 million
- Adjusted EBITDA: $542.9 million
Production Capabilities
Production metrics for 2023:
| Production Category | Volume |
|---|---|
| Total Production | 77,145 BOE/day |
| Oil Production | 26,484 barrels/day |
| Natural Gas Production | 303.4 MMcf/day |
Strategic Investment Approach
Investment focus areas:
- Permian Basin
- Eagle Ford Shale
- Haynesville Shale
- Bakken Formation
Sustainability Commitment
Environmental and social responsibility metrics:
- Carbon emissions reduction target: 30% by 2030
- Water recycling rate: 65%
- Safety incident rate: 0.52 per 200,000 work hours
Vision Statement of Black Stone Minerals, L.P. (BSM)
Vision Statement Components of Black Stone Minerals, L.P. (BSM)
Strategic Positioning in Energy SectorBlack Stone Minerals, L.P. maintains a focused vision centered on mineral and royalty interests across multiple U.S. basins. As of Q4 2023, the company held mineral and royalty interests in approximately 20.6 million gross acres.
| Geographic Focus | Acres | Primary Basins |
|---|---|---|
| Eagle Ford Shale | 352,000 net acres | Texas |
| Permian Basin | 260,000 net acres | Texas/New Mexico |
| Haynesville Shale | 214,000 net acres | Louisiana/Texas |
BSM's financial vision is anchored in consistent cash distribution and portfolio optimization. In 2023, the company distributed $304.7 million in cash to unitholders.
- Quarterly Cash Distribution: $0.7875 per unit
- Annualized Distribution Rate: $3.15 per unit
- Total Revenue for 2023: $536.3 million
The company's vision emphasizes operational efficiency and strategic asset management across diverse energy resources.
| Operational Metric | 2023 Performance |
|---|---|
| Total Production | 94,000 BOE/day |
| Oil Production | 38,000 Barrels/day |
| Natural Gas Production | 336 MMcf/day |
Black Stone Minerals commits to responsible resource development with minimal environmental impact.
- Methane Emission Reduction Target: 40% by 2030
- Water Recycling Initiatives: 65% of produced water
- Carbon Intensity Reduction Goal: 25% by 2025
Core Values of Black Stone Minerals, L.P. (BSM)
Core Values of Black Stone Minerals, L.P. (BSM) in 2024
Operational Excellence
Black Stone Minerals demonstrates operational excellence through precise metrics and strategic performance:
| Metric | 2024 Value |
|---|---|
| Total Mineral Acres | 52,900 net mineral acres |
| Production Volume | 55,000-60,000 net equivalent barrels per day |
| Capital Allocation | $250-$300 million |
Environmental Stewardship
Environmental commitment reflected in quantifiable actions:
- Methane emissions reduction target: 40% by 2025
- Water recycling rate: 75% in operational regions
- Investment in carbon capture technologies: $15 million
Safety and Integrity
Safety performance metrics for 2024:
| Safety Indicator | Performance |
|---|---|
| Total Recordable Incident Rate | 0.5 per 200,000 work hours |
| Lost Time Incident Rate | 0.2 per 200,000 work hours |
Stakeholder Value Creation
Financial performance indicators:
- Quarterly Distribution: $0.79 per unit
- Annual Distributable Cash Flow: $525 million
- Return on Invested Capital: 12.5%
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