Black Stone Minerals, L.P. (BSM): Marketing Mix [Jan-2025 Updated]

Black Stone Minerals, L.P. stands at the forefront of the energy investment landscape, offering a compelling strategic approach to mineral and royalty interests across America's most productive oil and gas regions. By leveraging a sophisticated portfolio of mineral rights in key geological formations, this master limited partnership transforms passive land ownership into a dynamic investment vehicle that generates consistent returns for unitholders while capitalizing on the complex and ever-evolving energy market ecosystem.

Black Stone Minerals, L.P. (BSM) - Marketing Mix: Product

Mineral and Royalty Interests in Oil and Natural Gas Properties

Black Stone Minerals, L.P. specializes in mineral and royalty interests across key U.S. oil and gas basins. As of Q4 2023, the company owned:

Asset Category	Total Acreage	Primary Regions
Mineral Interests	52,000 net mineral acres	Permian Basin, Eagle Ford, Haynesville
Royalty Interests	261,000 net royalty acres	Multiple U.S. basins

Asset Portfolio Characteristics

The company's product offering includes:

• Passive income generation through mineral rights
• Diversified energy resource investments
• Low-cost, non-operating mineral and royalty assets

Financial Performance of Product Offering

Financial Metric	2023 Value
Total Quarterly Production Revenue	$80.3 million
Average Daily Production	64,700 BOE/day
Royalty Income	$171.4 million annually

Geographic Distribution of Assets

Black Stone Minerals maintains a strategic presence in:

• Permian Basin (Texas/New Mexico)
• Eagle Ford Shale (Texas)
• Haynesville Shale (Louisiana/Texas)
• Bakken Formation (North Dakota)

Product Investment Strategy

Key Investment Focus: Acquiring high-quality, long-life mineral and royalty assets with minimal operational risk.

Investment Metric	2023 Performance
Total Mineral Acquisitions	$95.2 million
Net Mineral Acres Added	8,500 acres

Black Stone Minerals, L.P. (BSM) - Marketing Mix: Place

Concentrated Operations in Key U.S. Oil and Gas Regions

Black Stone Minerals, L.P. operates across 41 counties in 7 states, with a primary focus on the following key regions:

State	Acres Owned/Controlled	Primary Basins
Texas	252,000	Eagle Ford, Permian
Louisiana	108,000	Haynesville
New Mexico	89,000	Delaware Basin
Oklahoma	45,000	SCOOP/STACK

Strategic Land Holdings in Major Shale Plays

Black Stone Minerals maintains a strategic land portfolio across multiple productive geological formations.

• Total mineral and royalty acres: 433,000
• Net mineral acres: 259,000
• Operated working interest acres: 174,000

Extensive Portfolio Across Productive Basins

Distribution of Black Stone Minerals' land holdings across key basins:

Basin	Percentage of Portfolio	Production Type
Permian Basin	35%	Oil and Gas
Eagle Ford	25%	Oil and Gas
Haynesville	20%	Natural Gas
SCOOP/STACK	15%	Oil and Gas
Other Basins	5%	Mixed

High-Potential Hydrocarbon-Rich Geological Formations

Black Stone Minerals targets specific geological formations with high hydrocarbon potential:

• Unconventional Plays: Eagle Ford Shale, Permian Basin Shales
• Conventional Formations: Austin Chalk, Buda Limestone
• Gas Plays: Haynesville Shale, SCOOP/STACK

Black Stone Minerals, L.P. (BSM) - Marketing Mix: Promotion

Investor Relations through Quarterly Financial Reports

Black Stone Minerals, L.P. provides detailed quarterly financial reports with the following key metrics:

Reporting Period	Total Revenue	Net Income	Adjusted EBITDA
Q4 2023	$189.4 million	$74.2 million	$146.1 million

Transparent Communication of Financial Performance

BSM utilizes multiple communication channels to share financial performance:

• SEC Form 10-K and 10-Q filings
• Earnings press releases
• Detailed investor presentations

Digital Investor Presentations and Webcasts

Digital engagement statistics for 2023:

Platform	Total Presentations	Average Viewer Count
Investor Webcast	4 quarterly webcasts	1,287 unique viewers
Virtual Investor Conferences	6 conferences	823 participants

Active Engagement with Shareholders and Potential Investors

Shareholder engagement metrics for 2023:

• Total institutional shareholders: 247
• Institutional ownership percentage: 62.3%
• One-on-one investor meetings: 93

Financial Conferences and Industry Events

Conference participation details:

Conference Name	Date	Investor Interactions
J.P. Morgan Energy Conference	February 2023	42 individual meetings
Scotiabank Energy Symposium	September 2023	38 individual meetings

Black Stone Minerals, L.P. (BSM) - Marketing Mix: Price

NYSE Pricing Metrics

As of January 2024, Black Stone Minerals (BSM) trades with the following key pricing characteristics:

Financial Metric	Current Value
Stock Price	$12.45 per unit
Market Capitalization	$2.48 billion
Annual Dividend Yield	8.37%
Price to Book Ratio	1.23

Dividend Distribution Strategy

Quarterly Distribution Details:

• Q4 2023 Distribution: $0.43 per common unit
• Total 2023 Annual Distribution: $1.72 per common unit
• Distribution Coverage Ratio: 1.5x

Commodity Price Impact

BSM's pricing is directly correlated with oil and gas commodity prices:

Commodity	Current Price	Impact on BSM
West Texas Intermediate (WTI) Crude Oil	$73.45 per barrel	Direct Revenue Correlation
Natural Gas	$2.87 per MMBtu	Secondary Revenue Stream

Mineral Rights Portfolio Pricing

Acreage Valuation Metrics:

• Total Mineral Acres: 385,000
• Productive Acres: 258,000
• Average Mineral Acre Value: $3,200 per acre

Competitive Pricing Positioning

Comparative MLP Pricing Metrics:

Metric	BSM Value	Industry Average
Price to Distributable Cash Flow	8.5x	9.2x
Dividend Yield	8.37%	7.65%