Black Stone Minerals, L.P. Approves Cash Distribution for the Fourth Quarter of 2020, Payable on February 23, 2021
February 03, 2021 at 05:30 pm EST
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The Board of Directors of Black Stone Minerals, L.P. has approved a cash distribution for common units attributable to the fourth quarter of 2020 of $0.175 per unit. This represents an increase of approximately 17% over the common distribution paid with respect to the prior quarter. Distributions will be payable on February 23, 2021 to unitholders of record on February 16, 2021.
Black Stone Minerals, L.P. is an owner and manager of oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 16.8 million gross acres. It also owns nonparticipating royalty interests (NPRIs) in 1.8 million gross acres and overriding royalty interests (ORRIs) in 1.6 million gross acres. The Company owns mineral and royalty interests in 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Springs in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.
BLACK STONE MINERALS, L.P. 
