Black Stone Minerals, L.P. agreed to acquire Mineral and royalty properties in the northern Midland Basin for $20.7 million.

Black Stone Minerals, L.P. (NYSE:BSM) agreed to acquire Mineral and royalty properties in the northern Midland Basin for $20.8 million subsequent to the end of the first quarter of 2021. The total consideration will be paid in cash and Black Stone Minerals common units. The acquisition is expected to close in the second quarter of 2021.