Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 133

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 133
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801,329 2.4 %90,195 15,209 Eastern U.S.1,650,353 47.6 %1,727 4.0 %74,247 1.3 %13,468 1,375 Mid-Continent1,308,248 34.6 %38,968 4.2 %270,380 3.6 %53,551 31,235 Western U.S.1,025,644 89.1 %331 1.8 %28,029 3.3 %— — Total16,789,067 43.3 %1,820,243 4.1 %1,571,313 2.5 %498,056 140,434 

1   Excludes acreage for which we have incomplete seller records.

2   Refers to our average ownership interest. Ownership interest is the percentage that our undivided ownership interest in a tract bears to the entire tract. The average ownership interests shown reflect the weighted averages of our ownership interests in all tracts in the BSM Land Region. Our weighted average royalty interest for all of our mineral interests is approximately 21%, which may be multiplied by our ownership interest to approximate the average net royalty interest for our mineral interests.

3   Refers to our average royalty interest. Average royalty interest is equal to the weighted-average percentage of production or revenues (before operating costs) that we are entitled to on a tract-by-tract basis in the BSM Land Region. NPRIs may be denominated as a “fractional royalty,” which entitles the owner to the stated fraction of gross production, or a “fraction of royalty,” where the stated fraction is multiplied by the lease royalty. In cases where our land documentation does not specify the form of NPRI, we have assumed a fractional royalty for purposes of the average royalty interests shown above.

7

  Mineral and Royalty InterestsWorking InterestsGross Well Count as of December 31, 20241Average Daily Production (Boe/d) for the Year Ended December 31,Average Daily Production (Boe/d) for the Year Ended December 31,BSM Land RegionMRI Wells2WI Wells202420232022202420232022Gulf Coast14,784 1,405 22,801 23,600 21,019 1,306 1,614