Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 134

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 134
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2,108 Southwestern U.S.29,030 624 6,378 6,417 5,703 67 67 69 Rocky Mountains15,534 625 4,637 4,609 4,545 428 519 534 Eastern U.S.1,692 8 712 748 835 5 6 3 Mid-Continent9,040 502 1,816 1,824 1,972 151 170 84 Western U.S.615 1 233 238 261 — — — Total70,695 3,165 36,577 37,436 34,335 1,957 2,376 2,798 

1  We own both mineral and royalty interests and working interests in 1,777 of the wells shown in each column above.

2   Refers to mineral and royalty interest wells.

Material Resource Plays

The following listing provides an overview of the resource plays we consider most material to our current and future business. These plays accounted for 76% of our aggregate production for the year ended December 31, 2024.

•Bakken/Three Forks. The Bakken shale and underlying Three Forks formation are located in the Williston Basin, which covers parts of North Dakota, South Dakota, and Montana in the U.S., and Saskatchewan and Manitoba in Canada. The U.S. portion of the Bakken/Three Forks play is within the Rocky Mountains BSM Land Region. We have significant exposure in these plays through our mineral and royalty interests as well as through our working interests.

•Haynesville/Bossier. The Haynesville/Bossier formation, located in East Texas and Western Louisiana, is within the Gulf Coast BSM Land Region and is one of the largest producing natural gas formations in the U.S. The play’s prospective acreage is evenly divided between East Texas and Western Louisiana, and while we have significant exposure through our mineral and royalty interests and working interests across the entire play, the majority of our acreage is located in East Texas, with a particular concentration in the prolific southern portion of the Shelby Trough in San Augustine, Nacogdoches, and Angelina Counties.

•Permian-Midland. The Midland Basin, which is a sub-basin within the Permian Basin, is located in West Texas in the Southwestern U.S. BSM Land Region. It is