Company: BSM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001621434-25-000133
Chunk: 27

Company: Black Stone Minerals, L.P.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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30, 2025: Weighted Average Price (Per Bbl)Range (Per Bbl)Period and Type of ContractVolume (Bbl)LowHighOil Swap Contracts:    2027First Quarter120,000 $59.90 $59.28 $60.10 Second Quarter120,000 59.90 59.28 60.10 Third Quarter120,000 59.90 59.28 60.10 Fourth Quarter120,000 59.90 59.28 60.10 

10

BLACK STONE MINERALS, L.P. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Partnership had the following open derivative contracts for natural gas as of September 30, 2025: Weighted Average Price (Per MMBtu)Range (Per MMBtu)Period and Type of ContractVolume (MMBtu)LowHighNatural Gas Swap Contracts:    2025    Fourth Quarter11,040,000 $3.45 $3.34 $3.65 2026First Quarter11,700,000 $3.67 $3.50 $4.05 Second Quarter11,830,000 3.67 3.50 4.05 Third Quarter11,960,000 3.67 3.50 4.05 Fourth Quarter11,960,000 3.67 3.50 4.05 2027First Quarter2,700,000 $3.86 $3.85 $3.88 Second Quarter2,730,000 3.86 3.85 3.88 Third Quarter2,760,000 3.86 3.85 3.88 Fourth Quarter2,760,000 3.86 3.85 3.88 The Partnership entered into the following derivative contracts for natural gas subsequent to September 30, 2025: Weighted Average Price (Per MMbtu)Range (Per MMbtu)Period and Type of ContractVolume (MMbtu)LowHighNatural Gas Swap Contracts:    2027First Quarter2,700,000 $3.97 $3.97 $3.97 Second Quarter2,730,000 3.97 3.97 3