Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 69

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 69
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Houston, Texas

February 25, 2025 

F-4

BLACK STONE MINERALS, L.P. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands) As of December 31, 20242023ASSETSCURRENT ASSETS  Cash and cash equivalents$2,519 $70,282 Accounts receivable71,093 82,253 Commodity derivative assets1,824 38,273 Prepaid expenses and other current assets3,108 2,319 TOTAL CURRENT ASSETS78,544 193,127 PROPERTY AND EQUIPMENT  Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $973,028 and $890,338 at December 31, 2024 and 2023, respectively3,105,457 3,026,394 Accumulated depreciation, depletion, amortization, and impairment(1,973,460)(1,961,899)Oil and natural gas properties, net1,131,997 1,064,495 Other property and equipment, net of accumulated depreciation of $14,551 and $14,163 at December 31, 2024 and 2023, respectively2,044 1,007 NET PROPERTY AND EQUIPMENT1,134,041 1,065,502 DEFERRED CHARGES AND OTHER LONG-TERM ASSETS6,321 8,255 TOTAL ASSETS$1,218,906 $1,266,884 LIABILITIES, MEZZANINE EQUITY, AND EQUITY  CURRENT LIABILITIES  Accounts payable$5,946 $6,270 Accrued liabilities17,242 17,003 Commodity derivative liabilities3,852 1,229 Other current liabilities3,383 1,334 TOTAL CURRENT LIABILITIES30,423 25,836 LONG-TERM LIABILITIES  Credit facility25,000 — Accrued incentive compensation1,234 1,699 Commodity derivative liabilities11,581 81 Asset retirement obligations19,286 19,030 Other long-term liabilities1,943 2,893 TOTAL LIABILITIES89,467 49,539 COMMITMENTS AND CONTINGENCIES (Note 11)MEZZANINE EQUITY  Partners