Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 50

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9B
Chunk 50
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 for NGL revenue since there is not sufficient data to account for NGL volumes separately in the reserve estimates. These reserve estimates exclude insignificant natural gas liquid quantities owned by the Partnership. When taking these adjustments into account, the average adjusted prices weighted by production over the remaining lives of the properties were $74.14 per barrel for oil and $2.22 per Mcf for natural gas as of December 31, 2024, $76.90 per barrel for oil and $2.63 per Mcf for natural gas as of December 31, 2023, and $92.01 per barrel for oil and $6.50 per Mcf for natural gas as of December 31, 2022.  Crude Oil (MBbl)Natural Gas (MMcf)Total (MBoe)Net proved reserves at December 31, 202119,171 243,917 59,824 Revisions of previous estimates 11,422 6,455 2,498 Extensions, discoveries and other additions22,182 78,992 15,347 Production(3,591)(59,778)(13,554)Net proved reserves at December 31, 202219,184 269,586 64,115 Revisions of previous estimates1675 (20,578)(2,754)Extensions, discoveries and other additions22,989 87,935 17,645 Production(3,757)(64,647)(14,532)Net proved reserves at December 31, 202319,091 272,296 64,474 Revisions of previous estimates1119 (25,218)(4,084)Purchases of minerals in place310 314 62 Sales of minerals in place4(163)(1,250)(371)Extensions, discoveries and other additions22,015 56,323 11,402 Production(3,606)(62,984)(14,103)Net proved reserves at December 31, 202417,466 239,481 57,380 Net Proved Developed Reserves   December 31, 202219,184 236,529 58,606 December 31, 202319,091 228,061 57,101 December 31, 202417,466 220,901 54,283 Net Proved Undeveloped Reserves   December 31, 2022—