Black Stone Minerals Secures Major Development Agreement with Revenant Energy for Texas Haynesville, Bossier Acreage
This acreage is primarily located in Angelina, Nacogdoches, and San Augustine counties in Texas. The agreement covers ~270,000 gross acres, also extending into Houston and Trinity counties.
Aerial view of an oil and gas field, with tanker trucks in the foreground.
Under the agreement, the partnership's commitment begins with a minimum of 6 wells per year in 2026, escalating to at least 25 wells annually over 5 years, which include specific test wells necessary to maintain operational rights across the full area.
Black Stone Minerals (NYSE:BSM) owns and manages oil & natural gas mineral interests.
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While we acknowledge the potential of BSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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