Black Stone Minerals
| Company type | Public |
|---|---|
| Industry | Oil and natural gas |
| Founded | 1876 |
| Headquarters | Houston , United States |
Area served | United States (41 states) |
| Products | Oil and natural gas |
Black Stone Minerals, L.P., often referred to as Black Stone Minerals, is an oil and natural gas enterprise headquartered in Houston.
History
Originally established in 1876 under the name W.T. Carter & Bro. as a lumber business, Black Stone Minerals made a significant discovery with the Double A Wells Field in East Texas during 1985 and commenced oil extraction activities by the late 1980s. By 1992, the company secured land ownership rights from Kirby Lumber Company, which was founded by John Henry Kirby, and exited its interests in the Double A Wells Field by 1996.
As of 2014, Black Stone Minerals held ownership of millions of acres within major U.S. shale formations such as Bakken/Three Forks, Eagle Ford, Wolfcamp, Haynesville/Bossier, Granite Wash, Fayetteville Shale, Tuscaloosa Marine Shale, and Canyon Lime. Their holdings spanned across 41 states and encompassed 62 onshore basins.
Since 2015, the firm has been listed publicly on the NASDAQ stock exchange.