BSM

Black Stone Minerals, L.P. (NYSE:BSM) is a master limited partnership founded in 1876 and headquartered in Houston, Texas. The company went public in 2015 and operates as one of the largest mineral and royalty owners in the United States. Black Stone owns mineral interests across approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres spanning 41 states. The partnership generates income by collecting royalty payments from oil and natural gas production on its mineral rights without the operational responsibilities or capital expenditure requirements of traditional exploration and production companies.