Black Stone Minerals, L.P. announced it has entered into a 220,000 gross acre development agreement with an affiliate of Caturus Energy, LLC within the Shelby Trough and Haynesville Expansion. The agreement establishes a multi-year drilling program, starting with approximately two gross wells in 2026 and increasing to about 12 gross wells annually by the end of the six-year term. The program includes minimum annual lateral-foot requirements and covers BSM's approximately 40,000 undeveloped net acres in the contract area, with potential for additional acquisitions. BSM expects the agreement to contribute to its long-term gas development efforts and royalty income in the region.
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