Black Stone Minerals, L.P. has entered into a new development agreement with Revenant Energy, focusing on the Partnership's expanded Shelby Trough Haynesville and Bossier acreage in Texas. This collaboration will cover approximately 270,000 gross and 95,000 net undeveloped acres, with significant resource potential expected to benefit both companies for decades. The agreement includes annual well commitments that will escalate over five years, starting from 2026. This partnership aims to enhance Black Stone's portfolio and strengthen their growth opportunities in the region.
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