Black Stone Minerals LP Enters Farmout Agreement with Ellipsis U.S. Onshore Holdings to Expand Haynesville Acreage
Reuters
Aug 20
Black Stone Minerals LP Enters Farmout Agreement with Ellipsis U.S. Onshore Holdings to Expand Haynesville Acreage
Ellipsis U.S. Onshore Holdings LLC, a portfolio company of the Westlawn Group, has completed significant transactions to expand its presence in key U.S. onshore basins. This includes a Farmout Agreement with Black Stone Minerals, L.P., covering approximately 270,000 gross acres across several counties in East Texas. The agreement allows Ellipsis to earn non-operated working interests in Black Stone Minerals' Haynesville acreage, involving about 100,000 undeveloped net acres. The agreement includes a tiered commitment structure, starting with a minimum of six wells in 2026 and increasing to 25 wells annually by the fifth year. Additionally, Ellipsis has acquired non-operated oil and gas assets in the Permian Basin, enhancing its Delaware Basin footprint.
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