Black Stone Minerals (NYSE:BSM) is one of the best low priced energy stocks to buy now. Earlier in May, Black Stone Minerals announced that it entered into a new development agreement with Revenant Energy, focusing on the Partnership’s expanded Shelby Trough Haynesville and Bossier acreage.
This acreage is primarily located in Angelina, Nacogdoches, and San Augustine counties in Texas. The agreement covers ~270,000 gross acres, also extending into Houston and Trinity counties.
Aerial view of an oil and gas field, with tanker trucks in the foreground.
Under the agreement, the partnership’s commitment begins with a minimum of 6 wells per year in 2026, escalating to at least 25 wells annually over 5 years, which include specific test wells necessary to maintain operational rights across the full area.
Black Stone Minerals (NYSE:BSM) owns and manages oil & natural gas mineral interests.
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Disclosure: None. This article is originally published at Insider Monkey.