Black Stone Minerals Enters 220,000 Acre Development Agreement with Caturus Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
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Source: Newsfilter
- Development Agreement Signed: Black Stone Minerals has entered into a 220,000 gross acre development agreement with Caturus Energy, planning to gradually increase drilling activities over the next six years, starting with approximately two wells in 2026 and ramping up to 12 wells annually, significantly enhancing natural gas supply capabilities to meet growing demand in the Gulf Coast region.
- Long-Term Development Plan: This agreement will support Black Stone's mineral resource development in East Texas, expected to generate stable royalty income, further solidifying its position in the natural gas market.
- Resource Integration Advantage: Black Stone currently manages over 40,000 undeveloped net acres in the area, with potential for further acquisitions to increase its net interest, enhancing its competitive edge in the market.
- Optimistic Market Outlook: The partnership with Caturus Energy will provide technical support for efficient resource extraction, aligning with the increasing demand for natural gas in the U.S. and positioning the company for sustainable long-term growth.
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Analyst Views on BSM
Wall Street analysts forecast BSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSM is 13.00 USD with a low forecast of 13.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 14.990
Low
13.00
Averages
13.00
High
13.00
Current: 14.990
Low
13.00
Averages
13.00
High
13.00
About BSM
Black Stone Minerals, L.P. is an owner and manager of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management. It owns mineral interests in approximately 16.8 million gross acres. It also owns nonparticipating royalty interests (NPRIs) in 1.8 million gross acres and overriding royalty interests (ORRIs) in 1.6 million gross acres. The Company owns mineral and royalty interests in 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Springs in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Analysis: The article mentions other energy stocks that have recently fallen below their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Context: The information provided gives context to BSM's current stock performance within the broader energy market.
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