Black Stone is one of the largest private fee mineral owners in the country and the Company owns or controls interests in approximately 15.0 million acres. These minerals are available to third parties who wish to increase or expand their leased acreage.

Black Stone’s minerals management philosophy employs the use of fair lease terms and flexibility in negotiating terms with each potential partner. By working with exploration and production companies as partners instead of solely as customers, Black Stone increases its leasing activity and puts more minerals “in play.” This approach leads to more subsurface data, more drilled wells and more success for all parties.

Black Stone’s staff is dedicated to providing a timely response to any and all inquiries. We work with companies to further mutually-beneficial relationships and transactions. Black Stone provides information from a full-time exploration team to help potential lessees in their specific areas of interest.

Depending on the nature of the request, Black Stone seeks to:

• Provide existing seismic and other data as permitted;
• Negotiate options, leases and permits for new 3-D seismic shoots;
• Consider standard, creative and innovative trade proposals; and,
• Create an environment that encourages exploration.

Black Stone also maintains an in-house technical team that reviews seismic data and generates prospects that are then presented to the industry for development. In limited circumstances, Black Stone may participate on a non-operated working interest basis when it helps to market the prospect.