Black Stone Entering East Texas Farmout, Buying Noble Assets for $340M

摘要

Black Stone Minerals LP, one of the largest owners of oil and natural gas mineral interests in the United States, has entered into a farmout agreement to develop assets in trending plays in East Texas, and plans to acquire a package of properties spread across 20 states from Noble Energy Inc. for $340 million. On Monday, the Houston-based operator said the farmout agreement is with Pivotal Petroleum Partners, a portfolio company of Tailwater Capital LLC, that covers most of Black Stone’s working interests (WI) in the Haynesville and Bossier shales of East Texas. Specifically, the agreement covers the Shelby Trough area in Angelina and San Augustine counties.