Black Stone Minerals, L.P. Announces Launch of Initial Public Offering

HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (“Black Stone Minerals”) announced the launch of its initial public offering of 22,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). Black Stone Minerals will list its common units on the New York Stock Exchange under the ticker symbol “BSM.” Black Stone Minerals anticipates granting the underwriters an option to purchase up to an additional 3,375,000 common units at the initial public offering price.

Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, and Wells Fargo Securities are acting as joint book-running managers for the offering. J.P. Morgan, Morgan Stanley, Raymond James, Scotia Howard Weil, and Simmons & Company International are acting as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. When available, a copy of the preliminary prospectus may be obtained from:

BarclaysAttention: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (888) 603-5847Email: [email protected]

BofA Merrill LynchAttn: Prospectus Department222 BroadwayNew York, New York 10038Email: [email protected]

CitigroupAttention: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (800) 831-9146

Credit SuisseAttn: Prospectus DepartmentOne Madison AvenueNew York, New York 10010Phone: (800) 221-1037Email: [email protected]

Wells Fargo SecuritiesAttn: Equity Syndicate Department375 Park AvenueNew York, New York 10152Phone: (800) 326-5897Email: [email protected]

You may also get a copy of the preliminary prospectus for free by visiting the SEC’s website at http://www.sec.gov.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States.

Forward-Looking Statements

This news release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus relating to these securities. Black Stone Minerals undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release.

Black Stone Minerals, L.P.
Marc Carroll, (713) 445-3200
Senior Vice President and Chief Financial Officer
[email protected]

Source: Black Stone Minerals, L.P.

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