Black Stone Minerals Company Announces Filing of Registration Statement for Proposed Initial Public Offering

HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals Company, L.P. (“Black Stone Minerals”) announced today the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for the initial public offering of common units representing limited partner interests in a master limited partnership to which Black Stone Minerals would contribute its mineral and royalty and working interests. The number of common units to be offered and the price range for the proposed offering have not yet been determined.

Black Stone Minerals expects the initial public offering to be completed in the first half of 2015, but the offering is subject to a number of factors, market conditions being the most significant, and there can be no assurance that an offering will be completed in the first half of 2015 or at all.

Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, and Wells Fargo Securities are acting as joint book-running managers for the proposed offering. J.P. Morgan, Morgan Stanley, Raymond James, Scotia Howard Weil, and Simmons & Company International are acting as co-managers for the proposed offering. The offering will be made only by means of a prospectus. Once it becomes available, potential investors can obtain a preliminary prospectus related to this offering from:

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

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
Marc Carroll, (713) 445-3200
Senior Vice President and Chief Financial Officer
[email protected]

Source: Black Stone Minerals

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