Black Stone Minerals secured a major development agreement with Revenant Energy for Texas Haynesville and Bossier acreage, covering 270,000 gross acres in multiple counties. The partnership will commit to a minimum of 6 wells per year in 2026, increasing to at least 25 wells annually over 5 years, including test wells.

Black Stone Minerals (NYSE: BSM) is a key player in the energy sector, managing mineral interests in oil and natural gas. The company recently announced a new development agreement with Revenant Energy, focusing on expanding their acreage in Texas.

While Black Stone Minerals presents investment potential, some believe AI stocks offer better opportunities with less risk. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available. Explore 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now for more insights.

Read more at Yahoo Finance: Black Stone Minerals Secures Major Development Agreement with Revenant Energy for Texas Haynesville, Bossier Acreage