Black Stone Minerals, L.P., or Black Stone Minerals, is a

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

-based oil and natural gas corporation.

History

The company was founded as W.T. Carter & Bro., a lumber company, in 1876. The company discovered the

Double A Wells Field A double is a look-alike or doppelgänger; one person or being that resembles another. Double, The Double or Dubble may also refer to: Film and television * Double (filmmaking), someone who substitutes for the credited actor of a character * ...

East Texas East Texas is a broadly defined cultural, geographic, and ecological region in the eastern part of the U.S. state of Texas that comprises most of 41 counties. It is primarily divided into Northeast and Southeast Texas. Most of the region consi ...

in 1985. It began drilling oil in the late 1980s. By 1992, it acquired the land rights of the Kirby Lumber Company, founded by

John Henry Kirby John Henry Kirby (November 16, 1860 – November 9, 1940) was a businessman whose ventures made him the largest lumber manufacturer in Texas and the Southern United States. In addition to serving two terms in the Texas Legislature, he also est ...

. Four years later, in 1996, it divested from its holdings in the Double A Wells Field. According to ''Bloomberg Business'', by 2014 it owned millions of acres of interests in the "Bakken/Three Forks plays, Eagle Ford Shale, Wolfcamp play, Haynesville/Bossier plays, Granite Wash play, and Fayetteville Shale, as well as in the Tuscaloosa Marine Shale and the Canyon Lime play located in 41 states and in 62 onshore basins in the continental United States." It has been traded on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

since 2015.

References

American companies established in 1876 Companies based in Houston Companies listed on the Nasdaq Oil companies of the United States Natural gas companies of the United States 1876 establishments in Texas {{Houston-stub