Black Stone Minerals And Longroad Energy Sign Exclusive, Multi-State Mineral Rights Agreement
Portfolio Pulse from Benzinga Newsdesk
Black Stone Minerals (BSM) and Longroad Energy have signed an exclusive, multi-state mineral rights agreement. The agreement provides Longroad with exclusive access to several thousand Black Stone acres across 12 states for potential large-scale solar development, while preserving Black Stone's ability to co-develop its mineral and subsurface rights.
July 18, 2023 | 8:11 pm
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The agreement with Longroad Energy could potentially increase the value of Black Stone Minerals' assets and open up new revenue streams from large-scale solar development.
The agreement provides Longroad with exclusive access to Black Stone's land for solar development, while preserving Black Stone's ability to co-develop its mineral and subsurface rights. This could potentially increase the value of Black Stone's assets and open up new revenue streams.
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