Black Stone Minerals LP

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

BSM$13.74-1.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets F-

	As of December 31,
	2023	2022
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$70,282	$4,307
Accounts receivable	82,253	135,697
Commodity derivative assets	38,273	31,472
Prepaid expenses and other current assets	2,319	1,905
TOTAL CURRENT ASSETS	193,127	173,381
PROPERTY AND EQUIPMENT
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $890,338 and $909,344 at December 31, 2023 and 2022, respectively	3,026,394	3,003,907
Accumulated depreciation, depletion, amortization, and impairment	(1,961,899)	(1,916,919)
Oil and natural gas properties, net	1,064,495	1,086,988
Other property and equipment, net of accumulated depreciation of $14,163 and $13,461 at December 31, 2023 and 2022, respectively	1,007	1,259
NET PROPERTY AND EQUIPMENT	1,065,502	1,088,247
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS	8,255	9,454
TOTAL ASSETS	$1,266,884	$1,271,082
LIABILITIES, MEZZANINE EQUITY, AND EQUITY
CURRENT LIABILITIES
Accounts payable	$6,270	$6,773
Accrued liabilities	17,003	19,729
Commodity derivative liabilities	1,229	3,243
Other current liabilities	1,334	989
TOTAL CURRENT LIABILITIES	25,836	30,734
LONG-TERM LIABILITIES
Credit facility	—	10,000
Accrued incentive compensation	1,699	1,884
Commodity derivative liabilities	81	16
Asset retirement obligations	19,030	15,030
Other long-term liabilities	2,893	3,606
TOTAL LIABILITIES	49,539	61,270
COMMITMENTS AND CONTINGENCIES (Note 11)
MEZZANINE EQUITY
Partners' equity — Series B cumulative convertible preferred units, 14,711 and 14,711 units outstanding at December 31, 2023 and 2022, respectively	299,137	298,361
EQUITY
Partners' equity — general partner interest	—	—
Partners' equity — common units, 209,991 and 209,407 units outstanding at December 31, 2023 and 2022, respectively	918,208	911,451
TOTAL EQUITY	918,208	911,451
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$1,266,884	$1,271,082

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.