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SEC Filings
10-Q
BLACK STONE MINERALS, L.P. filed this Form 10-Q on 11/07/2017
Entire Document
 
BLACK STONE MINERALS, L.P. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The Partnership had the following open derivative contracts for oil as of September 30, 2017:
 
 

 

 
Range (Per Bbl)
Period and Type of Contract
 
Volume
(Bbl)
 
Weighted Average Price
(Per Bbl)
 
Low
 
High
Oil Swap Contracts:
 
 

 
 

 
 

 
 

2017
 
 

 
 

 
 

 
 

Third Quarter
 
172,000

 
$
53.31

 
$
52.40

 
$
55.23

Fourth Quarter
 
687,000

 
53.21

 
52.02

 
55.23

2018
 


 


 


 


First Quarter
 
611,000

 
$
54.18

 
$
52.09

 
$
55.05

Second Quarter
 
573,000

 
54.16

 
52.09

 
54.90

Third Quarter
 
541,000

 
54.16

 
51.85

 
54.90

Fourth Quarter
 
502,000

 
54.22

 
51.85

 
54.90

The Partnership had the following open derivative contracts for natural gas as of September 30, 2017:
 
 

 

 
Range (Per MMBtu)
Period and Type of Contract
 
Volume
(MMBtu)
 
Weighted Average Price
(Per MMBtu)
 
Low
 
High
Natural Gas Swap Contracts:
 
 

 
 

 
 

 
 

2017
 
 

 
 

 
 

 
 

Fourth Quarter
 
13,130,000

 
$
3.13

 
$
2.92

 
$
3.57

2018
 


 


 


 


First Quarter
 
12,570,000

 
$
3.06

 
$
2.96

 
$
3.45

Second Quarter
 
11,340,000

 
3.03

 
2.86

 
3.23

Third Quarter
 
9,630,000

 
3.02

 
2.90

 
3.23

Fourth Quarter
 
8,210,000

 
3.01

 
2.90

 
3.23


Subsequent to September 30, 2017, the Partnership entered into the following oil derivative contracts:






Range (Per Bbl)
Period and Type of Contract

Volume
(Bbl)

Weighted Average Price
(Per Bbl)

Low

High
Oil Swap Contracts:








2017








Fourth Quarter

30,000


$
56.51


$
55.87


$
57.15

2018








First Quarter

130,000


$
55.02


$
53.99


$
57.15

Second Quarter

175,000


54.73


53.99


56.75

Third Quarter

215,000


54.71


53.99


55.87

Fourth Quarter

255,000


54.22


52.82


55.87

2019








First Quarter

165,000


$
53.58


$
52.82


$
54.02

Second Quarter

165,000


53.58


52.82


54.02

Third Quarter

165,000


53.58


52.82


54.02

Fourth Quarter

165,000


53.58


52.82


54.02





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