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Black Stone Acquires $340MM in Assets from Noble

Black Stone Minerals, L.P. Noble Energy, Inc.
AnnouncedNov 27, 2017
TypeMineral Rights
Announced Date
November 27,2017
Effective Date
July 01,2017
Close Date
November 28,2017
Transaction Type
Mineral Rights
Enterprise Value (EV)($MM)
335




Snapshot
Asset/Basin:
{"Permian Basin","Midland Basin","Delaware Basin","Powder River Basin",SCOOP,Bakken}
TargetZones:
{Bakken,"Three Forks
Net Acres
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% Oil:
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Location
Country
United States

State
Texas

Production
Production
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Production Mix
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Subscribe to see

Black Stone has agreed to acquire various assets from Noble Energy for $340 million.

Highlights of the transaction include the following:

Approximately 1.1 million gross (140,000 net) mineral acres, 380,000 gross acres of non-participating royalty interests ("NPRI"), and 600,000 gross acres of overriding royalty interests ("ORRI") collectively spread over 20 states with significant concentrations in Texas, Oklahoma, and North Dakota. Increases the Partnership's exposure in the greater Permian Basin through the addition of approximately 8,300 net royalty acres1 in the Midland Basin and…

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United States Deal Activity In Last 12 Months


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Price History


Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million -  
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -  
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172