One-Page Deal Sheet
Black Stone Minerals Acquires Eagle Rock's Minerals Business
Black Stone Minerals, L.P. Eagle Rock Energy Partners Lp
Announced Date
October 16,2009
Effective Date
January 01,2010
Close Date
May 24,2010
Transaction Type
Corporate
Enterprise Value (EV)($MM)
158
Asset/Basin:
{"Permian Basin","Gulf Coast",Midcontinent,"Los Angeles Basin"}
Net Acres
% Oil:
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
On October 16, 2009, Black Stone Minerals Company, L.P. and certain co-investors including the LeFrak Organization, made a proposal to the Board of Eagle Rock Energy Partners, L.P. to purchase Eagle Rock’s Minerals Business for $157.5 million, to provide an equity investment commitment to support a proposed public offering by Eagle Rock of common units at $3.40 per unit, and to grant Eagle Rock options to reacquire from Black Stone up to 2.8 million common units issued to Black Stone pursuant to its equity investment commitment and up to 15% of the Minerals Business sold to Black Stone. There…
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