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Black Stone Minerals has entered into a 220,000-acre development agreement with Caturus Energy in the Shelby Trough and Haynesville Expansion. The agreement creates a multi-year drilling program to advance development of Black Stone's acreage under Caturus' operating expertise. Activity will begin with two gross wells in 2026 and ramp to 12 gross wells annually by the end of six years. The agreement supports growing demand for natural gas across the Gulf Coast region.

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