Black Stone Minerals LP, an MLP with royalty interests in oil and gas production assets across the US, filed on Thursday with the SEC to raise up to $700 million in an initial public offering.
The Houston, TX-based company, which was founded in 1998 and booked $548 million in sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol BSM. Black Stone Minerals LP initially filed confidentially on October 8, 2014. Barclays, BofA Merrill Lynch, Citi, Credit Suisse and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
