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BRIEF-Black Stone Minerals announces Farmout agreement substantially reducing future working interest capital requirements
February 21, 2017 / 10:15 AM / 7 months ago

BRIEF-Black Stone Minerals announces Farmout agreement substantially reducing future working interest capital requirements

Feb 21 (Reuters) - Black Stone Minerals lp:

* Black Stone Minerals LP - expects farmout agreement to reduce its capital obligations by approximately $35 million in 2017

* Black Stone Minerals LP announces farmout agreement substantially reducing future working interest capital requirements

* Black Stone Minerals LP - during first three phases of agreement, canaan will commit on and fund 80% of black stone’s drilling and completion costs

* Black Stone expects farmout agreement to reduce its capital obligations by an average of $40-$50 million annually after 2017 Source text for Eikon: Further company coverage:

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