Black Stone Minerals, L.P. Declares Distribution for Common and Subordinated Units; Schedules Earnings Call to Discuss Fourth Quarter 2018 Results

HOUSTON–(BUSINESS WIRE)–Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “BSM,”
or “the Partnership”) today declares the distribution attributable to
the fourth quarter of 2018 and announces the date of its fourth quarter
of 2018 earnings call.

Common and Subordinated Distributions

The Board of Directors of the general partner (the "Board") has approved
cash distributions attributable to the fourth quarter of 2018 of $0.37
per unit for both common and subordinated units. Distributions will be
payable on February 26, 2019 to unitholders of record on February 19,
2019.

Earnings Conference Call

The Partnership is scheduled to release details regarding its results
for the fourth quarter of 2018 after the close of trading on February
25, 2019. A conference call to discuss these results is scheduled for
February 26, 2019 at 9:00 a.m. Central time (10:00 a.m. Eastern time).
Dial-in information is provided below. A telephonic replay of the
conference call will be available approximately two hours after the call
through March 31, 2019.

Call Type

Phone Number

Conference ID

Domestic participant 1-877-447-4732 2697118
Domestic replay 1-855-859-2056 2697118
International participant 1-615-247-0077 2697118
International replay 1-404-537-3406 2697118

The conference call will be webcast live and can be accessed through the
Investors section of BSM’s website at www.blackstoneminerals.com.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas
mineral interests in the United States. The Partnership owns mineral
interests and royalty interests in 41 states and 64 onshore basins in
the continental United States. The Partnership also owns and selectively
participates as a non-operating working interest partner in established
development programs, primarily on its mineral and royalty holdings. The
Partnership expects that its large, diversified asset base and
long-lived, non-cost-bearing mineral and royalty interests will result
in production and reserve growth, as well as increasing quarterly
distributions to its unitholders.

Information for Non-U.S. Investors

This press release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Although a portion of Black Stone
Minerals’ income may not be effectively connected income and may be
subject to alternative withholding procedures, brokers and nominees
should treat 100% of Black Stone Minerals’ distributions to non-U.S.
investors as being attributable to income that is effectively connected
with a United States trade or business. Accordingly, Black Stone
Minerals’ distributions to non-U.S. investors are subject to federal
income tax withholding at the highest marginal rate, currently 37.0% for
individuals.

Contacts

Brent Collins
Vice President, Investor Relations
Telephone:
(713) 445-3200
investorrelations@blackstoneminerals.com