Black Stone Minerals And The Hard Truth Behind The Aethon 'Time-Out'

Jamie Grill/The Image Bank via Getty Images Thesis Black Stone Minerals (NYSE:BSM) was handed a lump of coal for Christmas. On Christmas Eve, one of its largest natural gas producers, Aethon, announced that it was exercising a "time-out" clause in its drilling contracts with BSM in the Haynesville shale. In response, BSM announced that this would not meaningfully impact 2024 financials thanks to a pipeline of 30 wells that are already in progress. The company expects these wells will be completed on schedul ...