Ellipsis U.S. Onshore Holdings LLC announced it has entered into a Farmout Agreement with Black Stone Minerals, L.P., covering approximately 270,000 gross acres in East Texas. This acreage spans San Augustine, Nacogdoches, Angelina, Houston, and Trinity counties.
The agreement grants Ellipsis the exclusive right to earn non-operated working interests in Black Stone Minerals' Haynesville acreage position, which includes approximately 100,000 undeveloped net acres. This partnership is associated with BSM's existing drilling program with Revenant Energy LLC.
The Farmout Agreement features a tiered commitment structure designed to accelerate development over five years. It begins with a minimum commitment of six wells in 2026 and escalates to 25 wells annually by the fifth year, providing a defined path for future production growth on BSM's mineral interests.
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