Black Stone Minerals and Logroad Energy announce agreement

Longroad Energy, a U.S. based renewable energy developer, owner, and operator, and Black Stone Minerals, announced a multi-year transaction to promote the development of renewable energy. The terms provide Longroad with exclusive access to several thousand Black Stone acres across 12 states for potential large-scale solar development while preserving Black Stone’s ability to co-develop its mineral and subsurface rights. This is a seminal agreement and first of its kind for both Black Stone and Longroad. The agreement applies to regions where Longroad has a proven track of solar development as well as new areas the company has targeted for expansion.