Business Context and Reporting Period
This Form 8-K is a current report filed by Black Stone Minerals, L.P. on February 26, 2018. The filing serves as a Regulation FD disclosure to correct a mathematical error in a press release issued on the same date regarding the company's 2018 guidance and long-term production forecast.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on correcting a production forecast figure.
Material Changes and Corrections
- Correction of Production Forecast: The company identified a mathematical error in the calculation of implied royalty production for the year 2020 within its previously issued long-term production forecast.
- Corrected Figure: The accurate implied royalty production range for 2020 is 39 MBoe/d to 41 MBoe/d.
Guidance, Outlook, and Management Commentary
On February 26, 2018, management issued summary guidance for 2018 and an updated long-term production forecast. This filing clarifies that the 2020 production numbers in that forecast were erroneous and provides the corrected range. No other risks, contingencies, or unusual items are detailed in this specific report.
Investor Verification Checklist
- Verify the corrected 2020 implied royalty production range of 39 to 41 MBoe/d against the original press release.
- Review the full 2018 guidance and updated long-term production forecast issued on February 26, 2018, to understand the context of the correction.
- Confirm that no other sections of the original guidance were impacted by the mathematical error.