Haynesville Shale Development Agreement

planned

Caturus Energy and Black Stone Minerals have agreed to develop 220,000 gross acres in the Shelby Trough and Haynesville Expansion in eastern Texas. The agreement creates a multiyear drilling program using Black Stone’s acreage and Caturus Energy’s operations experience. The development will support the growing demand for natural gas across the Gulf Coast. Caturus plans to escalate its drilling program over six years, starting with two gross wells in 2026 and ramping up to about 12 gross wells annually by the end of six years, aiming to reach 1 billion cubic feet per day of net production by 2029.