Black Stone Minerals LP detailed first-quarter 2015 financial and operating results on June 3. The quarter ended March 31.

During the quarter, 29.2 thousand barrels of oil equivalent per day (Mboe/d) was the average amount produced, 14.8% higher than first-quarter 2014’s 25.4Mboe/d. This was due to increased drilling activity in the Bakken/Three Forks, Eagle Ford, Haynesville/Bossier and Wilcox plays.

The average realized price per boe, excluding hedge settlements, was $25.83 during the quarter, 49.9% lower than first-quarter 2014’s $51.55/boe.

There was $17.3 million in net income, which was 75.2% lower than first-quarter 2014’s $69.9 million net income. Assets were affected by lower commodity prices, the company said.

There was $91.1 million in revenues during first-quarter 2015, 28.5% lower than first-quarter 2014’s $127.4 million. This was partly due to lower commodity prices.

There were significant leases in the Canyon Wash and Canyon Lime areas in the Permian Basin and North Texas, Blackstone said, noting that this led to “abnormally high” lease bonus.

On June 1, there was $5 million outstanding under the credit facility. The borrowing base is currently $600 million.

Black Stone Minerals LP is based in Houston and owns domestic oil and natural gas mineral interests.