Black Stone Minerals Company Names New President, COO.HOUSTON -- Black Stone Minerals Company, L.P., one of the largest privately held royalty and fee mineral owners in the country, has announced the promotion of Hallie A. Vanderhider, to President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . The promotion was effective October 1, 2007. Previously, she served as Executive Vice President and Chief Financial Officer. Ms. Vanderhider succeeds Mr. Thomas L. Carter, Jr. who remains as Chief Executive Officer and Chairman of the Board. "I am delighted to announce Hallie's promotion," said Mr. Carter. "On behalf of the Board, I want to thank her for her outstanding commitment to the growth of this company. I know that we will continue to benefit from her perspective and dedication in the years to come." As President and COO, Ms. Vanderhider is responsible for all aspects of the business, including the finance and accounting functions, business development, information technology, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , risk management, investor relations Investor relations The process by which the corporation communicates with its investors. and operations. Before joining Black Stone in 2003, Ms. Vanderhider held the position of Chief Financial Officer for EnCap Investments L.P., a leading private equity manager serving the oil and gas industry. Prior to her assignment with EnCap, she served in a variety of positions at publicly traded Damson dam·son n. In both senses also called bullace, damson plum. 1. A Eurasian plum tree (Prunus insititia) cultivated since ancient times for its edible fruit. 2. Oil Corporation, including Chief Accounting Officer. Black Stone Minerals Company, L.P., a privately-owned Delaware limited partnership located in Houston, Texas, owns and controls, either directly or through its institutionally supported partnerships, interests in more than 17,000 wells and approximately 16 million gross acres located in 41 states. With approximately 38.8 MMBOE MMBOE Million Barrels of Oil Equivalent (energy and petroleum industry) of proved producing oil and gas reserves and an extensive inventory of prospective, undeveloped mineral acres, the company and its affiliates are projected to generate EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of approximately $306.7 million for the year ended December 31, 2007. |
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