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Black Stone Minerals rings NYSE opening bell

Black Stone Minerals rang the opening bell at the New York Stock Exchange on Friday as it marked its first day trading on the exchange. The shares are listed under the ticker "BSM."

The Houston-based oil and gas company's initial public offering was priced at $19 per share.

An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.
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An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

Black Stone Minerals owns 16.7 million acres of oil and gas reserves across 41 U.S. states, according to its website.

The company said the proceeds will cover existing debt and capital expenditures, according to legal news site Law360.