Dorchester Minerals, L.P. Completes Acquisition of Mineral and Royalty Interests
July 12 2023 - 11:00AM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today that it has completed an acquisition of mineral and
royalty interests totaling approximately 17,000 gross acres and 900
net royalty acres located in 13 counties and parishes across
Louisiana, New Mexico and Texas.
The transaction is structured as a non-taxable
contribution and exchange. The contributing entities conveyed their
interests to DMLP in exchange for 343,750 common limited
partnership units of Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a Dallas based owner of producing
and non-producing oil and natural gas mineral, royalty, overriding
royalty, net profits, and leasehold interests located in 28 states.
Its common units trade on the NASDAQ Global Select Market under the
symbol DMLP.
FORWARD-LOOKING STATEMENTS
Portions of this document may constitute "forward-looking
statements" as defined by federal law. Such statements are subject
to certain risks, uncertainties and assumptions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those anticipated, estimated or projected. Examples of such
uncertainties and risk factors include, but are not limited to,
changes in the price or demand for oil and natural gas, changes in
the operations on or development of the Partnership’s properties,
changes in economic and industry conditions and changes in
regulatory requirements (including changes in environmental
requirements) and the Partnership’s financial position, business
strategy and other plans and objectives for future operations.
These and other factors are set forth in the Partnership's filings
with the Securities and Exchange Commission.
Contact:
Martye Miller
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300
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