Dorchester Minerals, L.P. Announces Two Acquisitions of Mineral, Royalty and Overriding Royalty Interests
01 October 2024 - 6:15AM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today it has completed two previously announced
acquisitions of mineral, royalty and overriding royalty interests.
The transactions were both structured as
non-taxable contribution and exchanges.
In one transaction, the contributing entities
conveyed their interests to the Partnership in exchange for
6,721,144 common units representing limited partnership interests
in Dorchester Minerals, L.P.
In a separate transaction, the contributing
entity conveyed its interests to the Partnership in exchange for
530,000 common units representing limited partnership interests in
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.
Martye Miller (214) 559-0300
Dorchester Minerals (NASDAQ:DMLP)
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