Dorchester Minerals, L.P. Completes Acquisition of Royalty Properties
June 30 2021 - 2:50PM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today that it has completed its previously announced
acquisition of overriding royalty interests in the Bakken Trend
totaling approximately 6,400 net royalty acres under 63,000 gross
acres located in Dunn, McKenzie, McLean and Mountrail Counties,
North Dakota.
The transaction is structured as a non-taxable
contribution and exchange. The contributing entity conveyed their
interests to DMLP and affiliates of its General Partner in exchange
for 725,000 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 26 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 (214) 559-0300
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