DORCHESTER MINERALS, L.P. ANNOUNCES A TRANSACTION OF WINKLER COUNTY, TEXAS PRODUCING LEASEHOLD
December 03 2018 - 2:04PM
Dorchester Minerals, L.P. (“DMLP” or the “Partnership”)
(NASDAQ:DMLP) announced today on November 29, 2018, the Partnership
and affiliates of its General Partner consummated and closed an
agreement to assign leasehold interests and related net profits
interests located in Winkler County, Texas to a third party.
The Partnership’s share of proceeds from the transaction totaled
approximately $3.6 million in cash. The Partnership also
retained an overriding royalty interest in the assigned
acreage. The cash proceeds of this transaction will be
included in the distribution for the three-month period ending
December 31, 2018.
The Partnership also released today on Form 8-K, a mid-year
update of activity on selected properties previously identified in
the 2018 Annual Meeting.
Dorchester Minerals, L.P. is a Dallas based
owner of producing and non-producing crude oil and natural gas
mineral, royalty, overriding royalty, net profits, and leasehold
interests and its common units trade on the NASDAQ Global Select
Market under the symbol DMLP.
FORWARD-LOOKING STATEMENTS
Portions of this press release may constitute "forward-looking
statements" as defined by federal securities 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: Casey McManemin (214) 559-0300
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