Dorchester Minerals, L.P. Announces Acquisition Of Mineral Interests; No Financial Terms Disclosed

Dorchester Minerals, L.P. +0.42%

Dorchester Minerals, L.P.

DMLP

33.66

+0.42%

Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today it completed an acquisition of mineral interests totaling approximately 1,485 net royalty acres located in two counties in Colorado.

 

The transaction was structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to the Partnership in exchange for 505,369 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.

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