Printer Friendly

Dorchester Minerals Finalises Acquisition of Texas, US Mineral/Royalty Producing Properties.

M2 EQUITYBITES-July 6, 2017-Dorchester Minerals Finalises Acquisition of Texas, US Mineral/Royalty Producing Properties

(C)2017 M2 COMMUNICATIONS http://www.m2.com

6 July 2017 - Texas, US-based oil and gas company Dorchester Minerals, L.P. (DMLP) (NASDAQ: DMLP) has completed the acquisition of 1,850 net royalty acres located in six Texas, US counties, which contain producing and nonproducing mineral, royalty and overriding royalty interests, from multiple unnamed parties, the company said.

The transaction is structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to DMLP in exchange for 1,604,343 common limited partnership units.

Approximately 75% of the total net royalty acres are located in the northwestern quarter of Reagan County and substantially overlap with the Partnership's existing position.

Dorchester Minerals, L.P. is the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:1U7TX
Date:Jul 6, 2017
Words:161
Previous Article:Eurofins Acquires US Ana Labs Network to Expand Reach in Environment Testing.
Next Article:Customer Mobile Rebrands as ISM Connect with Acquisition of Ingenuity Sun Media.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters