Dorchester Minerals, L.P. has closed its acquisition of mineral and royalty interests totaling approximately 3,100 net royalty acres in five counties across the Williston Basin in North Dakota. The transaction was structured as a non-taxable contribution and exchange, with the contributing entities receiving 835,958 common units of the Partnership. Dorchester Minerals is a Dallas-based owner of producing and non-producing oil and natural gas interests across 28 states, and its common units trade on the NASDAQ Global Select Market under the symbol DMLP.
Dorchester Minerals LPAcquisition of mineral and royalty interests expands asset base, funded by issuing units.