Dorchester Minerals LP closed an acquisition of mineral and royalty interests located in 13 counties and parishes in Louisiana, New Mexico and Texas, the company said in a July 12 news release.
The Dallas company said it purchased approximately 900 net (17,000 gross) royalty acres. The transaction was structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to Dorchester Minerals in exchange for 343,750 common limited partnership units of Dorchester Minerals LP. Based Dorchester’s unit price, the acquisition has a value of roughly $10.3 million.
Dorchester Minerals holds producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.
2023-11-14 - Weatherford’s Centro well construction platform utilizes five principles to cut costs and increase efficiencies for wells.
2023-10-27 - CNOOC’S shallow water field production is expected to peak at 9,300 bbl/d in 2024.
2023-10-30 - Here’s a roundup of the latest E&P headlines, including the gas export concept solution for Goliat and subsea equipment delivered for Shenzi North.
2023-10-13 - According to the Wells Insight Report 2023 report, more development drilling and interventions are needed to boost production.
2023-10-02 - Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.