Dorchester Minerals Adds to Position in $29 Million All-stock Deal

The acquisition by Dorchester Minerals is expected to add roughly 4,600 net royalty acres located in 27 counties across New Mexico, Oklahoma, Texas and Wyoming.

Hart Energy Staff

Dorchester Minerals LP recently added to its royalty acreage in a $29 million all-stock deal.

According to a release by the Dallas-based company on Nov. 23, Dorchester Minerals entered into a non-taxable contribution and exchange agreement with an unrelated third party to acquire mineral and royalty interests in exchange for roughly 1.6 million common limited partnership units. In a recent note, Enverus pegged the transaction value at about $29 million.

The acquisition is expected to close by year-end and represents approximately 4,600 net royalty acres located in 27 counties across New Mexico, Oklahoma, Texas and Wyoming.

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