Oil and natural gas mineral company Dorchester Minerals announced the retirement of board manager James E. Raley, effective Dec. 29, according to a Jan. 3 press release.

In recognition of his service, the board designated Raley as manager emeritus, an honorary and uncompensated designation to reflect on his role at Dorchester, the release stated.

“Jim’s steady leadership and dedication have been instrumental in the success of Dorchester Minerals and its predecessors for over 47 years,” said Casey McManemin, chairman of the board. “His wise counsel was essential in the founding of our Partnership and the guidance he continues to provide is invaluable to our team.”