Dorchester Minerals Acquires Texas Mineral and Royalty Interests
Dorchester Minerals has completed an acquisition of mineral and royalty interests totaling approximately 3,355 gross acres and 568 net royalty acres located in three counties in Texas.
The transaction is structured as a non-taxable contribution and exchange. The contributing entities conveyed their interests to DMLP in exchange for 374,000 common units representing limited partnership interests in Dorchester Minerals.
Dorchester Minerals is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states.
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