$28.650
-0.060 (-0.21%)Al cierre
Noticias de DMLP
Eventos de DMLP
Dorchester Minerals Acquires 3,100 Acres of Mineral Interests
Dorchester Minerals announced that it has entered into an agreement to acquire mineral and royalty interests. On July 3, the partnership entered into a non-taxable contribution and exchange agreement with unrelated third parties to acquire mineral and royalty interests totaling approximately 3,100 net royalty acres located in five counties across the Williston Basin in North Dakota. Cash received by the contributing entities on or after April 1 will be contributed to the partnership at closing. The contributing entities will convey their interests to the partnership in exchange for 850,000 common units representing limited partnership interests in Dorchester Minerals as adjusted pursuant to the terms of the contribution and exchange agreement. The acquisition is expected to close on July 31, subject to customary closing conditions.
Dorchester Minerals Reaches $15.5M Settlement Agreement
Dorchester Minerals and Dorchester Minerals Operating have entered into a settlement and mutual release agreement with unrelated third parties. The settlement agreement resolves ordinary course litigation affecting certain leasehold in Midland County, Texas, which is owned by the Operating Partnership and subject to the net profits interest. The Operating Partnership received proceeds of $15.5M, which will be included in the calculation of the April net profits interest payment to Dorchester Minerals.
Dorchester Minerals reports Q2 EPS 25c vs. 57c last year
Reports Q2 revenue $32.4M vs. $37.36M last year.
Dorchester Minerals reports Q3 EPS 87c vs. 73 last year
Reports Q3 revenue $53.47M vs. $42.59M last year.
Dorchester Minerals enters agreements to acquire mineral, royalty interests
Dorchester Minerals announced that it has entered into two separate agreements to acquire mineral, royalty and overriding royalty interests. On September 12, 2024, the Partnership entered into a non-taxable contribution and exchange agreement with unrelated third parties to acquire mineral, royalty and overriding royalty interests totaling approximately 14,529 net royalty acres located in 14 counties across New Mexico and Texas. Approximately 65% of the acreage is located in the Delaware Basin with the remaining 35% in the Midland Basin. Cash received by the contributing entities on or after July 1, 2024, will be contributed to the Partnership at closing. On September 4, 2024, the Partnership entered into a non-taxable contribution and exchange agreement with an unrelated third party to acquire overriding royalty interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado. Cash received by the contributing entity on or after July 1, 2024 will be contributed to the Partnership at closing.
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