Dorchester Minerals to Acquire About 4,300 Net Royalty Acres in North Dakota's Williston Basin
Dallas-based Dorchester Minerals, L.P. announced on October 19 that it has entered into an agreement to acquire mineral and royalty interests totaling approximately 4,300 net royalty acres located in three counties across the Williston Basin in North Dakota. The company announcement did not name the three counties.
Under the agreement, signed on October 16, the contributing entity will convey its interests in a non-taxable contribution and exchange for 1,250,000 common units representing limited partnership interests in Dorchester Minerals. Cash received by the contributing entity attributed to the acquired interests on or after July 1, 2026, will be contributed to the partnership at closing. The acquisition is expected to close on October 30, 2026, subject to customary closing conditions.
Dorchester Minerals owns oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests located in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP. (GSM, based on the company's GlobeNewswire announcement)
Published by GSM · USA (original Chinese edition)
Photo: 图：北达科他州油田抽油机（资料图）。照片：Wikimedia Commons（CC BY-SA 4.0）。Oil pumpjacks in North Dakota (file photo). Photo: Wikimedia Commons (CC BY-SA 4.0).
