Dorchester Minerals, L.P. Announces Agreement to Acquire Mineral and Royalty Interests
Dorchester Minerals entered an agreement to acquire mineral and royalty interests totaling roughly 4,300 net royalty acres in the Williston Basin, North Dakota. The transaction is structured as a non-taxable contribution and exchange with an unrelated third party, with the seller receiving 1,250,000 DMLP common units instead of cash.
Key figures
- Units issued
- 1250000
- Net royalty acres
- 4300
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