Dorchester Minerals, L.P. Announces Its First Quarter Distribution

* Reuters is not responsible for the content in this press release.

Thu Apr 10, 2008 12:21pm EDT

  DALLAS, TX, Apr 10 (MARKET WIRE) -- 
 Dorchester Minerals, L.P. (NASDAQ: DMLP) announced today the Partnership's
first quarter 2008 cash distribution. The distribution of $0.572300 per common
unit
represents activity for the three month period ended March 31, 2008 and is
payable on May 1, 2008 to common unitholders of record as of April 21, 2008.

    Cash receipts attributable to the Partnership's Net Profits Interests during
the
first quarter totaled $5,410,000. These receipts generally reflect oil and gas
sales from the properties underlying the Net Profits Interests during November
2007 through January 2008. Approximately $313,000 of gross capital expenditures,
primarily attributable to drilling and completion activity, was paid by the
owner of the working interests in the properties underlying the Net Profits
Interests during December 2007 through February 2008. Cash receipts
attributable to the Partnership's Royalty Properties during the first quarter
totaled
$12,519,000. These receipts generally reflect oil sales during December 2007
through February 2008 and gas sales during November 2007 through January 2008.

    The Partnership received approximately $290,000 of other cash receipts
during the
first quarter and identified 79 new wells completed on the Partnership's Net
Profits Interests and Royalty Properties located in 34 counties and parishes
in six states.

    Dorchester Minerals, L.P. is a Dallas-based owner of producing and
non-producing oil and natural gas mineral, royalty, overriding royalty,
netprofits, and leasehold interests located in 25 states. Its common units trade
on the NASDAQ Global Select Market under the symbol DMLP.

    FORWARD-LOOKING STATEMENTS

    Portions of this document may constitute "forward-looking statements" as
defined by federal law. Such statements are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
projected.
Examples of such uncertainties and risk factors include, but are not limited to,
changes in the price or demand for oil and natural gas, changes in the
operations on or development of the Partnership's properties, changes in
economic and industry conditions and changes in regulatory requirements
(including changes in environmental requirements) and the Partnership's
financial
position, business strategy and other plans and objectives for future
operations.
These and other factors are set forth in the Partnership's filings with the
Securities and Exchange Commission.

    

Contact:
Casey McManemin
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
Telephone (214) 559-0300
Facsimile (214) 559-0301

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.