People: Dorchester Minerals LP (DMLP.O)

DMLP.O on Nasdaq

28.20USD
24 Oct 2014
Price Change (% chg)

$-0.31 (-1.09%)
Prev Close
$28.51
Open
$28.27
Day's High
$29.42
Day's Low
$28.01
Volume
66,791
Avg. Vol
71,113
52-wk High
$35.55
52-wk Low
$23.90

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Summary

Name Age Since Current Position

William McManemin

53 2001 Chief Executive Officer, Member of the Board of Managers

H. Allen

75 2001 Chief Financial Officer, Member of the Board of Managers

James Raley

74 2001 Chief Operating Officer, Member of the Board of Managers

Buford Berry

78 Independent Member of the Board of Managers

Martha Rochelle

61 2013 Independent Member of the Board of Managers

C. Russell

72 Independent Member of the Board of Managers

Ronald Trout

75 2008 Independent Member of the Board of Managers

Robert Vaughn

58 2001 Independent Member of the Board of Managers

Biographies

Name Description

William McManemin

Mr. William Casey McManemin is Chief Executive Officer, Member of the Board of Managers of Dorchester Minerals LP. He has served as Chief Executive Officer and as a manager of Dorchester Minerals Management GP LLC and as Chief Executive Officer of Dorchester Minerals Operating GP LLC and Dorchester Minerals, L.P. since 2001. He received his Bachelor of Science degree in Petroleum Engineering from Texas A&M University in 1984 and is a Registered Professional Engineer in the State of Texas. The members of the general partner of general partner have determined that Mr. McManemin’s and varied professional experience in petroleum engineering, history of managing the majority of the properties held by the Partnership, as well as his executive management skills, qualify him to continue to serve on the Board of Managers.

H. Allen

Mr. H. C. Allen, Jr., is Chief Financial Officer, Member of the Board of Managers of Dorchester Minerals LP. He has served as Chief Financial Officer and as a manager of Dorchester Minerals Management GP LLC and as Chief Financial Officer of Dorchester Minerals Operating GP LLC and Dorchester Minerals, L.P. since 2001. He co-founded SASI Minerals Company, Republic Royalty Company, Spinnaker Royalty Company, L.P. and CERES Resource Partners, LP with Mr. McManemin in 1988, 1993, 1996 and 1998, respectively. He received his Bachelor of Business Administration degree from the University of Texas in 1962 and his Master of Business Administration degree from the University of North Texas in 1963. The members of the general partner of general partner have determined that Mr. Allen’s business and financial experience with the Partnership and other companies within industry and his history of managing the majority of the properties held by the Partnership qualifies him to continue to serve on the Board of Managers.

James Raley

Mr. James E. Raley is Chief Operating Officer, Member of the Board of Managers of Dorchester Minerals LP. He has served as Chief Operating Officer and as a manager of Dorchester Minerals Management GP LLC and as Chief Operating Officer of Dorchester Minerals Operating GP LLC and Dorchester Minerals, L.P. since 2001. He had served as a general partner of Dorchester Hugoton since 1990. He received a Bachelor of Science degree in Mechanical Engineering from Texas Tech University in 1962. The members of the general partner of general partner have determined that Mr. Raley’s history of managing a portion of the properties held by the Partnership, as well as his long standing management experience with the Partnership, provides Board of Managers with considerable knowledge and understanding of the Partnership’s properties and its strategic matters and qualifies him to continue to serve on the Board of Managers.

Buford Berry

Mr. Buford P. Berry is an Independent Member of the Board of Managers of Dorchester Minerals LP. He has served as a manager and an Advisory Committee Member of Dorchester Minerals Management GP LLC since February 2003. He is currently of counsel to Thompson & Knight LLP, a Texas based law firm. Mr. Berry has been an attorney with Thompson & Knight LLP, serving in various capacities since 1963, including as Managing Partner from 1986 to 1998. He also currently serves on the Board of Directors of Holly Frontier Corporation. Mr. Berry previously served as a Vice Chairman of the Advisory Board of the Institute for Energy Law of the Center for American and International Law (formerly Southwestern Legal Foundation). He is a past Chairman of the Natural Resources Committee of the Taxation Section of the American Bar Association and a past Chairman of the Southwestern Legal Foundation Oil and Gas Tax Institute. From 1958 to 1960, Mr. Berry served as a Lieutenant in the United States Naval Reserve. He received his Bachelor of Business Administration degree in 1958 and his Bachelor of Laws Degree in 1963, both from the University of Texas. The members of the general partner of our general partner have determined that Mr. Berry’s experience advising companies in the oil and gas industry, as well as his experience serving as a member of the board of directors of Holly Frontier Corporation, qualify him to continue to serve on Board of Managers.

Martha Rochelle

Ms. Martha Ann Peak Rochelle is an Independent Member of the Board of Dorchester Minerals Management GP LLC, the general partner of Dorchester Minerals, L.P., effective July 13, 2013. She has served as a manager of Dorchester Minerals Management GP LLC since 2013. Ms. Rochelle earned a Bachelor of Arts with High Honors from the University of Texas in 1974 and a Juris Doctor from Southern Methodist University School of Law in 1976. Following law school, she clerked for a federal judge and then entered private practice. For a period of more than twenty years, her practice focused on corporate and tax-exempt finance. Ms. Rochelle continues to serve as an advisor to tax-exempt entities. The members of the general partner of general partner have determined that Ms. Rochelle’s legal experience in corporate and finance matters and other business experience qualifies her to continue to serve on the Board of Managers.

C. Russell

Mr. C. W. Russell is an Independent Member of the Board of Managers of Dorchester Minerals LP. He has served as a manager and an Advisory Committee Member of Dorchester Minerals Management GP LLC since May 2004. Mr. Russell was employed by KPMG, LLP and predecessor firms from 1967 until his retirement in 1995. Elected as a partner in 1974, Mr. Russell concentrated in the field of energy taxation and served in various capacities at KPMG including as National Director, technical tax services – energy and chairman of the KPMG International Petroleum Group. He co-authored Income Taxation of Natural Resources, from 1986 to 2000. He currently performs tax services and related accounting functions for independent oil and gas producers and individuals. Mr. Russell is a graduate of the University of Texas at Arlington and is a certified public accountant. The members of the general partner of general partner have determined that Mr. Russell’s financial and accounting background brings considerable financial experience to the Board of Managers and qualifies him to continue to serve on Board of Managers.

Ronald Trout

Mr. Ronald P. Trout is an Independent Member of the Board of Managers of Dorchester Minerals LP. currently serves on the Board of Trustees and Audit Committee of The Cushing MLP Total Return Fund, a New York Stock Exchange listed closed-end investment company. Mr. Trout previously served as an Advisor and Audit Committee member of Dorchester Hugoton, Ltd., one of predecessors, from 2001 through 2003 and a Director of Galaxy Energy Corporation from November 2006 through December 2008. He was a Senior Vice President and one of the founding partners of Hourglass Capital Management Corp., a Texas-based investment management company until his retirement in April 2001. Prior to the formation of Hourglass, he was a Senior Vice President of Mercantile Securities Corp., the trust investment arm of Mercantile Bank. Mr. Trout has been a Chartered Financial Analyst since 1970 and is a current member of the Dallas Association of Investment Analysts and past President of the Oklahoma Chapter of the Analysts Society. Mr. Trout received a B.S. and M.S. in Business Administration with a major in Finance from the University of Missouri. The members of the general partner of general partner have determined that Mr. Trout’s financial background brings considerable financial experience to the Board of Managers and qualifies him to continue to serve on Board of Managers.

Robert Vaughn

Mr. Robert C. Vaughn is an Independent Member of the Board of Managers of Dorchester Minerals LP. He has served as a manager of Dorchester Minerals Management GP LLC since 2001. Mr. Vaughn has served in various capacities with Vaughn Petroleum, LLC and affiliated entities since 1979, including as Chairman, President and Chief Executive Officer. He co-founded Republic Royalty Company in 1993 and Dorchester Minerals, L.P. in 2003. He received his Bachelor of Business Administration from the University of Texas at Austin. He currently serves on the Board of Trustees of the Culver Educational Foundation, the Development Board of The University of Texas at Austin and the Board of Visitors of the McDonald Observatory and Department of Astronomy of the University of Texas at Austin. The members of the general partner of general partner have determined that Mr. Vaughn’s education and experience as a founder and executive of the Partnership and of other companies within industry provides Board of Managers with considerable knowledge and understanding of strategic matters and qualifies him to continue to serve on the Board of Managers.

Basic Compensation

Name Fiscal Year Total

William McManemin

115,200

H. Allen

115,200

James Raley

115,200

Buford Berry

--

Martha Rochelle

--

C. Russell

--

Ronald Trout

--

Robert Vaughn

--
As Of 30 Dec 2013

Options Compensation

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