Key Developments For Dorchester Minerals, L.P.
Dorchester Minerals, L.P. (DMLP.O) (Nasdaq)
Dorchester Minerals L.P. Announces Second Quarter Distribution
Dorchester Minerals L.P. announced the second quarter 2009 cash distribution. The distribution of $0.271354 per common unit represents activity for the three-month period ended June 30, 2009 and is payable on August 3, 2009 to common unitholders of record as of July 24, 2009.
Dorchester Minerals L.P. Announces the Acquisition of Producing and Non-Producing Mineral and Royalty Interests
Dorchester Minerals L.P. announced that it has consummated the acquisition of producing and non-producing mineral and royalty interests located in Tarrant County, Texas from multiple parties. The properties consist of varying undivided mineral and overriding royalty interests in six tracts totaling approximately 1820 acres in what is commonly referred to as the Core Area of the Barnett Shale Trend. All of the mineral interests were leased in 2003 to a predecessor of Chesapeake Energy Corporation, the current operator of and majority working interest owner in the properties. Approximately 577 acres of the subject lands are pooled into six units totaling 1800 acres, approximately 1129 acres are developed on a lease basis and the remaining lands are leased but not pooled or drilled upon. Thirty-two wells have been drilled from eleven padsites located on or adjacent to the properties, of which twenty-six wells are completed for production, six have been drilled but not yet completed and one well is currently drilling. Permits have been issued for three additional wells to be drilled on the properties. The aggregate net revenue interest in the properties ranges from 0.5% to 20.0%.
Dorchester Minerals L.P. Announces Definitive Agreements to Acquire Producing and Nonproducing Mineral and Royalty
Dorchester Minerals L.P. announced that it has executed definitive agreements to acquire producing and nonproducing mineral and royalty interests located in Tarrant County, Texas from multiple parties. The properties consist of varying undivided mineral and overriding royalty interests in six tracts totaling approximately 1820 acres in what is commonly referred to as the Core Area of the Barnett Shale Trend. All of the mineral interests were leased in 2003 to a predecessor of Chesapeake Energy Corporation, the current operator of and majority working interest owner in the properties.
Dorchester Minerals L.P. Announces Its First Quarter Distribution
Dorchester Minerals L.P. announced the distribution of $0.401205 per common unit represents activity for the three-month period ended March 31, 2009 and is payable on May 7, 2009 to common unitholders of record as of April 27, 2009.
Dorchester Minerals L.P. Announces Its Fourth Quarter Distribution
Dorchester Minerals L.P. announced the distribution of $0.542081 per common unit represents activity for the three month period ended December 31, 2008 and is payable on February 5, 2009 to common unitholders of record as of January 26, 2009.
