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Dorchester Minerals ( (DMLP) ) has shared an update.
Dorchester Minerals, L.P. has struck a deal to acquire significant mineral and royalty interests across New Mexico and Texas, comprising around 14,529 net royalty acres, by exchanging common units with various contributors. This strategic move bolsters their portfolio with a majority of acreage in the prolific Delaware Basin and the remainder in the Midland Basin. Additionally, they secured overriding royalty interests in Colorado, adding approximately 1,204 net royalty acres to their growing assets. These acquisitions, expected to close by the end of September 2024, represent a savvy expansion for the Dallas-based entity in the energy market, without any current material relationships between the parties involved.
Find detailed analytics on DMLP stock on TipRanks’ Stock Analysis page.
