(Source: Shutterstock.com; Dorchester Minerals)
Dallas-based Dorchester Minerals has completed its acquisition of approximately 1,485 net royalty acres in two Colorado counties, the company said on March 28. The locations of the interests were not disclosed.
The contributing entities conveyed interests to Dorchester in exchange for 505,369 of the company’s common units. Based on Dorchester’s unit price of roughly $34, the deal was valued at about $17 million.
Dorchester said the transaction was structured as a non-taxable contribution and exchange.
Recommended Reading
NGP Backs Wing Resources with $100MM to Buy Permian Mineral Interests
2025-04-02 - Wing Resources VIII, which is backed by NGP Royalty Partners III, will focus on acquiring “high-quality” mineral and royalty interests across the Permian Basin, the company said.
Exxon Mobil Vice President Karen McKee to Retire After 34 Years
2025-04-02 - Matt Crocker will succeed Karen T. McKee as vice president of Exxon Mobil and president of its product solutions company.
Double Eagle Team Re-Ups in Permian, Backed by EnCap’s $2.5B
2025-04-02 - The fifth iterations of Double Eagle Energy and its minerals subsidiary, Tumbleweed Royalty, have received a $2.5 billion equity commitment from EnCap Investments LP—the day the E&P finalized a $4.1 billion sale to Diamondback Energy.
Waterous Raises $1B PE Fund for Canadian Oil, Gas Investments
2025-04-01 - Waterous Energy Fund (WEF) raised US$1 billion for its third fund and backed oil sands producer Greenfire Resources.
Kissler: Gas Producers Should Still Hedge on Price
2025-03-27 - Recent price jumps and rising demand don’t negate the need to protect against future drops.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.