(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
New Revenue Stream Opens Up With Natural Gas Decarbonization
2024-10-02 - Could a lower carbon revenue stream, focused on hydrogen and solid carbon, open up for natural gas players?
Air Liquide, TotalEnergies Partner to Produce Hydrogen
2024-11-25 - The hydrogen will be produced and used at Air Liquide and TotalEnergies' La Mède biorefinery in France to produce biodiesel and sustainable aviation fuel.
Gulf Coast, Midwest Hydrogen Hubs Land up to $2.2B in DOE Funding
2024-11-20 - The funding, awarded by the Department of Energy, is part of up to $7 billion the U.S. allocated to establish hydrogen hubs across the country.
US Hydrogen Concerns Linger as Next Administration Nears White House
2024-12-11 - BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
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.