Dorchester Minerals closed acquisitions of mineral and royalty interests in the D-J Basin (pictured) and the Permian Basin. (Source: Shutterstock.com/ Dorchester Minerals)
Dorchester Minerals LP closed two acquisitions of mineral and royalty interests in the Permian and Denver-Julesburg (D-J) basins.
Both transactions were structured as non-taxable contribution and exchanges.
The first transaction included mineral, royalty and overriding royalty interests totaling 14,529 acres across 14 counties in New Mexico and West Texas. Approximately 65% of the acreage is in the Permian’s Delaware Basin, with the remaining 35% located in the Midland Basin.
The contributing parties conveyed their interests to Dorchester in exchange for 6,721,144 common units representing limited partnership interests in Dorchester Minerals LP.
In a separate transaction, Dorchester agreed to acquire overriding royalty interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado, from an unrelated third party. Weld County overlays the D-J Basin.
The seller conveyed the interests in exchange for 530,000 common units representing limited partnership interests in Dorchester.
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Dorchester Inks Deals for Midland, Delaware and D-J Basin Interests
With a market value of approximately $1.2 billion, Dallas-based Dorchester Minerals is among the largest publicly traded minerals and royalties players.
Other major public players include Texas Pacific Land, Viper Energy Partners, Black Stone Minerals, Sitio Royalties and Kimbell Royalty Partners.
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