Dorchester Minerals to Buy Williston Royalty Acres in Stock Deal
The E&P partnership agreed to a non-taxable contribution and exchange for about 4,300 net royalty acres across three North Dakota counties.
Dorchester Minerals, L.P. (DMLP) agreed to acquire mineral and royalty interests totaling approximately 4,300 net royalty acres located in three counties across the Williston Basin in North Dakota.
The partnership entered into a non-taxable contribution and exchange agreement with an unrelated third party. Consideration is 1,250,000 common units representing limited partnership interests in Dorchester Minerals, L.P., an all-stock structure.
The deal is expected to close on October 30, 2026, subject to customary closing conditions.
The partnership said the transaction is a non-taxable contribution and exchange. The unrelated third party will receive the 1,250,000 common units as the full consideration for the mineral and royalty package.
The acquired interests sit in three counties across the Williston Basin in North Dakota. The company did not disclose a cash price, a premium, or a per-acre value in the release.
Closing remains subject to customary conditions. The partnership framed the transaction as a contribution and exchange rather than a cash purchase, with the unit issuance as the sole stated consideration.
Dorchester Receipts Draw Heavily From Prior-Period Proceeds