Dorchester Minerals, L.P. Announces Consummation Of Midland Basin Lease Transaction
Portfolio Pulse from Benzinga Newsdesk
Dorchester Minerals, L.P. has leased 243 net acres in Reagan County, Texas for $30,000 per acre and a 25% royalty. It also amended an existing lease on two separate tracts of land in the same county for $18,750 per acre. The total payment of approximately $11.8 million will be included in the Partnership's fourth quarter distribution to unitholders.
November 07, 2023 | 7:23 pm
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POSITIVE IMPACT
Dorchester Minerals' recent lease transactions in Reagan County, Texas could potentially increase the company's asset base and future revenues. The $11.8 million payment will impact the fourth quarter distribution to unitholders.
The lease transactions indicate Dorchester Minerals' strategic expansion in Reagan County, Texas. This could potentially increase the company's asset base and future revenues. The $11.8 million payment, which will be included in the fourth quarter distribution, could impact the company's financial performance and shareholder returns in the short term.
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