Dorchester Minerals, L.P. Announces Acquisition Of Mineral Interests; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Dorchester Minerals, L.P. (DMLP) has completed the acquisition of approximately 1,485 net royalty acres of mineral interests in Colorado. The deal was structured as a non-taxable contribution and exchange, with the contributing entities receiving 505,369 DMLP common units in return. DMLP is a Dallas-based entity with interests in oil and gas sectors across 28 states.
March 28, 2024 | 8:44 pm
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Dorchester Minerals, L.P. has expanded its portfolio through the acquisition of mineral interests in Colorado, potentially enhancing its revenue base.
The acquisition of mineral interests in Colorado could potentially increase DMLP's revenue base and profitability by expanding its portfolio in the oil and gas sector. Given the strategic nature of the acquisition and the addition of significant assets, this move is likely to be viewed positively by investors, potentially leading to a short-term uptick in DMLP's stock price.
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