Dorchester Minerals, L.P. announced the completion of an acquisition of mineral and royalty interests on October 30, 2026. The transaction involves the purchase of assets located in the Williston Basin in North Dakota.
The acquiring entity, Dorchester Minerals, L.P., a Delaware limited partnership based in Dallas, Texas, entered into a Contribution and Exchange Agreement with Hillside Exploration Assets, LLC on October 16, 2026. The agreement was finalized on October 30, 2026.
Under the terms of the agreement, Hillside Exploration Assets contributed specific oil and gas properties, rights, and related assets to Dorchester Minerals. In exchange, Dorchester Minerals issued 1,250,000 common units representing limited partnership interests to the contributor. The offer and sale of these units are registered under the Partnership’s Form S-4 registration statements.
The properties acquired consist of mineral and royalty interests in both producing and non-producing oil and natural gas properties. The total acreage involved in the transaction is approximately 4,300 net royalty acres. These assets are located across three counties within the Williston Basin in North Dakota.
The transaction was structured as a non-taxable contribution and exchange. The Contribution and Exchange Agreement included customary representations, warranties, covenants, and indemnities. Additionally, the agreement stipulated that the Contributor would pay the Partnership an amount of cash equal to the aggregate cash receipts attributed to the Properties received by the Contributor on or after July 1, 2026.
Dorchester Minerals, L.P. is the owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, and net profits interests located in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.
