Dorchester Minerals, L.P. announced on October 16, 2026, that it has entered into a Contribution and Exchange Agreement with Hillside Exploration Assets, LLC. Under the terms of the agreement, Dorchester will acquire mineral and royalty interests from Hillside in exchange for 1,250,000 common units representing limited partnership interests in Dorchester.
The transaction involves the contribution of properties, rights, and related assets located in the Williston Basin in North Dakota. The acquired interests cover approximately 4,300 net royalty acres across three counties. The properties include both producing and non-producing oil and natural gas interests.
In addition to the unit consideration, the Contributor is required to pay the Partnership an amount of cash equal to the aggregate cash receipts attributed to the Properties that were received by the Contributor on or after July 1, 2026. The transaction is structured as a non-taxable contribution and exchange agreement.
Dorchester Minerals expects the acquisition to close on October 30, 2026, subject to customary closing conditions. The Partnership is a Dallas-based owner of mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.
