Dorchester Minerals Files 8-K on Asset Acquisition/Disposition

Ticker: DMLP · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1172358

Dorchester Minerals, L.P. 8-K Filing Summary
FieldDetail
CompanyDorchester Minerals, L.P. (DMLP)
Form Type8-K
Filed DateSep 30, 2024
Risk Levelmedium
Pages5
Reading Time6 min
Sentimentneutral

Sentiment: neutral

Topics: acquisition, disposition, assets

TL;DR

DM's making moves: 8-K filed for asset acquisition/disposition. Details TBD.

AI Summary

Dorchester Minerals, L.P. filed an 8-K on September 30, 2024, reporting the completion of an acquisition or disposition of assets. The filing also included Regulation FD disclosures, other events, and financial statements and exhibits. Specific details regarding the acquisition or disposition, including names, dollar amounts, and dates, are not provided in the excerpt.

Why It Matters

This filing indicates a significant change in Dorchester Minerals' asset portfolio, which could impact its future revenue and operational strategy.

Risk Assessment

Risk Level: medium — The filing indicates a material event (acquisition/disposition) that could significantly impact the company's financial performance and strategic direction.

Key Players & Entities

FAQ

What specific assets were acquired or disposed of by Dorchester Minerals, L.P.?

The provided excerpt does not specify the details of the assets acquired or disposed of.

What was the financial value of the transaction mentioned in the 8-K filing?

The excerpt does not disclose the dollar amounts associated with the acquisition or disposition of assets.

When did the reported acquisition or disposition of assets officially conclude?

The filing reports the earliest event date as September 30, 2024, which is also the date of the report.

Are there any specific parties involved in this asset transaction with Dorchester Minerals, L.P.?

The excerpt does not name any other parties involved in the asset acquisition or disposition.

What other events or disclosures are included in this 8-K filing besides the asset transaction?

The filing also includes Regulation FD disclosures, other events, and financial statements and exhibits.

Filing Stats: 1,620 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2024-09-30 16:20:14

Filing Documents

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. As previously reported on September 16, 2024, Dorchester Minerals, L.P., a Delaware limited partnership (the "Partnership"), entered into a Contribution and Exchange Agreement (the "Contribution and Exchange Agreement") on September 12, 2024, with West Texas Minerals LLC, a Delaware limited liability company, Carrollton Mineral Partners, LP, a Texas limited partnership ("CMP"), Carrollton Mineral Partners Fund II, LP, a Texas limited partnership, Carrollton Mineral Partners III, LP, a Texas limited partnership, Carrollton Mineral Partners III-B, LP, a Texas limited partnership, Carrollton Mineral Partners IV, LP, a Texas limited partnership, CMP Permian, LP, a Texas limited partnership, CMP Glasscock, LP, a Texas limited partnership, and Carrollton Royalty, LP, a Texas limited partnership (collectively, the "Contributors"), the terms and conditions of which provided for the Contributors to contribute certain interests in oil and gas properties, rights and related assets (the "Properties") to the Partnership in exchange for 6,721,144 common units representing limited partnership interests in the Partnership ("Common Units"), subject to adjustment pursuant to a customary title defect process. The Properties consist of mineral, royalty and overriding royalty interests in producing and non-producing oil and natural gas properties representing approximately 14,225 net mineral acres located in 14 counties across New Mexico and Texas. The Contribution and Exchange Agreement includes customary representations, warranties, covenants and indemnities of the Partnership and the Contributors and also provided for the Contributors to pay the Partnership at closing an amount of cash equal to the aggregate amount of cash receipts from or attributed to the Properties that were received by the Contributors during the period beginning July 1, 2024 and ending on September 30, 2024. No material relationships exist between

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 30, 2024, the Partnership issued a press release announcing the completion of two acquisitions of certain mineral, royalty and overriding royalty interests (the "Press Release"). On September 30, 2024, the Partnership released slides that contain historical information related to operational activity of Dorchester Minerals, L.P. A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated herein by reference and a copy of the slides are attached as Exhibit No. 99.2 and incorporated herein by reference. Limitation on Incorporation by Reference: In accordance with general instructions B.2 and B.6 of Form 8-K, the information in this Item 7.01 and Exhibit 99.1 is furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.

01 Other Events

Item 8.01 Other Events. On September 30, 2024, the Partnership completed an acquisition of mineral interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado. The transaction was structured as a non-taxable contribution and exchange. The contributing entity conveyed its interests to the Partnership in exchange for 530,000 common units representing limited partnership interests in the Partnership.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a)

Financial statements of businesses acquired

Financial statements of businesses acquired. The required financial statements of businesses acquired will be filed as an amendment to this Current Report on Form 8-K no later than 71 days after the date that this Current Report on Form 8-K is required to be filed. (b) Pro forma financial information. The required pro forma financial information will be filed as an amendment to this Current Report on Form 8-K no later than 71 days after the date that this Current Report on Form 8-K is required to be filed. (d) Exhibits. 2.1 Contribution and Exchange Agreement dated September 12, 2024, by and among Dorchester Minerals, L.P., West Texas Minerals LLC, Carrollton Mineral Partners, LP, Carrollton Mineral Partners Fund II, LP, Carrollton Mineral Partners III, LP, Carrollton Mineral Partners III-B, LP, Carrollton Mineral Partners IV, LP, CMP Permian, LP, CMP Glasscock, LP, and Carrollton Royalty, LP (incorporated by reference to Exhibit 2.1 to Dorchester Minerals, L.P. Current Report on Form 8-K filed with the SEC on September 16, 2024). 99.1 Press Release dated September 30, 2024 99.2 Slide Presentation is attached hereto as Exhibit 99.2. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DORCHESTER MINERALS, L.P. Date: September 30, 2024 By: /s/ Bradley J. Ehrman Bradley J. Ehrman Chief Executive Officer INDEX TO EXHIBITS Item Exhibit 2.1 Contribution and Exchange Agreement dated September 12, 2024, by and among Dorchester Minerals, L.P., West Texas Minerals LLC, Carrollton Mineral Partners, LP, Carrollton Mineral Partners Fund II, LP, Carrollton Mineral Partners III, LP, Carrollton Mineral Partners III-B, LP, Carrollton Mineral Partners IV, LP, CMP Permian, LP, CMP Glasscock, LP, and Carrollton Royalty,

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