Dorchester Minerals LP

Dorchester Minerals, L.P. is a publicly traded limited partnership that acquires, owns, and manages royalty properties and net profits interests. The company is focused on oil and natural gas properties in the continental United States. Dorchester Minerals has been in operation since 2003 and has interests in various basins across the country, with its largest positions in the Permian Basin and the Bakken Formation.

Owning mineral and royalty interests across over 1 million gross acres, the company holds both producing and nonproducing mineral interests and does not directly engage in exploration or development activities and assets that produce oil, natural gas liquids, and natural gas, which provide revenue through royalty payments and net profit distributions.

As of December 31, 2022, Dorchester Minerals had total estimated proved oil and gas reserves of over 15.5 million barrels of oil equivalent. Over 80% of the partnership's reserves are attributable to its mineral and royalty interests, and for 2022, the company reported cumulative LP Distributions of $1.2 Billion and gross revenue $64.9 MM.

The partnership distributions provide an efficient way for unitholders to participate in the cash flows generated by Dorchester Minerals' portfolio of mineral and royalty assets. The partnership has consistently paid quarterly distributions for over 15 years and does not utilize debt or commodity hedging in its strategy. Management interests are aligned with unitholders through substantial ownership of partnership equity.