Dorchester Minerals

(DMLP)

Dorchester Minerals, L.P. (Partnership) is a limited partnership formed on the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. The company is listed on NASDAQ as an MLP structure and in late 2016 carried a $489 million market cap and an approximate yield of 6.3%.

A 2016 rweview noted that the company's portfolio was 80% royalty and 20% nonoperated working interest. Diverse portfolio with 8 primary regions and 45% liquids.

The Partnership is engaged in the acquisition, ownership and administration of Net Profits Interests and Royalty Properties. The Net Profits Interests represent net profits overriding royalty interests in various properties owned by the operating partnership. The Royalty Properties consist of producing and non-producing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states.

The Partnership’s general partner is Dorchester Minerals Management LP, which is managed by its general partner, Dorchester Minerals Management GP LLC. Its general partner also controls and owns, directly and indirectly, all of the partnership interests in Dorchester Minerals Operating LP and its general partner.