Dorchester Minerals Expands Williston Basin Holdings with New Royalty Acquisition
DMLP sits 22% above its 52-week low of $20.85.
Summary
Dorchester Minerals, L.P. has agreed to acquire mineral and royalty interests, totaling approximately 3,100 net royalty acres, within the Williston Basin. This acquisition is valued at approximately $21.5 million and will be made in exchange for 850,000 common units issued by Dorchester Minerals. The company's asset base in this key oil and gas region will be expanded by the deal, which was disclosed in an 8-K filing minutes before the news. The transaction is expected to close on July 31, 2026.
At the time of this announcement, DMLP was trading at $25.37 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $20.85 to $28.95. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.