-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I17PjRWQOsaG7a8YScJafhiduRuRSeznbrXPwZfDDIioVqaJ3Pa/mRJyQJy938oY 1Y7rcUe57qXzdYF5l0p4zw== 0001172358-06-000035.txt : 20060629 0001172358-06-000035.hdr.sgml : 20060629 20060629104133 ACCESSION NUMBER: 0001172358-06-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060628 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060629 DATE AS OF CHANGE: 20060629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DORCHESTER MINERALS LP CENTRAL INDEX KEY: 0001172358 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 810551518 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50175 FILM NUMBER: 06932069 BUSINESS ADDRESS: STREET 1: 3838 OAK LAWN STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75219-4541 BUSINESS PHONE: 2145590300 MAIL ADDRESS: STREET 1: 3838 OAK LAWN STREET 2: SUITE 300 CITY: DALLAS STATE: TX ZIP: 75219-4541 8-K 1 arklease062006_8-k.txt 8K RE ARK LEASE TRANSACTION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- FORM 8-K ------------------------- CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 29, 2006 -------------- DORCHESTER MINERALS, L.P. ------------------------- (Exact name of Registrant as specified in its charter) Delaware 000-50175 81-0551518 ----------------- --------- ---------- (State or other jurisdiction of Commission (I.R.S. Employer incorporation or organization) File Number Identification No.) 3838 Oak Lawn, Suite 300 75219 Dallas, Texas ----- ------------------------ (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: (214) 559-0300 -------------- N/A --------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below): [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other On June 29, 2006, the registrant announced consummation of a lease transaction on certain of the Registrant's mineral interests in Arkansas. The disclosure provided in the copy of the press release attached as Exhibit 99.1 with respect to the leasing transaction is hereby incorporated by reference into this Item 8.01 with respect to such leasing transaction. Item 9.01 Financial Statements and Exhibits (d) Exhibits -------- 99.1 Press Release dated June 29, 2006 announcing consummation of Arkansas Lease Transaction. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DORCHESTER MINERALS, L.P. Registrant by Dorchester Minerals Management LP its General Partner, by Dorchester Minerals Management GP LLC its General Partner Date: June 29, 2006 By: /s/ William Casey McManemin ----------------------------- William Casey McManemin Chief Executive Officer EXHIBIT INDEX ------------- 99.1 Press Release dated June 29, 2006. EX-99 2 arklease062006_exh91.txt RELEASE DATED 06/28/2006 RE ARK LEASE TRANS Exhibit 99.1 NEWS RELEASE Dorchester Minerals, L.P. Release Date: June 29, 2006 3838 Oak Lawn Ave., Suite 300 Dallas, Texas 75219-4541 Contact: Casey McManemin Telephone (214) 559-0300 Facsimile (214) 559-0301 - ------------------------------------------------------------------------------- DORCHESTER MINERALS, L.P. ANNOUNCES CONSUMMATION OF ARKANSAS LEASE TRANSACTION DALLAS, TEXAS -- Dorchester Minerals, L.P. announced today the successful consummation of a series of transactions pursuant to which the Partnership leased its interest in lands located in the Fayetteville Shale Trend of Northern Arkansas to a large independent oil and gas exploration company. As previously announced, the Partnership entered into an agreement on March 30, 2006 to lease its interest in certain lands located in Cleburne, Conway, Faulkner, Franklin, Johnson, Pope, Van Buren, and White Counties, Arkansas. The Partnership received a non-refundable payment in the amount of $616,000, which amount was included in the Partnership's first quarter distribution to unitholders. The agreement provided 90 days for title due diligence and documentation. On June 28, 2006 the Partnership leased its average 8.6% mineral interest in 179 sections of land in these eight counties and received additional payments totaling $5,535,000. This amount will be included in the second quarter distribution to unitholders. The leases reflect one-fourth royalty and five year primary terms. Assuming the lands are pooled into 640 acre units, the Partnership will own an average 2.1% net royalty interest in each well drilled in these sections. In addition to the basic lease terms, the Partnership has the option to participate for an average 3.5% net working interest in 117 of 179 sections. The Partnership has exercised this option in one section. In addition, the Partnership elected not to lease its interest totaling 260 net mineral acres in four sections located in the Gravel Hill Field area of Conway County. The Partnership's optional working interest in the leased lands and the unleased mineral interest in the Gravel Hill Field area have been assigned to Dorchester Minerals Operating, L.P. pursuant to the existing Net Profits Interest agreements. Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests and its common units trade on the Nasdaq Stock Market under the symbol DMLP. FORWARD-LOOKING STATEMENTS Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership's properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership's financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----