Dallas-based Dorchester Minerals said this week it agreed to purchase interests in Permian Basin for about $215 million. About 65 percent of the acreage is in Delaware Basin and 35 percent in Midland Basin. The agreements are for mineral, royalty and overriding royalty interests in Delaware and Midland basins. Dorchester’s announcement Sept. 16 – with third parties that include Carrollton Mineral Partners – include 14,529 net royalty acres in 14 counties across west Texas and southeastern New Mexico.
Closing is scheduled Sept. 30. Dorchester Minerals owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests in 28 states.