Dorchester Minerals announces $15.5M settlement agreement

Dorchester Minerals (DMLP) and Dorchester Minerals Operating have entered into a settlement and mutual release agreement with unrelated third parties. The settlement agreement resolves ordinary course litigation affecting certain leasehold in Midland County, Texas, which is owned by the Operating Partnership and subject to the net profits interest. The Operating Partnership received proceeds of $15.5M, which will be included in the calculation of the April net profits interest payment to Dorchester Minerals.