- Dorchester's acquisition adds 4,600 net royalty acres in various areas including the Permian Basin, the Eagle Ford and the Powder River Basin.
- Common unit count increases to around 37 million.
- Q3 2021 distribution was a bit lower than I expected, largely due to the timing of payment receipts reflecting periods of lower oil prices.
- Value-weighted production appears to have increased slightly compared to Q2 2021.
- Thus a $0.60+ per unit distribution still appears reasonable to expect at current oil and gas prices.
For further details see:
Dorchester Minerals: Timing Of Receipts Appears To Have Reduced The Q3 2021 Distribution