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): October 11,
2007
DORCHESTER
MINERALS, L.P.
(Exact
name of Registrant as specified in its charter)
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Delaware
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000-50175
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81-0551518
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(State
or other jurisdiction of
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Commission
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(I.R.S.
Employer
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incorporation
or organization
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File
Number
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Identification
No.)
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3838
Oak Lawn, Suite 300, Dallas,
Texas 75219
(Address
of principal executive offices) (Zip Code)
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
2.02 Results
of Operations and Financial Condition
The
Registrant is furnishing its press release dated October 11, 2007 which
announces the Registrant's quarterly distribution to partners. The
press release is attached hereto as Exhibit 99.1 to this Form 8-K and
incorporated herein by reference.
Item
7.01
And
9.01 Regulation
FD Disclosure and Financial Statements and Exhibits
(c) Exhibits
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99.1
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Press
Release dated October 11, 2007 announcing the Registrant's quarterly
cash
distribution to partners. The press release is attached hereto
as Exhibit 99.1 and incorporated herein by
reference.
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See
Item 2.02. Results of Operations and Financial
Condition.
Limitation
on Incorporation by
Reference
In
accordance with general instructions B.2 and B.6 of Form 8-K, the information
disclosed in this report under Item 7.01, including Exhibit 99.1, is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of
the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liability of that section, and shall not be deemed incorporated by reference
into any filing under the Securities Act of 1933, as amended.
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:
October 11, 2007
By:
/s/ William Casey McManemin
William
Casey McManemin
Chief
Executive Officer
NEWS
RELEASE Dorchester
Minerals, L.P.
Release
Date: October 11, 2007 3838
Oak Lawn Ave., Suite
300
0;
Dallas,
Texas
75219-4541
Contact: Casey
McManemin
Telephone
(214)
559-0300
Facsimile
(214) 559-0301
DORCHESTER MINERALS, L.P. ANNOUNCES ITS THIRD QUARTER DISTRIBUTION
DALLAS,
TEXAS -- Dorchester Minerals, L.P. announced today the Partnership’s third
quarter 2007 cash distribution. The distribution of $.560502 per
common unit represents activity for the three month period ended
September 30, 2007 and is payable on November 5, 2007 to common unit
holders of record as of October 23, 2007.
Cash
receipts attributable to the Partnership’s Net Profits Interests during the
third quarter totaled $6,161,000. These receipts generally reflect oil and
gas
sales from the properties underlying the Net Profits Interests during May 2007
through July 2007. Approximately $548,000 of gross capital expenditures,
primarily attributable to drilling and completion activity, was paid by the
owner of the working interests in the properties underlying the Net Profits
Interests during June 2007 through August 2007. Cash receipts attributable
to
the Partnership’s Royalty Properties during the third quarter totaled
$10,588,000. These receipts generally reflect oil sales during June 2007 through
August 2007 and gas sales during May 2007 through July 2007.
The
Partnership received approximately $617,000 of other cash receipts during the
third quarter and identified 123 new wells completed on the Partnership’s Net
Profits Interests and Royalty Properties located in 48 counties and parishes
in
11 states.
Dorchester
Minerals, L.P. is a Dallas based owner of producing and non-producing oil and
natural gas mineral, royalty, overriding royalty, net profits, and leasehold
interests located in 25 states. Its common units trade on the Nasdaq Global
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.