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): November
6, 2008
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 November 6, 2008 which
announces the Registrant's results for the quarter ended September 30,
2008. 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 November 6, 2008 announcing the Registrant's results for the
quarter ended September 30, 2008. 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:
November 6, 2008
By: /s/ William Casey
McManemin
William
Casey McManemin
Chief
Executive Officer
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NEWS
RELEASE
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Dorchester
Minerals, L.P.
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Release
Date:
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November
6, 2008
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3838
Oak Lawn Ave., Suite 300
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Dallas,
Texas 75219-4541
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Contact:
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Casey
McManemin
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(214)
559-0300
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DORCHESTER
MINERALS, L.P. ANNOUNCES THIRD QUARTER RESULTS
DALLAS,
TEXAS -- Dorchester Minerals, L.P. (the “Partnership”) announced
today the Partnership’s net earnings for the third quarter ended September 30,
2008 of $18,590,000 or $0.64 per common unit.
A
comparison of results for the periods ended September 30, 2008 and September 30,
2007 is set forth below:
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Three
Months Ended
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Nine
Months Ended
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September
30,
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September
30,
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2008
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2007
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2008
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2007
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Net
Operating Revenues
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$ | 24,487,000 | $ | 14,716,000 | $ | 74,747,000 | $ | 47,043,000 | ||||||||
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Net
Earnings
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$ | 18,590,000 | $ | 9,474,000 | $ | 57,166,000 | $ | 30,679,000 | ||||||||
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Net
Earnings Per Common Unit
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$ | 0.64 | $ | 0.33 | $ | 1.97 | $ | 1.05 | ||||||||
The Partnership previously declared its
third quarter distribution in the amount of $0.948472 per common unit payable on
November 3, 2008 to common unit holders of record as of October 20,
2008. The Partnership’s cash distributions are not comparable to its
net earnings due to timing and other differences including
depletion.
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 Global Select 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.