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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): February 24, 2011


DORCHESTER MINERALS, L.P.
(Exact name of Registrant as specified in its charter)



Delaware
  
000-50175
  
81-0551518
(State or other jurisdiction of
  
Commission
  
(I.R.S. Employer
incorporation or organization
  
File Number
  
Identification No.)


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):

 o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
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Item 2.02 
Results of Operations and Financial Condition

The Registrant is furnishing its press release dated February 24, 2011 which announces the Registrant's results for the year ended December 31, 2010.  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
     
 
99.1
Press Release dated February 24, 2011 announcing the Registrant's results for the year ended December 31, 2010.  The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
     
   
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: February 24, 2011
By: /s/  William Casey McManemin
William Casey McManemin
Chief Executive Officer

 
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Dorchester Minerals, L.P. Announces 2010 Results

DALLAS, Feb. 24, 2011 /PRNewswire/ -- Dorchester Minerals, L.P. (the "Partnership") (Nasdaq: DMLP) announced today the Partnership's net earnings for the year ended December 31, 2010 of $34,883,000, or $1.11 per common unit.

A comparison of the Partnership's consolidated results for the twelve month periods ending December 31, 2010 and 2009 are set forth below:



Twelve Months Ended


December 31,


2010

2009

Operating Revenues

$61,094,000

$43,631,000

Net Earnings

34,883,000

21,681,000

Net Earnings Per Common Unit

$1.11

$0.72




The Partnership's operating revenues during the twelve months ending December 31, 2010 are higher than 2009 primarily as a result of increased oil and natural gas sales prices.

The Partnership's independent engineering consultants estimated its total proved oil and gas reserves to be 81.7 billion cubic feet of natural gas equivalents (bcfe) as of December 31, 2010.  Approximately 30.6% of these reserves are attributable to the Partnership's Net Profits Interests and 69.4% are attributable to its Royalty Properties.  Natural gas accounted for 75.5% of proved reserves as of December 31, 2010, all of which were classified as proved developed producing.

The Partnership received cash payments in the amount of $3,862,000 during 2010, attributable to lease bonus on 103 leases and pooling elections in lands located in 32 counties and parishes in eight states.  These leases reflected bonus payments ranging up to $5,010/acre and initial royalty terms ranging up to 26 percent.  In 2010 the Partnership identified 348 new wells located in 10 states on our Royalty Properties and 57 new wells located in six states on our Net Profits Interests Properties.

The Partnership distributed a total of $51.7 million to its common unitholders from May 2010 through February 2011 attributable to 2010 activity.

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.


Contact:

Casey McManemin

(214) 559-0300






CONTACT:  Casey McManemin, +1-214-559-0300, for Dorchester Minerals, L.P.