dmlp20140710_8k.htm

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): July 10, 2014

 

 

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):

 

 [ ] 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 July 10, 2014 which announces the Registrant's cash distribution for the quarter ended June 30, 2014.  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 July 10, 2014 announcing the Registrant's cash distribution for the quarter ended June 30, 2014. 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: July 10, 2014

 

   
 

By: /s/  William Casey McManemin

 

William Casey McManemin

Chief Executive Officer

 

 

2

dmlp20140710_8k.htm

Exhibit 99.1

 

NEWS RELEASE

Dorchester Minerals, L.P.

 

Release Date:

July 10, 2014

3838 Oak Lawn Ave., Suite 300

   

Dallas, Texas 75219-4541

Contact:

Casey McManemin

(214) 559-0300

 


 

DORCHESTER MINERALS, L.P. ANNOUNCES ITS SECOND QUARTER DISTRIBUTION

 

DALLAS, TEXAS — Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s second quarter 2014 cash distribution. The distribution of $0.490861 per common unit represents activity for the three-month period ended June 30, 2014 and is payable on July 31, 2014 to common unitholders of record as of July 21, 2014.

 

Cash receipts attributable to the Partnership’s Royalty Properties during the second quarter totaled approximately $14.4 million. These receipts generally reflect oil sales during March through May 2014 and gas sales during February through April 2014. Cash receipts attributable to the Partnership’s Net Profits Interests during the second quarter totaled approximately $2.4 million. These receipts reflect oil and gas sales from the properties underlying the Net Profits Interests generally during February through April 2014.

 

Cash receipts attributable to lease bonus and other income during the second quarter totaled approximately $0.5 million.

 

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 Select Market under the symbol DMLP.

 

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

 

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.