Dorchester Minerals, L.P. is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). The Royalty Properties consist of producing and non-producing mineral, royalty, overriding royalty, net profits and leasehold interests located in approximately 570 counties and parishes in over 30 states. The NPIs represent net profits overriding royalty interests in various properties owned by the Company. In some wells, the Company owns both a royalty interest and a net profits interest. The Company owns varying undivided perpetual mineral interests in approximately 70,000/9,000 gross/net acres located in Burke, Divide, Dunn, McKenzie, Mountrail and Williams Counties, North Dakota of Horizontal Bakken, Williston Basin. The Company has spud over 640 wells, of which 580 are completed as producers.