Dorchester Minerals, L.P. (Partnership) is engaged in the acquisition, ownership and administration of Royalty Properties and Net Profits Interests (NPIs). Partnership is a limited partnership formed on the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. the Company owns two categories of properties: Royalty Properties and NPIs. The Royalty Properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states. The NPIs represent net profits overriding royalty interests in various properties owned by the operating partnership. The Company’s general partner is Dorchester Minerals Management LP, which is managed by its general partner, Dorchester Minerals Management GP LLC.