3 unchanged sentences
Dorchester Hugoton was a publicly traded Texas limited partnership, and Republic and Spinnaker were private Texas limited partnerships.
−Removed: We have established a website at www.dmlp.net that contains the last annual meeting presentation and a link to the NASDAQ website.
−Removed: You may obtain all current filings free of charge at our website.
+Added: We have established a website at www.dmlp.net that contains the last annual meeting presentation.
+Added: You may obtain all current filings free of charge through our website.
We will provide electronic or paper copies of our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished to the Securities and Exchange Commission (“SEC”) free of charge upon written request at our executive offices.
9 unchanged sentences
Our General Partner and the Operating Partnership are Delaware limited partnerships, and the general partners of their general partners are Delaware limited liability companies.
−Removed: On July 12, 2023, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral and royalty interests totaling approximately 900 net royalty acres located in 13 counties and parishes across Louisiana, New Mexico, and Texas in exchange for 343,750 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
−Removed: On August 31, 2023, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral and royalty interests totaling approximately 568 net royalty acres located in three counties in Texas in exchange for 374,000 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
−Removed: On September 29, 2023, pursuant to a non-taxable contribution and exchange agreement with an unrelated third party, the Partnership acquired mineral and royalty interests totaling approximately 716 net royalty acres located in three counties in Texas in exchange for 494,000 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
On March 28, 2024, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral interests totaling approximately 1,485 net royalty acres located in two counties in Colorado in exchange for 505,369 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
−Removed: On September 30, 2024, pursuant to a non-taxable contribution and exchange agreement with an unrelated third party, the Partnership acquired overriding royalty interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado in exchange for 530,000 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
+Added: On September 30, 2024, pursuant to a non-taxable contribution and exchange agreement with an unrelated third party, the Partnership acquired royalty interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado in exchange for 530,000 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
On September 30, 2024, pursuant to a non-taxable contribution and exchange agreement with West Texas Minerals LLC, a Delaware limited liability company, Carrollton Mineral Partners, LP, a Texas limited partnership, Carrollton Mineral Partners Fund II, LP, a Texas limited partnership, Carrollton Mineral Partners III, LP, a Texas limited partnership, Carrollton Mineral Partners III-B, LP, a Texas limited partnership, Carrollton Mineral Partners IV, LP, a Texas limited partnership, CMP Permian, LP, a Texas limited partnership, CMP Glasscock, LP, a Texas limited partnership, and Carrollton Royalty, LP, a Texas limited partnership, the Partnership acquired mineral, royalty, and overriding royalty interests in producing and non-producing oil and natural gas properties representing approximately 14,225 net mineral acres located in 14 counties across New Mexico and Texas in exchange for 6,721,144 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statements on Form S-4.
−Removed: Our primary business objective is to provide an attractive yield to our unitholders by focusing on strategically managing our assets and protecting our balance sheet, while maintaining a best-in-class cost structure.
+Added: On August 29, 2025, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral interests totaling approximately 3,050 net royalty acres located in Adams County, Colorado in exchange for 915,694 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership’s registration statement on Form S-4.
+Added: Our primary business objective is to provide an attractive yield to our unitholders by focusing on strategically managing our assets and protecting our balance sheet, while striving to minimize our cost structure.
We intend to accomplish this objective by executing the following strategies:
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We expect to benefit from continued operator development and believe the new production will help offset other mature property production declines.
−Removed: Seek to acquire from time to time, accretive mineral or other interests in producing oil and natural gas properties that meet our acquisition criteria.
+Added: Seek to acquire from time to time, accretive mineral or other interests in producing oil and natural gas properties.
Since our formation, we have acquired, and may have additional opportunities from time to time in the future to acquire, mineral, royalty, or net profits interests in producing or non-producing oil and natural gas properties.
−Removed: We prefer to issue equity as consideration in contribution and exchange transactions.
+Added: We prefer to issue equity as consideration in non-taxable contribution and exchange transactions.
Maintain a conservative capital structure.
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Except in connection with qualifying acquisitions, we do not currently anticipate issuing additional partnership securities.
−Removed: We have an effective registration statement registering 10,000,000 common units that may be offered and issued by the Partnership from time to time in connection with asset acquisitions or other business combination transactions.
−Removed: At present, 7,340,018 units remain available under the Partnership’s registration statement.
+Added: We have effective registration statements registering 22,659,982 common units that may be offered and issued by the Partnership from time to time in connection with asset acquisitions or other business combination transactions.
+Added: At present, 19,084,306 units remain available under the Partnership’s registration statements.
Many aspects of the production, pricing and marketing of oil and natural gas are regulated by federal and state agencies.
26 unchanged sentences
The loss of any single customer is mitigated by our diversified customer base and individually insignificant properties, and we do not believe that the loss of any single customer would have a long-term material adverse effect on our financial position or results of operations.
−Removed: Royalty revenues from properties operated by Exxon Mobil Corporation and Diamondback Energy, Inc., together, represented approximately 31% of total operating revenues for the year ended December 31, 2024.
+Added: Royalty revenues from properties operated by Exxon Mobil Corporation and its subsidiaries and Chevron Corporation and its subsidiaries, together, represented approximately 25% of total operating revenues for the year ended December 31, 2025.
The oil and natural gas industry is intensely competitive, and we compete with other companies that have greater resources.
3 unchanged sentences
Our ability to acquire additional mineral, royalty, overriding royalty, net profits, and similar interests in the future will be dependent upon our ability to evaluate and select suitable properties and to consummate transactions in a highly competitive environment mainly by issuing equity.
−Removed: In addition, because we have fewer financial and human resources than many companies in our industry, we may be at a disadvantage in bidding for these and other oil and natural gas properties.
+Added: In addition, because we have fewer financial and human resources than many companies in our industry, we may be at a disadvantage in bidding for additional oil and natural gas properties.
Further, oil and natural gas compete with other forms of energy available to customers, primarily based on price.
42 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.