Dorchester Minerals, L.p. · NASDAQ:DMLP
Dorchester Minerals, L.p — Corporate Update (December 2018)
7 slides from Dorchester Minerals, L.p's corporate update, Dec 3, 2018
Slide 1: Mid-Year Update
Dorchester Minerals, LP MID-YEAR UPDATE December, 2018 ‘= NASDAQ?
Slide 2: Royalty and NPI Production
Dorchester Minerals, L.P. DMLP =NASDAQ- Royalty and NPI Production Royalty Production NPI Production * Oillargely driven by robust Midland * Oil was driven by Bakken participation Basin development and recent contributions from Permian * Gas decline is suppressed by associated APOinterests gas from
Slide 3: Minerals NPI
Dorchester Minerals, L.P. DMLP Minerals NPI Activity from August 2013 through October 2018 * NPI deficits in 2018 are due to 46 new Bakken capital commitments totaling $15MM + NPI deficit as of October 2018 is $4.8MM with $10.8MM of cash retained for capital commitments + NPI payments to DMLP for tr
Slide 4: Minerals NPI
Dorchester Minerals, L.P. DMLP Minerals NPI Trailing 12 Months Activity through October 2018 * Trailing 12 months operating margin of 71% Outstanding Capital Commitments By Play Trailing 12 Months Revenue $26.1MM men ($15.5MM) Trailing 12 Months Expenses (LOE, taxes, etc.) (S7.7 MM) Other Basins ($_
Slide 5: Bakken/Three Forks
Dorchester Minerals, L.P. DMLP Bakken/Three Forks McKenzie County + 320gross ac (104 net ac) + Average NRI > 3.960% (2,633-acre unit) + Participated with unleased mineral interest Continental Resources Uhlman-Pittsburgh Unit (20 wells) 4wellsproducing—16 wells spud/WOC Participated in all producinga
Slide 6: Midland Basin
Dorchester Minerals, L.P. Midland Basin Northern Upton County * Leased at all depths in 9,372 gross ac (428 net ac) * Unleased at various depths in 12,899 gross ac (500 net ac) + DMOLP has backed-in with full APO working interest in 45 horizontal wells + 21 additional horizontal wells have been spud
Slide 7: Delaware Basin
Dorchester Minerals, L.P. DMLP ‘= NASDAQ? Delaware Basin Winkler County a Avy * Wolfcamp / Bone Springs Mad cot * Varying undivided perpetual mineral interests in \ ‘ \ : \ 6,400 gross acres in Block 27 3 a + 90% leased/HBP with average NRI of 8.940% XX [topo seinttmentn Fo Sarva, (NE * Recent activ
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