Dorchester Minerals, L.p. · NASDAQ:DMLP
Dorchester Minerals, L.p — Corporate Update (November 2016)
9 slides from Dorchester Minerals, L.p's corporate update, Nov 4, 2016
Slide 1: Mid-Year Update on Selected Activity
Dorchester Minerals, LP NASDAQ: DMLP Dorchester Minerals, LP Mid-Year Update on Selected Activity November 2016
Slide 2: Forward-Looking Statements
Dorchester Minerals, LP NASDAQ: DMLP Forward-Looking Statements Portions of this documentmay constitute, and our officers and representatives may fromtime to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act
Slide 3: Mid-Year Update on Selected Activity
Dorchester Minerals, LP NASDAQ: DMLP Mid-Year Update on Selected Activity * Core Midland Basin Activity — Glasscock County — Midland County — Reagan County * Royalty Production « Minerals NPI Production
Slide 4: Wolfcamp/Spraberry NPI Production (boepd)
Dorchester Minerals, LP NASDAQ: DMLP Core Midland Basin + Wolfcamp/Spraberry NPI Production (boepd) 700 — 229,000 gross ac (11,500 net ac) 600 GParticipation i @Non-Consent = Glasscock, Midland, Reagan and Upton 500 --aLegacy — Unleased depths in numerous tracts 400 | w wre 300 . a a 200 Be ae ' 100
Slide 5: Glasscock County Example
Dorchester Minerals, LP NASDAQ: DMLP Core Midland Basin * Glasscock County Example - 10,240 gross ac (1,120 net ac) with average NRI of 1.688% - Horizontal activity on 6 of 16 sections RSP Permian Calverley 9-4 (8 wells) + 6 wells producing — all in pay * 2 wells drillingWOC + — IP30 range: 587—-1,8
Slide 6: Midland County Example
Dorchester Minerals, LP NASDAQ: DMLP Core Midland Basin * Midland County Example - 2,749 gross ac (412 net ac) with average NRI of 1.875% — Produced 1,670,000 boe (gross) from 14 wells in first ten months Pioneer Natural Res. Preston 5 (24 wells) + 17 wells producing — all in pay + 7wells drilling W
Slide 7: Reagan County Example
Dorchester Minerals, LP NASDAQ: DMLP “Core Midland Basin « Reagan County Example - 19,760 gross ac (2,191 net ac) — Approximately 90% leased at 1/8'" royalty | Bast 34-39 #4412H (offset) Parsley Energy 1P24 - 2,420 boepd Bates (12 wells) 2 wells producing — none in pay \ 1 well drillingWOC 9 wells p
Slide 8: Royalty Properties
Dorchester Minerals, LP NASDAQ: DMLP Royalty Properties * Production by Product - Gas production declining due to reduced activity in Barnett and Fayetteville Shale — Oil production increasing as a result of Midland Basin activity Daily Oil Rate (boepd) Daily Gas Rate (Mcfd) Daily Plant Products Rat
Slide 9: Minerals NPI
Dorchester Minerals, LP NASDAQ: DMLP Minerals NPI * Production by Product - Gas production declining since 2014 due to reduced activity in Fayetteville Shale - Oil production stable despite reduced Bakken activity Daily Oil Rate (boepd) Daily Gas Rate (Mcfd) Daily Plant Products Rate (boepd) 10,000
Dorchester Minerals — Corporate Update (November 2016) on 6ix