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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001172358-04-000038.txt : 20040804
<SEC-HEADER>0001172358-04-000038.hdr.sgml : 20040804
<ACCEPTANCE-DATETIME>20040804113528
ACCESSION NUMBER:		0001172358-04-000038
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040630
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DORCHESTER MINERALS LP
		CENTRAL INDEX KEY:			0001172358
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				810551518
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50175
		FILM NUMBER:		04950464

	BUSINESS ADDRESS:	
		STREET 1:		3738 OAK LAWN
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		2145590300
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dmlp080404_8-k.txt
<DESCRIPTION>DMLP 2004 2Q EARNINGS 8/4/04
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                              ---------------------
                                    FORM 8-K
                            -------------------------

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

            Date of Report (Date of earliest event reported): August 4, 2004
                                                              --------------



                            DORCHESTER MINERALS, L.P.
                            -------------------------
             (Exact name of Registrant as specified in its charter)



          Delaware                       000-50175              81-0551518
      -----------------                  ---------              ----------
(State or other jurisdiction of         Commission            (I.R.S. Employer
 incorporation or organization)         File Number          Identification No.)




        3738 Oak Lawn, Suite 300                                    75219
              Dallas, Texas                                         -----
        ------------------------                                 (Zip Code)
(Address of principal executive offices)


       Registrant's telephone number, including area code:  (214) 559-0300
                                                            --------------

                                       N/A
                  ---------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)







<PAGE>




Item 7.  Financial Statements and Exhibits.

(c)      Exhibits
         --------
         99.1     Press Release dated August 4, 2004 Announcing Second
                  Quarter Results

Item 9.  Regulation FD Disclosure.

         See Item 12.  Results of Operations and Financial Condition.

Item 12. Results of Operations and Financial Condition.

         The Registrant is furnishing its press release dated August 3, 2004
which announces the Registrant's second quarter results. The press release is
attached hereto as Exhibit 99.1 and incorporated herein by reference.

         Limitation on Incorporation by Reference

         In accordance with general instructions B.2 and B.6 of Form 8-K, the
information in this report, including exhibits, is furnished pursuant to Items 9
and 12 and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, or otherwise subject to the liability of that
section.



<PAGE>


                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                   DORCHESTER MINERALS, L.P.
                                   Registrant

                               by  Dorchester Minerals Management LP
                                   its General Partner,
                               by  Dorchester Minerals Management GP LLC
                                   its General Partner



Date: August 4, 2004           By: /s/ William Casey McManemin
                                  -----------------------------
                                       William Casey McManemin
                                       Chief Executive Officer





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>dmlp080404_exh991.txt
<DESCRIPTION>DMLP 2004 2Q EARNINGS 8/4/04
<TEXT>
Exhibit 99.1


NEWS RELEASE                                           Dorchester Minerals, L.P.

Release Date:         August 4, 2004               3738 Oak Lawn Ave., Suite 300
                                                        Dallas, Texas 75219-4379
Contact:              Casey McManemin                             (214) 559-0300

- --------------------------------------------------------------------------------



           DORCHESTER MINERALS, L.P. ANNOUNCES SECOND QUARTER RESULTS

        DALLAS, TEXAS -- Dorchester Minerals, L.P. (the "Partnership") announced
today the  Partnership's net earnings for the second quarter ended June 30, 2004
of $7,308,000, or $0.26 per common unit.

        A comparison of the Partnership's results for the three and six month
periods ending June 30, 2004 and 2003, are set forth below:

                             Three Months Ended           Six Months Ended
                                  June 30,                    June 30,
                        ---------------------------- ---------------------------
                        -------------- ------------- ------------- -------------
                              2004          2003          2004         2003
                         ------------- ------------- ------------- -------------
 Net Operating Revenues  $ 13,380,000  $ 11,300,000  $ 26,821,000  $ 25,256,000
 Depreciation, Depletion,
   Amortization            (5,022,000)   (6,672,000)  (10,323,000)  (11,643,000)
 Non-Cash Impairment                -   (22,214,000)            -   (22,214,000)
 All Other Expenses, Net   (1,050,000)   (1,342,000)   (2,539,000)   (6,384,000)
                         ------------- ------------- ------------- -------------
 Net Earnings (Loss)     $  7,308,000  $(18,928,000) $ 13,959,000  $(14,985,000)
                         ============= ============= ============= =============
 Net Earnings (Loss)
  Per Common Unit        $       0.26  $      (0.68) $       0.50  $      (0.60)


        The Partnership's net operating revenues during the three months ending
June 30, 2004 are higher than the same 2003 period primarily as a result of
increased crude oil and natural gas sales prices. Depreciation, depletion and
amortization decreased in 2004 compared to 2003 mainly as a result of a 2003
non-cash impairment which reduced the 2004 depletion basis. Net other expenses
decreased during the second quarter 2004 compared to 2003 due primarily to the
receipt of litigation settlements in 2004 and payment of organizational costs in
2003. Net earnings comparison of 2004 to 2003 periods are impacted by the 2003
non-cash impairment charge in accordance with full-cost accounting rules and by
January 2003 charges by a predecessor entity prior to the January 31, 2003
creation of the Partnership. The Partnership's cash distributions are not
comparable to its net earnings due to timing and other differences including
depletion.

        Dorchester Minerals, L.P. is a Dallas area based owner of producing and
non-producing crude oil and natural gas mineral, royalty, overriding royalty,
net profits, and leasehold interests and its common units trade on the Nasdaq
Stock Market under the symbol DMLP.

FORWARD-LOOKING STATEMENTS

        Portions of this document may constitute "forward-looking statements" as
defined by federal law. Such statements are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
projected. Examples of such uncertainties and risk factors include, but are not
limited to, changes in the price or demand for oil and natural gas, changes in
the operations on or development of the Partnership's properties, changes in
economic and industry conditions and changes in regulatory requirements
(including changes in environmental requirements) and the Partnership's
financial position, business strategy and other plans and objectives for future
operations. These and other factors are set forth in the Partnership's filings
with the Securities and Exchange Commission.

                                      -30-

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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