Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PEAK PRESTON A
   2. Issuer Name and Ticker or Trading Symbol
DORCHESTER MINERALS LP [DMLP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3838 OAK LAWN AVENUE, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2005
(Street)

DALLAS, TX 75219		 4. If Amendment, Date Original Filed(Month/Day/Year)
01/04/2006		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Units 12/31/2005   J   142,396 D (1) 0 I .
Common Units 12/31/2005   J   1,075,458 D (2) 0 I .
Common Units 12/31/2005   J   358,482 A (3) 358,554 I . (3)
Common Units 12/31/2005   J   358,482 A (4) 358,482 I . (4)
Common Units 12/31/2005   J   12,179 A (5) 12,179 I . (5)
Common Units 12/31/2005   J   488,711 A (6) 488,711 I . (6)
Common Units               358,486 I . (7)
Common Units               1,000 I . (8)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PEAK PRESTON A
3838 OAK LAWN AVENUE
SUITE 300
DALLAS, TX 75219		   X      

Signatures

 /s/ Preston A. Peak   03/14/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 4MP Family Limited Partnership was dissolved effective 12/31/05 and its units were distributed to its partners. 4MP Corp. was the general partner of 4MP Family Limited Partnership. The Peak Revocable Living Trust is the shareholder of 4MP Corp. Mr. Peak is the trustee of the Peak Revocable Living Trust and Mr. Peak and his spouse are the beneficiaries.
(2) 4MP Children's Limited Partnership was dissolved effective 12/31/05 and its units were distributed to its partners. 4MP Corp. was the general partner of 4MP Children's Limited Partnership. The Peak Revocable Living Trust is the shareholder of 4MP Corp. Mr. Peak is the trustee of the Peak Revocable Living Trust and Mr. Peak and his spouse are the beneficiaries.
(3) The P A Peak Trust for Mary Lee Peak received a distribution of units from the 4MP Children's Limited Partnership. Mr. Peak disclaims beneficial ownership of those common units owned by the P. A. Peak FBO Mary Lee Peak Trust established for the benefit of his daugher. Mr. Peak is the trustee of the trust.
(4) The Preston A Peak Trust for Margaret J. Peak received a distribution of units from the 4MP Children's Limited Partnership. Mr. Peak disclaims beneficial ownership of those common units owned by the Preston A. Peak FBO Margaret J. Peak Trust established for the benefit of his daughter. Mr. Peak is the trustee of the trust.
(5) 4MP Corp received a distribution of units from the 4MP Family Limited Partnership and the 4MP Children's Limited Partnership. Mr. Peak and his spouse are the beneficiaries of the Peak Revocable Living Trust and Mr. Peak is the trustee of the trust. The trust is the shareholder of 4MP Corp.
(6) The Peak Revocable Living Trust received a distribution of units from the 4MP Family Limited Partnership and the 4MP Children's Limited Partnership. Mr. Peak and his spouse are the beneficiaries of the Peak Revocable Living Trust and Mr. Peak is the trustee of the trust.
(7) Mr. Peak disclaims beneficial ownership of those common units owned by the Preston A. Peak FBO Martha Ann Peak Trust established for the benefit of his daughter. Mr. Peak is the trustee of the trust.
(8) The common units are held by Hugoton Nominee, Inc. Mr. Peak and his spouse are the beneficiaries of the Peak Revocable Living Trust, which is the shareholder of Hugoton Nominee, Inc.

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