TPL - Texas Pacific Land Trust

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Texas Pacific Land Corporation operates primarily in land and resource management, as well as water services and operations. The company's Land and Resource Management segment oversees an extensive portfolio encompassing approximately 880,000 acres of land. Within this segment, Texas Pacific Land Corporation holds significant nonparticipating perpetual oil and gas royalty interests (NPRI) under approximately 85,000 acres and 371,000 acres, respectively, in addition to about 4,000 net royalty acres located in the western part of Texas. This segment is actively involved in easement activities, leasing land for various purposes including oil, gas, and hydrocarbon exploration, as well as power line and utility easements. It also engages in commercial leases for facilities such as processing, storage, compression, and roads, and conducts the sale of materials such as caliche.

The Water Services and Operations segment of Texas Pacific Land Corporation provides comprehensive water services tailored for operators in the Permian Basin. These services include water sourcing, produced-water gathering and treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services. The segment also benefits from royalties earned from water sourced from its vast land holdings. This diversified approach allows the company to capitalize on its extensive land and water rights while providing essential services to support the energy sector's operations.

Founded in 1888 and headquartered in Dallas, Texas, Texas Pacific Land Corporation has a rich history and deep-rooted presence in the management of land and resources. The company continues to leverage its strategic assets and expertise to navigate the dynamic energy landscape, ensuring sustainable growth and maximizing value for its shareholders. Through prudent stewardship and innovative solutions, Texas Pacific Land Corporation remains committed to advancing its leadership in land management and water services within the energy sector.

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