Texas Pacific Land Corp

Texas Pacific Land Corporation operates as a diversified resource company with primary operations in the Permian Basin. The company manages approximately 489,000 net royalty acres and generates revenue through oil and gas royalty interests, land and resource management, and water services. Its Land and Resource Management segment derives income from nonparticipating perpetual oil and gas royalties, easements for transportation of hydrocarbons and utilities, land leasing for processing and storage facilities, and the sale of materials including caliche and sand. The company also engages in periodic land sales.

The Water Services and Operations segment provides integrated water management solutions to Permian Basin operators, including water sourcing, produced-water treatment, infrastructure development, and disposal services. This segment also generates revenue from produced water royalties. The company holds a 1/128th nonparticipating perpetual royalty interest under approximately 85,000 acres and a 1/16th interest under approximately 371,000 acres, supplemented by approximately 33,000 additional net royalty acres.

Based in Dallas, Texas, the company operates with a workforce of 114 full-time employees. Texas Pacific Land was incorporated in Delaware and traces its origins to 1888. The company is publicly traded on the New York Stock Exchange.