Texas Pacific Land Corporation (NYSE: TPL) is a land management and mineral rights company that holds the largest private land position in Texas, encompassing approximately 880,000 acres. The company generates revenue primarily through royalties on oil and gas production, sales of surface land parcels, and water infrastructure services. Its operations include the development and maintenance of pipelines, well and fracturing water delivery systems, and related facilities to support energy producers in the Permian Basin.
Through its mineral interest portfolio, Texas Pacific Land Corporation receives royalty payments on hydrocarbons produced from its acreage, positioning the company to benefit from ongoing activity in one of the most prolific oil and gas regions in North America. The firm’s water services division provides fresh and recycled water supply solutions and related logistics, a critical offering as operators seek efficient and cost-effective sources of water for well completions and field operations.
Founded in 1888 as the successor to the Texas and Pacific Railway Company’s land holdings, Texas Pacific Land has a long history of land management and resource stewardship in West Texas. Its acreage is concentrated in Reeves County and adjacent counties, where it has invested in infrastructure to support drilling and water delivery. The company’s headquarters are located in Dallas, Texas, and it maintains regional offices to oversee field operations and asset management.
Texas Pacific Land Corporation is led by President and Chief Executive Officer Jeremiah M. Stover, who has guided the company’s strategic expansion of its water services and royalty management businesses. The board of directors and executive team oversee asset development, land sales, and regulatory compliance, aiming to maximize long-term value for shareholders while maintaining responsible resource management practices.
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