Texas Pacific Land Corporation holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. The Land and Resource Management segment manages various land and related resources in West Texas. This segment has oil and gas royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and leases land. It owns approximately 880,000 acres of land comprising various separate tracts located in 19 counties in the West Texas. This segment also owns a 1/128th nonparticipating perpetual oil and gas royalty interest under 85,000 acres of land, as well as a 1/16th nonparticipating perpetual oil and gas royalty interest under 371,000 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 4,000 net royalty acres. The Water Service and Operations segment offers water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.
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