TPL - Texas Pacific Land Trust - Stock & Dividends

Texas Pacific Land Corporation is a unique company that has been around since 1888, with a rich history in land and resource management, as well as water services and operations. At its core, the company owns a significant amount of land in West Texas, totaling around 195,000 net royalty acres, which generates revenue through oil and gas royalties.

The Land and Resource Management segment is responsible for overseeing the company's vast land holdings, which includes managing surface acres of land, as well as oil and gas royalty interests. This segment also grants easements to companies, allowing them to transport oil, gas, and related hydrocarbons, as well as build power lines, utilities, and subsurface wellbore easements. Additionally, the company leases its land for various purposes, such as building processing, storage, and compression facilities, as well as roads. It also sells materials like caliche, sand, and other materials, and occasionally sells land to interested buyers.

The Water Services and Operations segment is a crucial part of the company's business, providing a range of water-related services to operators in the Permian Basin. This includes sourcing water, treating produced water, developing infrastructure, and providing disposal solutions. The company also earns revenue from produced water royalties. By offering these services, Texas Pacific Land Corporation plays a vital role in supporting the oil and gas industry in West Texas.

Headquartered in Dallas, Texas, the company has a strong online presence, with more information available on its website at https://www.texaspacific.com. With its diverse range of businesses and long history, Texas Pacific Land Corporation is a significant player in the land and resource management, as well as water services and operations industries.