Texas Pacific Land Trust (NYSE: TPL) — Company Overview, News & Financial Data
Texas Pacific Land Trust manages extensive land resources in Texas, focusing on sustainable development and natural resource maximization.
Texas Pacific Land Trust
Texas Pacific Land Trust is a real estate and resource management company owning extensive land and mineral rights across West Texas, primarily within the Permian Basin. The company operates two main business segments: Land and Resource Management and Water Services and Operations. Its primary revenue streams are generated from oil and gas royalty interests, surface leases, easements, material sales, and comprehensive water management services. These water services include sourcing, treatment, recycling, and disposal of water used in energy production. By managing surface acreage and oil and gas interests, the company supports oil and gas development while capitalizing on Permian Basin resources.
Snapshot
Operations
Products and/or services of Texas Pacific Land Trust
- Oil and Gas Royalties: Management of non-participating perpetual oil and gas royalty interests across extensive acreage in the Permian Basin of West Texas, deriving revenue from third-party hydrocarbon production and well development across the region.
- Surface Rights Management: Provision of surface land leases, pipeline easements, electric line rights-of-way, and temporary permits across West Texas acreage to support industrial activity, infrastructure installation, commercial facilities, and renewable energy projects.
- Water Sourcing and Delivery: Supply and transport of brackish water and treated water through extensive distribution pipeline infrastructure to upstream oil and gas operators conducting hydraulic fracturing and completion operations in the Permian Basin.
- Water Treatment and Recycling: Recycling and industrial treatment of produced water generated during oil and natural gas production, converting wastewater into reusable water supplies for energy operators active across West Texas field operations.
- Produced Water Disposal: Gathering, pipeline transportation, and deep subsurface injection disposal of produced water via owned and managed salt water disposal wells and related gathering systems across Permian Basin production fields.
- Material and Caliche Sales: Commercial extraction and sale of surface aggregate materials, primarily caliche, gravel, and fill dirt, utilized by energy producers and contractors for well site preparation, access road construction, and infrastructure projects.
Texas Pacific Land Trust executive team
- Mr. Tyler GloverPresident, CEO & Trustee
- Mr. Chris SteddumChief Financial Officer
- Mr. Micheal W. Dobbs J.D.Senior VP, Secretary & General Counsel
- Ms. Stephanie D. BuffingtonChief Accounting Officer
- Mr. Shawn AminiVice President of Finance & Investor Relations
- Mr. Robert A. CrainExecutive Vice President of Texas Pacific Water Resources LLC
- Mr. Jeremy SmithSenior Vice President of Business Development
- Ms. Katie KeenanSenior VP of Commercial Transactions and Assistant General Counsel