Texas Pacific Land Corp TPL

Energy Oil & Gas E&P

Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 873,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company operates in two segments. Its Land and Resource Management segment encompasses the business of managing its approximately 873,000 surface acres of land and its oil and gas royalty interests in West Texas, principally concentrated in the Permian Basin. This segment consists primarily of royalties from oil and gas, revenues from easements, commercial leases and renewables, and land and material sales. Its Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC (TPWR). These full-service water offerings include water sourcing, produced-water treatment, infrastructure development, and others. The Company also has net royalty acreage in the Midland Basin.

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Texas Pacific Land Corp

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Post by TrendCaster54on Nov 22, 2024 9:52am

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Texas Pacific Land (TPL) Climbs Ahead of S&P 500 Inclusion

TPL rose 4.9% premarket ahead of its S&P 500 entry, replacing Marathon Oil.
The milestone highlights its growth, paralleling MYNZ’s strategic biotech advancements that are building its market presence.

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