Texas Pacific Land Trust (NYSE:TPL) reported today the consummation of
the previously announced contract for the sale of approximately 19,607
acres of land in Upton/Crane Counties, Texas for aggregate consideration
of $19,840,000. The Trust noted that land sales vary widely from year to
year and quarter to quarter, and that this sale should not be considered
indicative of the volume of land sales that may be expected in any
future period.
This news release may contain forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements regarding the Trust's future operations
and prospects, the markets for real estate in the areas in which the
Trust owns real estate, applicable zoning regulations, the markets for
oil and gas, production limits on prorated oil and gas wells authorized
by the Railroad Commission of Texas, expected competitions, management's
intent, beliefs or current expectations with respect to the Trust's
future financial performance and other matters. We assume no
responsibility to update any such forward-looking statements.
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