TPL

Texas Pacific Land Trust operates as a land trust that manages a significant portfolio of land in Texas, originally acquired through a federal charter for railroad construction. The Trust generates revenue primarily through royalties from oil and gas production on its land, particularly in the Permian Basin, and has a subsidiary, Texas Pacific Water Resources, which provides water services to oil and gas operators. The Trust's history includes the management of mineral rights and land development since its establishment following the bankruptcy of the Texas and Pacific Railway.