TPL

Texas Pacific Land Corporation is a publicly traded land and resource management company that owns roughly 880,000 acres of surface land and over 220,000 net royalty acres primarily in the Permian Basin of West Texas. Its core business generates oil and gas royalty payments, easement fees, and lease revenues, while a growing water‑services segment supplies, treats, and disposes of water for hydraulic fracturing operations. Operating in the energy and real‑estate sectors, TPL is one of the largest private landowners in Texas and a leading provider of water infrastructure to shale producers. The company’s unique combination of extensive surface ownership, royalty streams, and water‑service capabilities gives it a distinctive position in the Permian energy ecosystem.