Texas Pacific Land Corp
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Item 2. Properties
As of December 31, 2023, TPL owned the surface estate in 868,446 acres of land, comprised of numerous separate tracts, located in the western part of Texas. There were no material liens or encumbrances on the Company’s title to the surface estate in those tracts. Additionally, the Company also owns a 1/128th NPRI under 84,934 acres of land (5,308 NRA) and a 1/16th NPRI under 370,737 acres of land (185,369 NRA) in the western part of Texas. The following table shows our surface ownership and NPRI ownership by county as of December 31, 2023:
| Number of Acres | |||
|---|---|---|---|
| County | Surface | 1/128thRoyalty | 1/16thRoyalty |
| Andrews | 12,121 | — | — |
| Callahan | — | — | 80 |
| Coke | — | — | 1,183 |
| Concho | 2,592 | — | — |
| Crane | 3,622 | 265 | 5,198 |
| Culberson | 270,893 | — | 111,513 |
| Ector | 19,888 | 33,633 | 11,793 |
| El Paso | 16,613 | — | — |
| Fisher | — | — | 320 |
| Glasscock | 27,227 | 3,600 | 11,111 |
| Howard | 4,788 | 3,099 | 1,840 |
| Hudspeth | 154,247 | — | 1,008 |
| Jeff Davis | 8,293 | — | 7,555 |
| Loving | 63,284 | 6,107 | 48,066 |
| Midland | 28,372 | 12,945 | 13,120 |
| Mitchell | 3,842 | 1,760 | 586 |
| Nolan | 1,600 | 2,488 | 3,157 |
| Palo Pinto | — | — | 800 |
| Pecos | 43,377 | 320 | 16,895 |
| Presidio | — | — | 3,200 |
| Reagan | — | 6,162 | 1,274 |
| Reeves | 187,320 | 3,013 | 116,691 |
| Stephens | — | 2,817 | 160 |
| Sterling | 5,212 | 640 | 2,080 |
| Taylor | 690 | — | 966 |
| Upton | 6,661 | 6,903 | 9,101 |
| Winkler | 7,804 | 1,182 | 3,040 |
| Total | 868,446 | 84,934 | 370,737 |
As of December 31, 2023, the Company owned additional royalty interests in the following counties:
| County | Number of Net Royalty Acres(1) |
|---|---|
| Culberson | 810 |
| Glasscock | 1,062 |
| Howard | 770 |
| Loving | 10 |
| Martin | 578 |
| Midland | 450 |
| Reagan | 115 |
| Reeves | 191 |
| Upton | 315 |
| Total | 4,302 |
(1) Normalized to 1/8th.
The Company leases office space in Dallas, Texas for its corporate headquarters and in Midland, Texas for TPWR.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.