Texas Pacific Land Corp
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
As of December 31, 2024, we owned the surface estate in 873,136 acres of land, comprised of numerous separate tracts, principally located in the Permian Basin. There were no material liens or encumbrances on our title to the surface estate in those tracts. Additionally, we own 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 Permian Basin. The following table shows our surface ownership and NPRI ownership by county as of December 31, 2024(1):
| 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 | 270,853 | — | 111,513 |
| Ector | 19,888 | 33,633 | 11,793 |
| El Paso | 16,613 | — | — |
| Fisher | — | — | 320 |
| Glasscock | 27,227 | 3,600 | 11,111 |
| Howard | 5,156 | 3,099 | 1,840 |
| Hudspeth | 154,247 | — | 1,008 |
| Jeff Davis | 8,293 | — | 7,555 |
| Lea(2) | 640 | — | — |
| Loving | 63,070 | 6,107 | 48,066 |
| Martin | 3,943 | — | — |
| Midland | 28,365 | 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 | 873,136 | 84,934 | 370,737 |
(1) Counties are located in the State of Texas unless otherwise noted.
(2) County is located in the State of New Mexico.
As of December 31, 2024, we owned additional royalty interests in the following counties(1):
| County | Number of NRA |
|---|---|
| Culberson | 4,947 |
| Ector | 73 |
| Glasscock | 2,057 |
| Howard | 1,245 |
| Lea(2) | 59 |
| Loving | 215 |
| Martin | 2,779 |
| Midland | 2,513 |
| Reagan | 591 |
| Reeves | 246 |
| Upton | 974 |
| Ward | 192 |
| Winkler | 6 |
| Total | 15,897 |
(1) Counties are located in the State of Texas unless otherwise noted.
(2) County is located in the State of New Mexico.
We lease office space in Dallas, Texas for our 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.