Profile: Texas Pacific Land Trust (TPL)
31 Jul 2015
Texas Pacific Land Trust (the Trust), incorporated in 1888, is engaged in managing land, including royalty interests, for the benefit of its owners. The Trust's income is derived primarily from land sales, oil and gas royalties, easements, grazing and sundry leases, interest on notes receivable and interest on investments. The Trust is a passive seller of land and does not actively solicit sales of land. As of December 31, 2013, the Trust has sold a total of 1,950 acres and 310 town lots, totaling approximately 21 acres.
As of February 15, 2015, Texas Pacific Land Trust owned the surface estate in approximately 889,022 acres of land, consists of numerous separate tracts, located in 18 counties in the western part of Texas. The Trust also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land and a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas. At December 31, 2014, grazing leases were in effect on over 99% or approximately 907,588 acres of the Trust's land. The Trust enters into grazing leases with many different local ranchers which grant the ranch owner lessees the right to graze livestock on the Trust's properties.
Texas Pacific Land Trust
1700 Pacific Ave Ste 2770
DALLAS TX 75201-4661