Profile: Texas Pacific Land Trust (TPL)
26 Jul 2016
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 operates through managing the land segment, including sales and leases of such land, and the retention of oil and gas royalties. It holds title to tracts of land in various West Texas counties. 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 do not actively solicit sales of land.
The Trust owns the surface estate in approximately 888,324 acres of land, consisting of various separate tracts, located in over 18 counties in the western part of Texas. The Trust also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under approximately 85,414 acres of land and a 1/16 nonparticipating perpetual oil and gas royalty interest under over 373,647 acres of land in the western part of Texas. The grazing leases are in effect on over 99% or approximately 888,588 acres of the Trust's land. The Trust entered 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