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Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction
Oct 02, 2024•over 1 year ago
Contract Type
partnership
DallasEnergyOil And Gasoil & energy
Description
Texas Pacific Land Corporation (TPL) announced the closing of a partnership for the acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. The acquired interests span approximately 7,490 net royalty acres across the Midland Basin in Martin, Midland, and other counties, with over 80% adjacent to or overlapping existing TPL surface and royalty acreage.
Company Information
Company
Texas Pacific Land Corporation
Location
1700 Pacific Ave
Dallas, Texas, United States
About
Texas Pacific Land Corp. (TPL) is a land management company with a focus on managing and improving its land and royalty interests in the State of Texas. It engages in the sales, leases, and management of a portion of its land, as well as the retention of oil and gas royalties.
DallasEnergyOil And Gasoil & energy