Texas Pacific Land Corporation

Texas Pacific Land Corporation is a publicly traded Dallas, Texas company that owns roughly 880,000 acres of land and mineral rights across West Texas, concentrated in the Permian Basin. It earns most of its revenue from oil and gas royalties, with additional income from water services tied to hydraulic fracturing and from surface leases, easements, and materials sales. The company traces its origins to an 1888 land trust formed after the bankruptcy of the Texas and Pacific Railway, and it converted from a trust to a corporation in 2021.