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Texas Pacific Land Trust (TPL)

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Last Post: 1/22/2020 4:19:26 PM - Followers: 16 - Board type: Free - Posts Today: 5


Texas Pacific Land Trust

1700 Pacific Ave., Ste. 2770
Dallas, TX 75201
Phone: 214-969-5530
Fax: 214-871-7139


The Texas and Pacific Railway Company was the only railroad in Texas, and one of the few in the United States, to operate under a federal charter. Congress granted the charter March 3, 1871. With the end of the Civil War, the project to construct a southern transcontinental railroad was revived, and the Texas Pacific was given the right to build from Marshall, Texas, to San Diego, California. The company was granted a federal land grant of twenty sections of land per mile through California and forty sections through what are now Arizona and New Mexico and a state land grant of twenty sections in Texas.

Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Company following receivership. Holders of Texas and Pacific Railway Company bonds received 3.5 million acres of land in Texas which had been earned by the railroad and pledged as security against bonds. The bondholders created the Trust and converted bonds to shares of proprietary interest in the Trust. The Trust was created to manage and sell the land. Today the Trust is one of the largest landowners in Texas with around 887,698 acres located in eighteen different counties. Texas Pacific Land Trust derives revenue from all avenues of managing the land, i.e. oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.  The Trust has a perpetual oil and gas royalty interest in some 459,191 acres.

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. Generally speaking, if the Trust sells the surface estate in real property with respect to which it holds a perpetual oil and gas royalty interest, that oil and gas royalty interest is excluded from the sale and retained by the Trust.



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TPL News: Statement of Changes in Beneficial Ownership (4) 11:36 AM
TPL News: Current Report Filing (8-k) 07:44 AM
TPL News: Texas Pacific Land Trust Committee Recommends Conversion to a C-Corp Structure 07:30 AM
TPL News: Statement of Changes in Beneficial Ownership (4) 01/21/2020 12:56:37 PM
TPL News: Statement of Changes in Beneficial Ownership (4) 01/17/2020 11:34:15 AM
News News Alert: Statement of Changes in Beneficial Ownership (4) 01/22/2020 11:36:09 AM
#527  Sticky Note Declaration of Trust (2/01/1888) Enterprising Investor 04/10/19 09:48:32 AM
#1100   Interesting jittery reaction by the market to C Nestegg McMuffin 01/22/20 04:19:26 PM
#1099   Solves a potential issue. Material nonpublic information refers to Enterprising Investor 01/22/20 04:11:08 PM
#1098   Future business for TPL. We have talked about Aitkenresearch 01/22/20 10:04:45 AM
#1097   Not sure why TPL is releasing the news Aitkenresearch 01/22/20 09:51:26 AM
#1096   C Corp gets green light! https://www.tpltrust.com/investors/news-events/press-re Nestegg McMuffin 01/22/20 07:54:36 AM
#1095   WTI and Brent both just dropped ~$6. Nestegg McMuffin 01/17/20 01:51:19 PM
#1094   Something has made it make a decent pullback fung_derf 01/17/20 01:47:53 PM
#1093   $720? Not sure about that. Only 9 trading Nestegg McMuffin 01/17/20 01:24:10 PM
#1092   Hmmm, looks to me like I should have fung_derf 01/17/20 12:51:20 PM
#1091   Sadly, we can't return to the old TPL couldbebetter 01/13/20 09:58:11 PM
#1090   I am in the "old guy" camp. Enterprising Investor 01/13/20 08:58:21 PM
#1089   Yes, AAPL did it at a different time fung_derf 01/13/20 11:16:00 AM
#1088   Worked out well for AAPL! What was it? couldbebetter 01/13/20 11:13:42 AM
#1087   Yes. Poor Amazon, Google, and Tesla will never fung_derf 01/13/20 11:00:24 AM
#1086   fung_derf, Actually a stock split will not happen couldbebetter 01/13/20 10:53:12 AM
#1085   Guess this will be one of those "I fung_derf 01/13/20 10:44:13 AM
#1084   If TPL becomes a C Corp. a stock couldbebetter 01/11/20 09:04:26 AM
#1083   I can easily see a stock split as Nestegg McMuffin 01/10/20 12:41:46 PM
#1082   I'd be very surprised to see a stock fung_derf 01/10/20 12:10:37 PM
#1081   I think we’re going to see a stock Aitkenresearch 01/10/20 11:09:27 AM
#1080   Well I know one of the posters here fung_derf 01/09/20 11:56:02 AM
#1079   $945 is completely feasible if next earnings report Nestegg McMuffin 01/09/20 11:26:07 AM
#1078   I can't find my post where I predicted fung_derf 01/09/20 11:11:25 AM
#1077   Explains Stifel's coverage, Thanks! couldbebetter 01/08/20 08:33:17 PM
#1076   That and TPL’s recent investor relations hire Chris Nestegg McMuffin 01/08/20 07:59:43 PM
#1075   That explains it! Thanks for posting. (I couldbebetter 01/08/20 06:10:49 PM
#1074   Texas Pacific Land Trust initiated with a Buy ranchhand71 01/08/20 06:02:42 PM
#1073   $833 After Hours today!?!? Someone must expect couldbebetter 01/08/20 05:11:57 PM
#1072   TPL should have been down today with the couldbebetter 01/08/20 04:45:26 PM
#1071   LOL, you have very high expectations. Just take fung_derf 01/08/20 10:01:32 AM
#1070   Fantastic news for Apache Corp! This is couldbebetter 01/08/20 06:48:50 AM
#1069   Over $800 today. Too bad the SC couldbebetter 01/07/20 05:20:08 PM
#1068   Would appear so. If Middle East conflict escalates, Nestegg McMuffin 01/03/20 03:41:28 PM
#1067   The perfect storm is coming for TPL. ?? ?? Aitkenresearch 01/03/20 03:30:39 PM
#1066   “Oil prices spike after US drone strike kills Nestegg McMuffin 01/03/20 08:31:36 AM
#1065   Too bad the special committee has not completed couldbebetter 01/03/20 08:19:30 AM
#1064   TPL is perplexing because there is no way couldbebetter 01/02/20 09:10:21 AM
#1063   While this is a basic question, it’s one Aitkenresearch 01/01/20 06:50:57 PM
#1062   Horizon Kinetics newsletter says to me that a Nestegg McMuffin 01/01/20 01:45:50 PM
#1061   Having gone over the investor presentation several times, couldbebetter 12/30/19 07:26:41 AM
#1060   This is week number two. fung_derf 12/24/19 12:45:48 PM
#1059   Weekly MACD says this will go all the Nestegg McMuffin 12/24/19 11:34:51 AM
#1058   I definitely am a believer in holding your fung_derf 12/24/19 09:54:28 AM
#1057   Aitken, Once TPL becomes a C corp the couldbebetter 12/23/19 10:45:03 PM
#1056   I agree. Huge revenue jumps coming over the Nestegg McMuffin 12/23/19 06:55:29 PM
#1055   When it’s up over 250%+ in 3 years Aitkenresearch 12/23/19 06:04:28 PM
#1054   December update out...Committee will continue through the end couldbebetter 12/23/19 12:17:12 PM
#1053   My point being, if a stock takes 4 fung_derf 12/23/19 11:57:14 AM
#1052   It’s more of a forecast of a 1000 Aitkenresearch 12/23/19 11:32:01 AM
#1051   I'm thinking 2-3 weeks is paramount now. fung_derf 12/23/19 11:22:47 AM