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Texas Pacific Land Trust (TPL)

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Last Post: 11/17/2018 7:41:53 AM - Followers: 14 - Board type: Free - Posts Today: 0

Texas Pacific Land Trust

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


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) 11/16/2018 04:46:55 PM
TPL News: Quarterly Report (10-q) 11/07/2018 04:28:41 PM
TPL News: Current Report Filing (8-k) 10/31/2018 04:34:41 PM
TPL News: Texas Pacific Land Trust Announces Third Quarter 2018 Financial Results 10/31/2018 04:25:00 PM
TPL News: Statement of Changes in Beneficial Ownership (4) 10/12/2018 04:07:56 PM
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#221  Sticky Note Horizon Kinectics 1st Quarter Commentary (4/2018) Enterprising Investor 04/22/18 11:29:19 PM
#351   I have not posted here for some time. couldbebetter 11/17/18 07:41:53 AM
#350   Momentum of TPL’s variables? -On the way Aitkenresearch 11/16/18 08:03:35 PM
#349   Goldman's 'negative gamma' theory for oil drop https://www.bloomberg.com/news Nestegg McMuffin 11/16/18 11:34:24 AM
#348   I also have hung on, but I still fung_derf 11/16/18 11:20:06 AM
#347   Maybe you should have looked at this one? ;o) Enterprising Investor 11/16/18 10:50:28 AM
#346   Don't bet on it. I find nothing in fung_derf 11/15/18 05:21:11 PM
#345   Looks like we hit bottom today. Basically back Nestegg McMuffin 11/15/18 03:18:11 PM
#344   OPEC warns Trump about the dangers of cheap Enterprising Investor 11/15/18 11:22:23 AM
#343   Yes, I've noticed I haven't gotten a residual fung_derf 11/15/18 11:06:06 AM
#342   Without enough oil workers, thousands of Permian Basin Enterprising Investor 11/15/18 07:54:43 AM
#341   Excellent question. Enterprising Investor 11/15/18 07:40:43 AM
#340   Right, but I also own SBR and it fung_derf 11/14/18 04:01:04 PM
#339   5 reasons oil prices are in a history-setting Enterprising Investor 11/14/18 03:50:52 PM
#338   U.S. oil prices have fallen for 12 consecutive Enterprising Investor 11/14/18 03:49:57 PM
#337   So then, your best guess for the share fung_derf 11/14/18 03:21:22 PM
#336   Highly confident that shares are/were being taken out Enterprising Investor 11/14/18 03:10:59 PM
#335   Ain't that the truth. Here's some context on Nestegg McMuffin 11/14/18 12:20:00 PM
#334   Don't necessarily disagree, but the difference between a fung_derf 11/14/18 11:24:25 AM
#333   Don't think Horizon was tanking the stock though Nestegg McMuffin 11/14/18 10:52:10 AM
#332   The biggest concern I have always had about fung_derf 11/14/18 10:33:00 AM
#331   Keep your nerve. In three years time, this Nestegg McMuffin 11/14/18 10:14:26 AM
#330   Looks to me like support on this stock fung_derf 11/14/18 09:58:59 AM
#329   What the heck is going on here? I've fung_derf 11/14/18 09:50:55 AM
#328   You have to take the long, deep view Nestegg McMuffin 11/08/18 11:11:57 AM
#327   Quarterly Purchases Enterprising Investor 11/07/18 07:46:42 PM
#326   TPL cash on hand was $110.617 million at Enterprising Investor 11/07/18 07:38:10 PM
#325   I always start my research pre-Great Recession, and bar1080 11/03/18 12:51:16 PM
#324   This is how TPL has performed over the Enterprising Investor 11/03/18 12:26:09 PM
#323   Pumped like a penny bar1080 11/03/18 11:19:02 AM
#322   Added 10 shares @ $667 56Chevy 11/02/18 11:22:29 AM
#321   Feelin' stronger every day... Enterprising Investor 11/01/18 11:06:52 PM
#320   Apparently some think it Could Be Better. I've bar1080 11/01/18 09:38:46 PM
#319   Oil price wobble and weak hand panic over Nestegg McMuffin 11/01/18 09:30:31 PM
#318   Stellar increased in net income. Long term potential Nestegg McMuffin 10/31/18 06:43:05 PM
#317   Texas Pacific Land Trust Announces Third Quarter 2018 Enterprising Investor 10/31/18 04:59:46 PM
#316   Heading north once more. Looking forward to earnings report. Nestegg McMuffin 10/31/18 02:47:40 PM
#315   Prediction: TPL will end up purchasing more shares Enterprising Investor 10/30/18 08:12:24 PM
#314   Earnings report on Oct 31 will push this back Nestegg McMuffin 10/22/18 06:52:42 PM
#313   TPL. Vision into the future? The Front and Aitkenresearch 10/05/18 10:45:33 AM
#312   TPL hits new all-time high (10/03/18) Enterprising Investor 10/03/18 04:14:49 PM
#311   That's an interesting comment by the CEO of couldbebetter 09/14/18 10:50:01 PM
#310   According to General Agent and CEO Tyler Glover. There Enterprising Investor 09/13/18 03:40:33 PM
#309   Meet the Shalennials: CEOs Under 40 Making Millions Enterprising Investor 09/13/18 02:15:30 PM
#308   TPL balance sheet is irrelevant when it comes Enterprising Investor 09/09/18 08:07:04 PM
#305   Permian Oil Auction Gets Record $1 Billion as Enterprising Investor 09/09/18 10:27:49 AM
#304   TPL holding up well...not good for those looking couldbebetter 09/08/18 08:47:18 AM
#303   The most confounding part of TPL is the couldbebetter 08/31/18 07:56:03 AM
#302   TPL SEC 10-K December 31, 2017 bar1080 08/31/18 07:05:01 AM
#301   Thanks, CBB/Glenn (yes, I've known about Glenn). bar1080 08/31/18 06:58:16 AM
#300   Thanks EI. I'm just digging into TPL's financials now. bar1080 08/31/18 06:41:02 AM
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