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Texas Pacific Land Trust (TPL)

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Last Post: 5/25/2019 9:18:42 AM - Followers: 14 - Board type: Free - Posts Today: 1

 

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) 05/24/2019 11:47:43 AM
TPL News: Statement of Changes in Beneficial Ownership (4) 05/23/2019 11:54:01 AM
TPL News: Additional Proxy Soliciting Materials (definitive) (defa14a) 05/23/2019 06:09:06 AM
TPL News: Current Report Filing (8-k) 05/23/2019 06:08:20 AM
TPL News: Texas Pacific Land Trust Responds to Dissident Group’s Actions 05/22/2019 07:24:00 PM
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#527  Sticky Note Declaration of Trust (2/01/1888) Enterprising Investor 04/10/19 09:48:32 AM
#727   V. BBB. dseeus 05/25/19 09:18:42 AM
#726   In 1978 during my Political Science 101 class couldbebetter 05/24/19 10:47:36 PM
#725   After the way management handled the proxy contest couldbebetter 05/24/19 10:35:18 PM
#724   Norm Mineta said something during an interview that Enterprising Investor 05/24/19 09:08:29 PM
#723   How a sleepy Texas trust turned into Permian Enterprising Investor 05/24/19 03:58:08 PM
#722   The only risk is that TPL could end Enterprising Investor 05/24/19 03:29:53 PM
#721   Perhaps the old regime doesn't want an investment fung_derf 05/24/19 02:21:47 PM
#720   Time will tell. Be interesting to see how Nestegg McMuffin 05/24/19 01:30:49 PM
#719   A few minutes ago I called TPL and couldbebetter 05/24/19 01:01:59 PM
#718   My best guess is management knows Trust has Nestegg McMuffin 05/24/19 12:42:41 PM
#717   Nestegg, What is wrong with TPL management? couldbebetter 05/24/19 12:00:20 PM
#716   The whole company was out of order? fung_derf 05/24/19 10:22:03 AM
#715   I wish! Sounded more like the courtroom finale Nestegg McMuffin 05/24/19 10:17:59 AM
#714   Hmmm, reminds me of Gordon Gekko addressing the shareholders. fung_derf 05/24/19 10:13:14 AM
#713   I kindly got an update from someone who Nestegg McMuffin 05/23/19 06:59:23 PM
#712   What a good question. Could be any of fung_derf 05/23/19 12:24:59 PM
#711   Even if Oliver becomes a trustee, he only Enterprising Investor 05/23/19 11:37:48 AM
#710   Is TPL down about 5 percent because Oliver Enterprising Investor 05/23/19 11:30:35 AM
#709   This is getting downright ugly. fung_derf 05/23/19 11:01:44 AM
#708   Texas Pacific Land Trust Responds to Dissident Group’s Enterprising Investor 05/23/19 08:56:24 AM
#707   Time to get rid of the Trust and couldbebetter 05/23/19 07:01:00 AM
#706   Investors respond to vote tally -- Nestegg McMuffin 05/22/19 04:20:22 PM
#705   On the other hand, it's hard to argue fung_derf 05/22/19 11:17:19 AM
#704   Investor Group Comments On Latest Actions Of Trustees Enterprising Investor 05/21/19 11:24:33 PM
#703   DID MANAGEMENT JUST OPEN UP THEMSELVES AND TPL couldbebetter 05/21/19 09:54:19 PM
#702   Thermonuclear War, Mr. Oliver will no doubt counter couldbebetter 05/21/19 09:37:40 PM
#701   Complaint Enterprising Investor 05/21/19 05:38:02 PM
#700   It's time for the investor group to find Enterprising Investor 05/21/19 05:18:19 PM
#699   Texas Pacific Land Trust Files Lawsuit Against Eric Enterprising Investor 05/21/19 05:14:49 PM
#698   I see dead people. LOL. N2deep1 05/21/19 01:18:41 PM
#697   More Thoughts... couldbebetter 05/21/19 08:46:37 AM
#696   Just a few thoughts: couldbebetter 05/18/19 01:25:27 PM
#695   News: $TPL Texas Pacific Land Trust Sends Letter whytestocks 05/17/19 04:00:36 PM
#694   A few others and I hope to attend ranchhand71 05/17/19 03:59:00 PM
#693   Management is hell bent on getting rid of couldbebetter 05/17/19 01:16:44 PM
#692   Yes, it IS a nice rebound and one fung_derf 05/14/19 03:09:43 PM
#691   Nice rebound in share price today, energy stocks couldbebetter 05/14/19 03:00:10 PM
#690   If executive management is embarrassed by the tactics couldbebetter 05/14/19 07:00:45 AM
#689   Interesting comments...Thank you for posting. couldbebetter 05/13/19 05:05:56 PM
#688   Investor Group Further Comments On Efforts Of Trustees Enterprising Investor 05/13/19 03:45:39 PM
#687   You mean, these guys? fung_derf 05/13/19 11:09:58 AM
#686   Both advisors have now communicated an opinion. Enterprising Investor 05/13/19 10:54:12 AM
#685   Glass Lewis Joins ISS in Recommending that Texas Enterprising Investor 05/13/19 10:46:06 AM
#684   Just some random thoughts for the post election period: couldbebetter 05/12/19 08:18:57 AM
#683   Your voting instructions for the Texas Pacific Land freddie me 05/08/19 06:32:09 PM
#682   A CEO talking to an investor is not fung_derf 05/08/19 03:50:59 PM
#681   Mr. Packer is TPL's CFO and is also couldbebetter 05/08/19 03:40:26 PM
#680   Management is never supposed to speak with you fung_derf 05/08/19 03:24:26 PM
#679   fung_derf, My point is that the "paid for" couldbebetter 05/08/19 02:51:58 PM
#678   Contact Us fung_derf 05/08/19 02:38:23 PM
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