Texas Pacific Land Corporation (TPL)

[couldbebetter]

Some info provided through Horizon Kinetics (largest TPL shareholder) is that they could restructure to a more efficient tax structure by creating a REIT and an oil&gas royalty trust. Hopefully, a 20% corporate tax rate will happen sooner or later. But, whatever makes the most sense.

I do wonder what TPL with its newly created "full service water division"
will end up doing. Right now it sounds like they are selling water and collecting water royalties. That is not yet a full service water company.
They may do water recycling, testing, and disposal.

Most investors here likely do not understand the scope of the development taking place in TPL's lands in the Permian. These are massive and funded with billions of dollars. They will play out over decades.