Texas Pacific Land Corporation (TPL)

[Aitkenresearch]

While this is a basic question, it’s one that can be confusing.
The total amount of land owned?
900,000 acres.
The amount of those 900,000 acres that TPL is receiving royalties on and from?
Deducting the difference is the acreage that’s left for more development in the future.
This is what the thought was when Apache reported an untapped gas discovery in the fall of 2016. The question was if TPL lands were a part of that discovery and if Apache was able to discover a new gas and oil find, are there other acres that are unknown and potential discoveries within the strike zone of TPL.
This is a separate opportunity than how to leverage the cash flow into other Golden eggs.
But, it tells us along with the economic debt/inflation/falling dollar that could take the new c-Corp TPL from 5 to 50 billion market cap.