Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction
Texas Pacific Land Corporation (TPL)
Last texas pacific land corporation earnings: 4/30 04:30 pm
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Source: Business Wire
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire)The interests span across approximately 7,490 net royalty acres (“NRA”) located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existing TPL surface and royalty acreage. Exxon Mobil Corporation (NYSE: XOM) and Diamondback Energy Inc (NYSE: FANG) operate approximately 66% of the acreage. The acquired assets have current production of approximately 1,300 barrels of oil equivalent per day (~78% liquids), wit
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News
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- Texas Pacific Land Third Quarter 2024 Earnings: EPS: US$4.64 (vs US$4.59 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Texas Pacific Land Corp (TPL) Q3 2024 Earnings Call Highlights: Strong Growth Amidst Commodity ... [Yahoo! Finance]Yahoo! Finance
- Decoding Texas Pacific Land Corp (TPL): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
TPL
Earnings
- 8/7/24 - Miss
TPL
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- TPL's page on the SEC website