Texas Pacific Land

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Texas Pacific Land owns 873,000 acres mostly in the Permian Basin, a hub for oil-and-gas drilling. It earns money from royalties, surface leases, and water for drilling and disposal activities. More production means more royalties, and the company has invested heavily in water, earning royalties on over one billion barrels in 2024, worth around $100 million in revenue, most of which is pure profit, the company says. TPL is also looking to lease land for data centers and has other growth initiatives

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