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Texas Pacific Land Corporation (TPL)

NYSE - Nasdaq Real Time Price. Currency in USD
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576.91+0.58 (+0.10%)
As of 11:12AM EDT. Market open.

Texas Pacific Land Corporation

1700 Pacific Avenue
Suite 2900
Dallas, TX 75201
United States
214 969 5530
https://www.texaspacific.com

Sector(s)Energy
IndustryOil & Gas E&P
Full Time Employees100

Key Executives

NameTitlePayExercisedYear Born
Mr. Tyler GloverPresident, CEO & Trustee2.3MN/A1985
Mr. Chris SteddumChief Financial Officer1.2MN/A1981
Mr. Micheal W. DobbsSenior VP, Secretary & General Counsel915.76kN/A1974
Ms. Stephanie D. BuffingtonChief Accounting OfficerN/AN/A1967
Shawn AminiVice President of Finance & Investor RelationsN/AN/AN/A
Mr. Robert A. CrainExecutive Vice President of Texas Pacific Water Resources LLCN/AN/A1980
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in West Texas. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

Corporate Governance

Texas Pacific Land Corporation’s ISS Governance QualityScore as of March 1, 2024 is 1. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 2; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.