Wednesday, 25 September 2024
Home Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

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Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current and anticipated Drilling and Spacing Units (“...

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