Texas Pacific Land Corporation

Texas Pacific Land Corporation is a land and resource management company headquartered in Dallas, Texas. Its shares trade on the New York Stock Exchange under the ticker TPL, and the company is included in the S&P 500 index. Its roots lie in the Texas Pacific Land Trust, established in 1888; the structure was converted from a business trust into a corporation in 2021.

The company's activities fall into two main areas. In land and resource management, surface leases, easements, land sales and oil and gas royalties on West Texas land, located mainly in the Permian Basin, are managed. The water services and operations arm provides services to oil and gas producers such as water supply and the treatment and disposal of produced water. The company does not produce oil and gas itself; it earns royalty and service income from the activities of producers.

Those following Texas Pacific Land stock typically watch drilling and production activity in the Permian Basin, oil and natural gas prices, volume trends in water services, and land sales. On the TPL page at Lzzo.com, the share price is shown in US dollars, and the page includes a historical price chart and technical indicators.