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Texas Pacific Land Trust

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About

Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Co. following receivership. Holders of Texas and Pacific Railway Co. bonds received 3.5 million acres of land in Texas which had been earned by the railroad and pledged as security against bonds. The bondholders created the Trust and converted bonds to shares of proprietary interest in the Trust. The Trust was created to manage and sell the land. Today the Trust is one of the largest landowners in Texas with around 888,333 acres located in eighteen different counties. Texas Pacific Land Trust derives revenue from all avenues of managing the land, i.e. oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales. The Trust has a perpetual oil and gas royalty interest in some 459,200 acres.

Transactions

Report Date Amount (MM) Description
2014-12-29 $19.80

Texas Pacific Land Trust Enters Sale Contract

Texas Pacific Land Trust Enters Sale Contract

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

Locked Data

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News

Some US Fund Managers Risk Long-term Bets on Tanking Oil Sector

Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows.

Texas Land Trust Takes Step To Counter Activist Investor

The activists targeting Texas Pacific Land Trust hope to cash in on excitement around the Permian Basin, which has been the center of the U.S. shale revolution.