Royalty owner Texas Pacific Land Corp. will nominate two new independent directors—Marguerite Woung-Chapman and Robert Roosa—and one current director, Murray Stahl to its board at the company’s annual stockholder meeting, according to an Aug. 1 press release. (Source: Shutterstock.com)
Royalty owner Texas Pacific Land Corp. will nominate two new independent directors—Marguerite Woung-Chapman and Robert Roosa—and one current director, Murray Stahl to its board at the company’s annual stockholder meeting, according to an Aug. 1 press release.
Current directors and co-chairs of the board David E. Barry and John R. Norris III have announced their intention to retire and not seek reelection.
Texas Pacific Land is one of the largest landowners in Texas with approximately 874,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well.
Woung-Chapman has experience working with companies such as Chord Energy, Summit Midstream Partners and Energy XXI Gulf Coast Inc. Roosa has previously served in positions with Brigham Royalties LLC and Brigham Minerals Inc.
“The Board looks forward to welcoming Marguerite and Robert,” said General Donald Cook, director and chairperson of the nominating and governance committee at Texas Pacific Land Corp. “We believe the company and its shareholders will benefit greatly from their relevant experience and expertise as we continue to execute TPL’s strategy and drive value for our shareholders.”
Recommended Reading
BP, OMV Enter 10-year LNG Agreement
2023-07-30 - BP will supply OMV with up to 1 million tonnes of LNG per year for 10 years starting 2026.
BP Enters LNG Offtake Contract with Woodfibre LNG Facility
2023-09-07 - All LNG output from the Woodfibre LNG export facility is now committed for sale to BP.
Indian Oil Signs Long Term LNG Import Deals with ADNOC LNG, TotalEnergies
2023-07-17 - The import deals between Indian Oil, ADNOC LNG and TotalEnergies were signed during Prime Minister Narendra Modi's visit to France and UAE.
ConocoPhillips Inks Additional Long-term Agreement for Netherlands Regas Capacity
2023-09-15 - Houston-based ConocoPhillips inked a commercial agreement to lock down additional regasification capacity for the Netherlands’ Gate LNG terminal.
DT Midstream’s Haynesville LEAP Expansion Completed Early
2023-08-30 - DT Midstream’s Haynesville Shale LEAP Phase 1 expansion increased the throughput capacity from 1 Bcf/d to 1.3 Bcf/d.