TEXAS PACIFIC LAND TRUST
texaspacific.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Nov 5, 2020. Its latest SEC filing is a PX14A6G from Nov 10, 2022.
10-Q for Q3 FY2020, filed Nov 5, 2020
The sections below describe the company as of the FY2019 annual report.
What Did They Do?
Manages West Texas land for energy and commercial uses, including oil and gas royalties and easements, and provides water services to Permian Basin oil and gas operators.
10-K for FY2019, filed Feb 27, 2020Our Land and Resource Management segment encompasses the business of managing the approximately 900,000 acres of land and related resources…View ↗
We are not an oil and gas producer. Rather, our oil and gas revenue is derived from our oil and gas royalty interests. Thus, in addition to…View ↗
Our revenue from easements is generated from easement contracts covering activities such as oil and gas pipelines and subsurface wellbore…View ↗
Our Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian…View ↗
These full-service water offerings include, but are not limited to, water sourcing, produced-water gathering/treatment, infrastructure…View ↗
Who Were Their Customers?
Energy companies and oilfield service businesses enter agreements to explore for water and build water infrastructure; midstream companies lease land for facilities and roads.
10-K for FY2019, filed Feb 27, 2020
How Were They Changing?
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Jan 11, 2021
Completed reorganization into Texas Pacific Land Corporation
Transferred all assets, employees, liabilities and obligations to the corporation and distributed its shares to Trust holders.
Sources
8-K, filed Jan 11, 2021
On January 11, 2021, Texas Pacific Land Trust (the “Trust”) completed its previously announced plan to reorganize the Trust into Texas…View ↗
Expanded into water services
The older report describes land sales and leases, retained oil and gas royalties, and land management; the latest report also describes a water-services operation that sells sourced and treated water and offers gathering, treatment, infrastructure and disposal services to Permian Basin operators.
10-K for FY2016, filed Feb 28, 2017 10-K for FY2019, filed Feb 27, 2020(c) Narrative Description of Business. As previously indicated, the business done and intended to be done by Texas Pacific consists of…View ↗
Our Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian…View ↗
These full-service water offerings include, but are not limited to, water sourcing, produced-water gathering/treatment, infrastructure…View ↗
Currently, the revenue streams of this segment principally consist of revenue generated from sales of sourced and treated water as well as…View ↗
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