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Texas Pacific Land Trust (TPL) Sub-Shs Certs Prop Int USD0.16 2/3

Sell:$464.00 Buy:$466.38 Change: $9.78 (2.07%)
Market closed |  Prices as at close on 27 October 2020 | Switch to live prices |
Sell:$464.00
Buy:$466.38
Change: $9.78 (2.07%)
Market closed |  Prices as at close on 27 October 2020 | Switch to live prices |
Sell:$464.00
Buy:$466.38
Change: $9.78 (2.07%)
Market closed |  Prices as at close on 27 October 2020 | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as 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 459,200 acres. As of December 31, 2016, the Trust owned the surface estate in approximately 887,553 acres of land, consisting of numerous separate tracts, located in 18 counties in the western part of Texas. As of December 31, 2016, the Trust also owned a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land and a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas.

Contact details

Address:
1700 Pacific Ave Ste 2900
DALLAS
75201-4666
United States
Telephone:
+1 (214) 9695530
Website:
www.tpltrust.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
TPL
ISIN:
US8826101086
Market cap:
$3.67 billion
Shares in issue:
7.76 million
Sector:
Oil & Gas Exploration & Production
Exchange:
New York Stock Exchange
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel

  • David Barry
    Independent Co-Chairman of the Board of Trustees
  • John Norris
    Independent Co-Chairman of the Board of Trustees
  • Tyler Glover
    Chief Executive Officer, Secretary, Co-General Agent
  • Robert Packer
    Chief Financial Officer, Co-General Agent
  • Sameer Parasnis
    Executive Vice President, Chief Commercial Officer
  • Robert A. Crain
    Executive Vice President of TPWR

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.