Texas Pacific Land Trust

Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Company following receivership. Holders of Texas and Pacific Railway Company 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 909,274 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.

Type
Public
HQ
Dallas, US
Employees
8 (est)
Texas Pacific Land Trust has headquartered in Dallas, US

Texas Pacific Land Trust Locations

Dallas, US

Texas Pacific Land Trust Metrics

Texas Pacific Land Trust Summary

Market capitalization

$2.36 B

Closing share price

$302
Texas Pacific Land Trust's latest market capitalization is $2.36 B.

Texas Pacific Land Trust Market Value History

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Texas Pacific Land Trust Company Life