Texas Pacific Land Expands Holdings with Strategic Acquisition

An update from Texas Pacific Land (TPL) is now available.

Texas Pacific Land Corporation acquired oil and gas mineral interests totaling 4,106 net royalty acres in Texas for $124 million, completed with the collaboration of Brigham Royalties Fund I Holdco. The deal was sourced and partly financed by Brigham Royalties, with TPL paying a reduced commission to Brigham employees instead of higher third-party fees. The acquisition was thoroughly vetted by TPL’s Audit Committee and approved by the Board, with the involved Board member abstaining from the vote to avoid conflict of interest.

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