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Texas Pacific Land Corporation: The Riches of Royalties

Preferred Shares Podcast

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The Evolution of Texas Pacific Land Corporation

This chapter examines the rich historical journey of the Texas Pacific Land Corporation (TPL), from its start as a railroad in 1871 to its current status as a major investment entity. It illustrates the transformation of its vast land assets, particularly through the oil industry's growth and the strategic importance of water resources for fracking operations. The discussion highlights the balance between shareholder returns and management's reinvestment strategies, showcasing TPL’s remarkable revenue growth and evolving business model.

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