Texas Pacific Land Corp (STU:9WY)
€ 1489 8 (0.54%) Market Cap: 35.84 Bil Enterprise Value: 35.15 Bil PE Ratio: 83.98 PB Ratio: 35.74 GF Score: 81/100

Q3 2024 Texas Pacific Land Corp Earnings Call Transcript

Nov 07, 2024 / 01:30PM GMT
Release Date Price: €1225 (-2.55%)
Tyler Glover
Texas Pacific Land Corp - President & CEO

In the acreage is outside the core oil and gas development areas of the Permian Basin for produced water disposal phones will not interfere with drilling and completion operations. Over the last year, our business development teams have been working diligently to commercialize this otherwise raw land. We have since signed an agreement with one of the largest midstream operators serving the broader Delaware market to bring produce water into these new tracks with initial volumes expected in Q4 2024. We are also in advanced discussions with other parties for additional access, and we expect that the aggregate contribution for current and future agreements will support multiple hundreds of thousands of produced water barrels per day. The strategic surface acquisitions play a critical role for TPL as we looked to deliver produced water solutions for the broader oil and gas industry. At the same time, they generate substantial incremental cash flows for TPO and help ensure that our oil and gas royalty interests remain undeterred by development

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