Texas Pacific Land Trust · Dallas, TX United States ·(NYSE: TPL)
Company Description
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This link will open in a new window Texas Pacific Land Trust was created to sell the Texas & Pacific Railway's land after its 1888 bankruptcy, and yup, they're still workin' on it. The trust began with the railroad's 3.5 million acres; today it is one of the largest private landowners in Texas, with around 960,000 acres in 20 counties. Texas Pacific Land Trust's sales come from oil and gas royalties (70% of sales), grazing leases, easements, and land sales. It has a perpetual oil and gas royalty interest under some 470,000 acres in West Texas. About 8% of the trust's oil and gas royalties are from leases operated by
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Key Texas Pacific Land Trust Financials
| Company Type | Public - NYSE: TPL Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $19.3 |
| 2008 Employees | 8 |
Texas Pacific Land Trust Executives
5 executives listed for Texas Pacific Land Trust's Dallas, TX location.
| Title | Name & Bio | Contact |
| Chairman | Maurice Meyer | Network |
| CEO, Secretary, and General Agent | Roy Thomas | Network |
| CFO and Assistant General Agent | David Peterson | Network |
Competition
Competitive Landscape for Texas Pacific Land Trust
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Texas Pacific Land Trust Competitors
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