---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-093445"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2024-08-27T23:59:59+00:00"
generated_at: "2026-05-31T07:26:54.011376+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land acquires Permian mineral and surface assets for $169M cash

## Summary
- Acquired 4,106 net royalty acres in Culberson County, TX (Delaware Basin) leased to Coterra Energy.
- Acquired 4,120 surface acres in Martin County, TX (Midland Basin) with water, disposal, landfill royalties from Waste Connections.
- Total cash consideration $169M; combined asset price implies >13% 2025 FCF yield at current strip prices.
- Board member Robert Roosa is CEO of Brigham Royalties; TPL acquired 55.4% interest; Roosa abstained from vote.
- TPL paid $275/net acre commission to Brigham employees (less than typical third-party fees); no fees paid to Brigham or Roosa.

## SEC filing metadata
- accession: 0001104659-24-093445
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2024-08-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000110465924093445/0001104659-24-093445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000110465924093445/tm2422814d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-093445
- JSON: https://secwatch.observer/filing/0001104659-24-093445.json
- Plain text: https://secwatch.observer/filing/0001104659-24-093445.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.