---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-105465"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:46:07.326107+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TPL closes $286M acquisition of 7,490 net royalty acres in Midland Basin

## Summary
- $286M cash for ~7,490 NRA primarily in Midland Basin; over 80% adjacent or overlapping existing TPL assets.
- Current production ~1,300 boe/d (78% liquids); expected to grow to >2,000 boe/d next year.
- ExxonMobil and Diamondback operate ~66% of acreage; 12 rigs currently running on the footprint.
- TPL expects double-digit cash flow yield and accretive EPS; no additional headcount or G&A planned.
- Over half of Drilling and Spacing Units have minimal development, providing long-term growth runway.

## SEC filing metadata
- accession: 0001104659-24-105465
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000110465924105465/0001104659-24-105465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000110465924105465/tm2425454d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-105465
- JSON: https://secwatch.observer/filing/0001104659-24-105465.json
- Plain text: https://secwatch.observer/filing/0001104659-24-105465.txt

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