Texas Pacific Land Corporation

“we announced a strategic investment into Bolt Data & Energy, a new AI infrastructure platform chaired by former Google CEO, Eric Schmidt.”

Texas Pacific Land made a strategic equity investment in Bolt Data & Energy, an AI-infrastructure platform, and retains a right of first refusal to supply water to Bolt-affiliated data-center and power projects on TPL land.

“NGL and us included, are in draft permit phase right now, as we work with the commission to get that into permit -- final permit approval.”

TPL notes that competitor NGL, like TPL, is in the draft-permit phase with the Texas regulator for produced-water treatment/beneficial-reuse projects.

“Approximately 61% of the royalty acreage is operated by Exxon, Diamondback and Occidental.”

Occidental is a lead operator on the acquired Midland Basin royalty acreage, drilling on acreage where TPL holds mineral and royalty interests.

“Approximately 61% of the royalty acreage is operated by Exxon, Diamondback and Occidental.”

Diamondback is a lead operator on the newly acquired Midland Basin royalty acreage, developing wells that generate royalty revenue for TPL.

“Approximately 61% of the royalty acreage is operated by Exxon, Diamondback and Occidental.”

Exxon is a lead operator on roughly 61% of the Midland Basin royalty acreage TPL just acquired, driving development and royalty production on TPL's minerals.

“I think the announcement that you saw today with Coterra yesterday, Coterra is the first of many that are going to come.”

Coterra, an operator on TPL's royalty acreage, made a Permian power-generation (cogen) announcement that TPL expects to be the first of many, supporting demand for its water and surface assets.

“we've got a great relationship with Aris and with Western. So we see this as a huge benefit for TPL.”

Western Midstream is acquiring Aris Water Solutions; TPL frames the water-midstream consolidation as beneficial for land and pore-space owners like itself.

“we've got a great relationship with Aris and with Western. So we see this as a huge benefit for TPL.”

Aris Water Solutions operates water midstream on/around TPL acreage; its pending acquisition by Western validates TPL's Delaware water and pore-space thesis.

“And then kind of along the same lines Ty, with those 3 larger pipeline projects that appear to be moving forward with WaterBridge, Western and ARRIS, how does that impact you guys?”

WaterBridge is cited as one of three major produced-water pipeline projects advancing in the Delaware Basin, part of the broader water-handling infrastructure buildout that benefits TPL's acreage.

“And then I would just add too that on the Western Pathfinder pipeline, we will be paid because of our relationship with Western and where our assets will be paid for those barrels.”

TPL will earn payments on produced-water barrels moved through Western Midstream's Pathfinder pipeline across TPL's surface acreage, a direct revenue-generating partnership.

“Of this specific set of wells, a total of approximately 18 net wells comes from an operator group consisting of Exxon, Chevron, Conoco, BP, Occidental, EOG and Caterra.”

EOG Resources is part of the operator group driving roughly 18 net near-term wells on TPL's royalty acreage, implying continued active Permian development from EOG.

“Of this specific set of wells, a total of approximately 18 net wells comes from an operator group consisting of Exxon, Chevron, Conoco, BP, Occidental, EOG and Caterra.”

Occidental is part of the operator group driving roughly 18 net near-term wells on TPL's royalty acreage, implying continued active Permian development from Occidental.