Texas Pacific Land Corp is a landowner in the Permian Basin of West Texas that generates revenue primarily through oil and gas royalty payments, easement grants for pipeline and infrastructure development, and water sales to oil and gas operators. The company owns approximately 880,000 acres of land and also engages in oil and gas development activities through its wholly-owned subsidiary. Additionally, Texas Pacific Land operates a produced water treatment business that processes and recycles water used in hydraulic fracturing operations.