Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions
Texas Pacific Land (NYSE: TPL) has announced the closing of two acquisitions in the Permian Basin for $169 million in cash. The acquisitions include:
1. Mineral interests across 4,106 net royalty acres in Culberson County, Texas, overlapping existing TPL royalty acreage and surface acreage.
2. Surface asset spanning 4,120 acres in Martin County, Texas, generating revenue from water supply, produced water disposal, and other surface-related activities.
The combined asset purchase price implies a >13% 2025 free cash flow yield at current strip prices. TPL expects these high-quality assets to immediately contribute to free cash flow and provide substantial incremental value to their legacy asset base.
Texas Pacific Land (NYSE: TPL) ha annunciato la chiusura di due acquisizioni nel Permian Basin per 169 milioni di dollari in contante. Le acquisizioni includono:
1. Interessi minerari su 4.106 acri netti di royalties nella Contea di Culberson, Texas, che si sovrappongono agli attuali terreni royalties e ai terreni superficiali di TPL.
2. Attività superficiali che coprono 4.120 acri nella Contea di Martin, Texas, generando entrate da fornitura d'acqua, smaltimento di acqua prodotta e altre attività legate alla superficie.
Il prezzo totale d'acquisto degli asset implica un rendimento del >13% sul flusso di cassa libero del 2025 ai prezzi attuali. TPL si aspetta che questi asset di alta qualità contribuiscano immediatamente al flusso di cassa libero e forniscano un valore incrementale sostanziale alla loro base di asset storici.
Texas Pacific Land (NYSE: TPL) ha anunciado el cierre de dos adquisiciones en la Cuenca Pérmica por 169 millones de dólares en efectivo. Las adquisiciones incluyen:
1. Intereses minerales en 4,106 acres netos de regalías en el Condado de Culberson, Texas, que se superponen con los actuales terrenos de regalías y de superficie de TPL.
2. Activo de superficie que abarca 4,120 acres en el Condado de Martin, Texas, generando ingresos por suministro de agua, eliminación de agua producida y otras actividades relacionadas con la superficie.
El precio de compra combinado implica un rendimiento de >13% en el flujo de caja libre 2025 a los precios actuales. TPL espera que estos activos de alta calidad contribuyan inmediatamente al flujo de caja libre y proporcionen un valor incremental sustancial a su base de activos heredados.
텍사스 퍼시픽 랜드(Texas Pacific Land, NYSE: TPL)는 169백만 달러에 퍼미안 분지 내 두 건의 인수 거래를 성사시켰다고 발표했습니다. 인수 내용은 다음과 같습니다:
1. 텍사스 컬버슨 카운티에 있는 4,106 에이커의 광물 권리로, 기존 TPL의 로열티 면적과 표면 면적과 겹칩니다.
2. 텍사스 마틴 카운티의 4,120 에이커에 걸친 표면 자산으로, 물 공급, 생산된 물 처리 및 기타 표면 관련 활동을 통해 수익을 생성합니다.
결합된 자산 구매 가격은 현재 가격 기준으로 2025년 자유 현금 흐름 수익률이 >13%를 시사합니다. TPL은 이러한 고품질 자산이 즉시 자유 현금 흐름에 기여하고 기존 자산 기반에 상당한 추가 가치를 제공할 것으로 기대하고 있습니다.
Texas Pacific Land (NYSE: TPL) a annoncé la clôture de deux acquisitions dans le Bassin de Permien pour 169 millions de dollars en espèces. Les acquisitions comprennent :
1. Des intérêts miniers sur 4 106 acres nets de redevances dans le comté de Culberson, au Texas, qui chevauchent les acres de redevances et de surface existants de TPL.
2. Un actif de surface s'étendant sur 4 120 acres dans le comté de Martin, au Texas, générant des revenus provenant de l'approvisionnement en eau, de l'évacuation de l'eau produite et d'autres activités liées à la surface.
Le prix d'achat total des actifs implique un rendement de >13 % sur le flux de trésorerie libre 2025 aux prix actuels. TPL prévoit que ces actifs de haute qualité contribueront immédiatement au flux de trésorerie libre et fourniront une valeur incrémentielle substantielle à leur base d'actifs hérités.
Texas Pacific Land (NYSE: TPL) hat den Abschluss von zwei Akquisitionen im Permian Basin für 169 Millionen US-Dollar in bar bekannt gegeben. Die Akquisitionen umfassen:
1. Mineralrechte über 4.106 netto Royalty-Acres im Culberson County, Texas, die mit bestehenden TPL-Royalty- und Flächen-Acres überlappen.
2. Flächenvermögen, das sich über 4.120 Acres im Martin County, Texas, erstreckt und Einnahmen aus Wasserversorgung, Entsorgung von produzierte Wasser und anderen flächenbezogenen Aktivitäten generiert.
Der kombinierte Kaufpreis der Vermögenswerte impliziert eine Rendite von >13 % auf den freien Cashflow 2025 zu den aktuellen Strippreisen. TPL erwartet, dass diese hochwertigen Vermögenswerte sofort zum freien Cashflow beitragen und einen erheblichen zusätzlichen Wert für ihre historischen Vermögenswerte bieten.
- Acquisition of 4,106 net royalty acres in Culberson County, enhancing net revenue interests in existing and future oil and gas wells
- Purchase of 4,120 surface acres in Martin County, generating multiple revenue streams
- Combined asset purchase price implies >13% 2025 free cash flow yield at current strip prices
- Acquisitions expected to immediately contribute to TPL's free cash flow
- Assets sourced through industry networks, not part of a broad marketed process
- Significant cash outlay of $169 million for the acquisitions
Insights
This acquisition is a strategic move by TPL, enhancing its position in the lucrative Permian Basin. The
TPL's acquisition strategically targets the core areas of the Permian Basin, specifically the northern Delaware and Midland Basins. These regions are known for their high-quality oil reserves and favorable economics. The partnership with Coterra Energy as the operator is noteworthy, as Coterra is a well-respected player in the industry. The overlap of mineral and surface rights is a key advantage, potentially allowing TPL to optimize resource extraction and maximize value from each acre. The inclusion of a solids waste landfill royalty agreement with Waste Connections adds an interesting diversification element, tapping into the growing need for waste management services in the booming Permian region. This multi-faceted approach to land utilization showcases TPL's savvy in extracting value beyond traditional oil and gas royalties.
TPL's acquisition aligns with the broader trend of consolidation and strategic positioning in the Permian Basin. The company's focus on high-quality assets in core areas reflects a prudent approach in a competitive market. The projected
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns
TPL acquired mineral interests across approximately 4,106 net royalty acres located in
The acquired surface asset spans approximately 4,120 acres in
“Acquiring high-quality mineral interests in the northern
About Texas Pacific Land Corporation
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Source: Texas Pacific Land Corporation
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