Texas Pacific Land Corporation is a U.S.-based real estate operating and land management company focused on monetizing extensive land and resource holdings in West Texas. Headquartered in Dallas, Texas, it is among the largest private landowners in the state, with significant acreage and royalty interests concentrated in the Permian Basin, a major oil and gas producing region. The company operates primarily through two business segments: Land and Resource Management, and Water Services and Operations. Its activities include managing surface land rights, granting easements and leases, and collecting oil and gas royalties tied to third-party exploration and production. In addition, Texas Pacific Land Corporation provides water sourcing, transportation, treatment, and related services to energy companies, supporting drilling and production activity. By integrating land stewardship with water infrastructure and royalty interests, the company plays a notable role in the energy value chain and broader resource management market in West Texas. Founded in 1888 and headquartered in Dallas, it operates today as a specialized platform at the intersection of land ownership, energy royalties, and industrial water services.