Texas Pacific Land Corporation specialises in owning and operating land and water resources. At the end of 2023, the company had approximately 3,510 km2 of land in the United States state of Texas. Net sales break down by source of revenue as follows: - land operations (68.4%): royalties from on-site oil and gas operations, revenues from commercial leases, sales of land and building materials, easements for gas and hydrocarbon pipelines, power lines, public utilities, etc.; - exploitation of water resources (31.6%): including revenues from water-related activities (production, treatment, sale and supply) and royalties on water production and sale activities by third-party operators.