黑料吃瓜网 Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Organization and Description of Business

Organization and Description of Business	12 Months Ended
Organization and Description of Business	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]	听
Organization and Description of Business	Organization and Description of Business Organization 黑料吃瓜网 (which, together with its subsidiaries as the context requires, may be referred to as 鈥淭PL,鈥� the 鈥淐ompany,鈥� 鈥渙ur,鈥� 鈥渨e,鈥� or 鈥渦s鈥�) is a Delaware corporation and one of the largest landowners in the State of Texas with approximately 873,000 surface acres of land, principally concentrated in the Permian Basin. Additionally, we own a 1/128th nonparticipating perpetual oil and gas royalty interest (鈥淣PRI鈥�) under approximately 85,000 acres of land, a 1/16th NPRI under approximately 371,000 acres of land, and approximately 16,000 additional net royalty acres (normalized to 1/8th) (鈥淣RA鈥�) for a collective total of approximately 207,000 NRA, principally concentrated in the Permian Basin. Our revenues are derived from oil and gas royalties, water sales, produced water royalties, easements and other surface-related (鈥淪LEM鈥�) income and land sales. On January听11, 2021, we completed our reorganization from a business trust, Texas Pacific Land Trust (the 鈥淭rust鈥�), organized under a Declaration of Trust dated February 1, 1888 (the 鈥淒eclaration of Trust鈥�), into 黑料吃瓜网, a corporation formed and existing under the laws of the State of Delaware (the 鈥淐orporate Reorganization鈥�).