Performance Data & Indices

Environment Performance Metrics

Category Units 2019 2020 2021 2022 2023
Emissions 1
Scope 1 CO2 Emissions 2 Metric tons of carbon dioxide equivalents NC 18,987 16,159 10,590 13,819
Scope 2 CO2 Emissions 3 Metric tons of carbon dioxide equivalents NC 5,110 6,596 11,492 10,572
Total Scope 1-2 CO2 Emissions 4 Metric tons of carbon dioxide equivalents NC 24,097 22,755 22,082 24,391
Methane Emissions Metric tons 0 0 0 0 0
Emissions Intensity
Total Revenue USD $490,496,000 $302,564,000 $450,958,000 $667,422,000 $631,595,000
Scope 1 Emissions Intensity Scope 1 Emissions Intensity (tonnes CO2e/$revenue) NC .00006 .00004 .00002 .00002
Scope 1 and 2 Emissions Intensity Scope 1 and 2 Emissions Intensity (tonnes CO2e/$revenue) NC .00008 .00005 .00003 .00004
Energy Management- TPWR Operations 5
Energy Intensity Gigajoules/$revenue .0011 .0006 .0004 .0005 .0005
Total Energy Consumed Gigajoules Energy tracking initiated in 2020 317,912 287,140 263,289 304,622
Percentage grid electricity Percentage Energy tracking initiated in 2020 12% 16% 29% 24%
Renewable Energy 6 Percentage Gigajoules Energy tracking initiated in 2020 3% 6% 13% 11%12
Percentage Fuel Percentage Energy tracking initiated in 2020 85% 78% 58% 65%
Other Environmental Indicators 7
Capital spent on electrification USD $1,875,000 $150,000 $6,386,000 $6,943,000 $2,432,000
Percentage of total capital spent on electrification Percentage 6% 3% 54% 37% 16%
Ecological Impacts 8
Percentage of land owned, leased, and/or operated within areas of protected conservation status or endangered species habitat Percentage Less than 1% Less than 1% Less than 1% Less than 1% Less than 1%
Percentage of total land disturbed Percentage 0% 0% 0% 0% 0%
Percentage of impacted area restored Percentage 0% 0% 0% 0% 0%
Spills 9
Produced water spills - number Number 0 0 0 0 0
Other spills - number10 Number 0 0 2 0 0
Produced water spills - volume Barrels 0 0 0 0 0
Other spills - volume11 Barrels 0 0 4512 0 0
Produced water spills - volume in Unusually Sensitive Areas Barrels 0 0 0 0 0
Other spills- volume in Unusually Sensitive Areas13 Barrels 0 0 0 0 0
Produced water spills- volume recovered Barrels 0 0 0 0 0
Other spills - volume recovered14 Cubic yards 0 0 45 0 0

Governance Performance Metrics

Category Units 2020 2021 2022 2023 2024
Board of Directors
Number of members of the Board of Directors Number TPL was a Trust until 2021 9 10 10
Independent Board members Number TPL was a Trust until 2021 8 9 9
Female members of the Board Percentage TPL was a Trust until 2021 22% 20% 30%
Minority members of the Board Percentage TPL was a Trust until 2021 0% 0% 10%
Ethics and Compliance Training
Employee completion of mandatory training Percentage 97% 100% 100% 100% 100%
Cyber Security
Number of breaches Number 0 0 0 0 0
Cybersecurity training hours Hours 1 hour, 36 minutes 2 hours, 4 minutes 1 hour, 48 minutes 3 hours, 5 minutes 3 hours, 38 minutes
Completed Training- Employees Percentage 100% 99% 100% 100% 100%

Social Performance Metrics

Category Units 2020 2021 2022 2023 2024
TPL’s Workforce
Employee Turnover Rate Percentage 12% 4% 22% 15% 9%
Full-Time Employees Number 94 102 92 99 100
Contractors Number NC 17 28 22 35
Temporary Workers Number NC 0 0 0 0
Category Units 2020 2021 2022 2023 2024
Safety Incidents
Fatalities - Employees Number 0 0 0 0 0
Fatalities - Contractors Number 0 0 0 0 0
Employee and Contractor Total Recordable Incident Rate -TRIR Number 0.65 0 1.59 0 0
Employee lost time incident rate Number 0.65 0 0.79 0 0
Average hours of Health, Safety, and Emergency Response Training for Employees (15) Hours 11.06 22.14 21.27 7.34 8.2516
Operational Safety and Emergency Preparedness
Number of reportable water pipeline incidents Number 0 0 0 0 0
Percentage of significant reportable water pipeline incidents Percentage 0% 0% 0% 0% 0%
Category Units 2020 2021 2022 2023 2024
Workforce and Equal Opportunity (16)
Gender
Percentage of female employees Percentage 46% 44% 42% 42% 41%
Percentage female in executive and senior officer positions Percentage 3% 3% 4% 4% 3%
Percentage female in first and mid-level manager positions Percentage 14% 14% 13% 8% 6%
Percentage female in professional positions Percentage 29% 27% 24% 30% 23%
American Indian/Alaskan Native Percentage NC 0% 1% 1% 2%
Asian Percentage NC 2% 2% 3% 2%
Black/African American Percentage NC 6% 6% 7% 9%
Hispanic or Latino Percentage NC 12% 13% 12% 14%
Two or more Nationality Percentage NC 1% 3% 5% 5%
White/Caucasian Percentage NC 80% 71% 72% 68%
Percentage minorities in executives and senior officer positions Percentage 1% 0% 1% 1% 4%
Percentage minorities in first and mid-level manager positions Percentage 4% 6% 9% 6% 8%
Percentage minorities in professional positions Percentage 20% 15% 19% 21% 29%
Percentage of employees under the age of 30 Percentage 24% 25% 17% 15% 12%
Percentage of employees between the ages of 30 and 50 Percentage 60% 56% 68% 64% 67%
Percentage of employees over the age of 50 Percentage 16% 19% 15% 21% 21%
Race and Ethnicity
Total Ethnic Minority Employees Number 21 24 28 32 38
Category Units 2020 2021 2022 2023 2024
Communities
Total dollars contributed to local community investments USD $160,000 $269,000 $587,000 $325,000 $605,000
1 2020 and 2021 Scope 1 and Scope 2 emissions parameters are based on 2020 EPA eGRID emissions parameters. 2022 through 2024 Scope 1 and Scope 2 emissions parameters use the relevant year of EPA GHG Emissions Factors. Commercial gasoline products are assumed to have a 10% ethanol blend and commercial diesel products are assumed to have a 5% biodiesel blend. Scope 3 emissions rely on eGRID2021 emission factors.
2 Scope 1 emissions quantified from TPWR’s water operations (TPL does not have any Scope 1 emissions within Land and Royalties).
3 Scope 2 emissions quantified from both TPL and TPWR electricity consumption.
4 MT of CO2e calculation applied EPA’s 2023 Emissions Factors for Greenhouse Gas Inventories.
5 2020 percent energy type allocation was previously based on production. For 2021 and forward, this metric is based on percent of total energy consumption without any correlation to production.
6 Calculated based on 2023 ERCOT Data.
7 These numbers come from capital budget costs-- primary power infrastructure builds divided by total capital spend as reported in 10K.
8 Total acreage: 873,000 acres. Of disturbed acreage, none fall under 'endangered or areas of conservation status'. Disturbed is defined as changing the original state of the land by putting equipment or infrastructure on that area of land.
9 TPWR operations did not track in 2018, and the company had no reportable produced water spills in 2019, 2020, 2021, 2022, 2023 or 2024.
10 Stored materials in secondary containment including chemicals, lubricants and fuels.
11 Stored materials in secondary containment including chemicals, lubricants and fuels.
12 These 45 bbls underwent full and successful remediation efforts.
13 Stored materials in secondary containment including chemicals, lubricants and fuels.
14 Stored materials in secondary containment including chemicals, lubricants and fuels.
15 Average hours of training = in person and online. In 2022 and forward, the Company required corporate employees to participate in certain HSE response trainings. The number of hours required for corporate employees is less than the required hours for field employees thus, reducing the overall average per employee in 2022 and forward.
16 First and Mid-Level Manager = TPL's Supervisor- Manager; Executives and Senior Officers = TPL's Directors and VP and Above.

Task Force on Climate-related Financial Disclosures Index

Pillar Description Recommended Disclosures Disclosure
Governance Disclose the organization’s governance around climate-related risks and opportunities.

a. Describe the board’s oversight of climate-related risks and opportunities.

b. Describe management’s role in assessing and managing climate-related risks and opportunities.

Governance – Board Oversight of Climate Risks

Governance – Management’s Role in Assessing and Managing Climate Risks and Opportunities

Strategy Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material.

a. Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.

b. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.

Strategy – Climate-related Risk Identification and Mitigation / Climate-related Opportunities

Strategy – Climate-related Risk Identification and Mitigation / Climate-related Opportunities

Risk Management Disclose how the organization identifies, assesses, and manages climate-related risks.

a. Describe the organization’s processes for identifying and assessing climate-related risks.

b. Describe the organization’s processes for managing climate-related risks.

c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.

Risk Management 

Risk Management 

Risk Management

Metrics and Targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.

a. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.

b. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks.

Metrics and Targets

Metrics and Targets

GRI Index

GRI Standard Disclosure Location
GRI 2: General Disclosures 2021

2-1 Organizational details

2-2 Entities included in the organization’s sustainability reporting

2-3 Reporting period, frequency and contact point

2-4 Restatements of information

2-6 Activities, value chain and other business relationships

2-7 Employees

2-8 Workers who are not employees

2-9 Governance structure and composition

2-10 Nomination and selection of the highest governance body

2-12 Role of the highest governance body in overseeing the management of impacts

2-13 Delegation of responsibility for managing impacts

2-14 Role of the highest governance body in sustainability reporting

2-15 Conflicts of interest

2-16 Communication of critical concerns

2-17 Collective knowledge of the highest governance body

2-18 Evaluation of the performance of the highest governance body

2-19 Remuneration policies

2-20 Process to determine remuneration

2-21 Annual total compensation ratio

2-22 Statement on sustainable development strategy

2-23 Policy commitments

2-24 Embedding policy commitments


2-25 Processes to remediate negative impacts


2-26 Mechanisms for seeking advice and raising concerns

2-27 Compliance with laws and regulations

2-29 Approach to stakeholder engagement

About TPL

About this Report


About this Report


About this Report

Our Partnership with Oil & Gas Lessees 


Human Capital Management

Contractor and Supplier Engagement 

Corporate Governance

Proxy Statement


ESG Leadership and Management Oversight


ESG Leadership and Management Oversight


ESG Leadership and Management Oversight


Proxy Statement

Business Ethics and Transparency

Proxy Statement


Proxy Statement


Proxy Statement

Proxy Statement 

Proxy Statement 

A Message from our CEO


Business Ethics and Transparency

Business Ethics and Transparency, Code of Business Conduct and Ethics

Business Ethics and Transparency, Code of Business Conduct and Ethics

Business Ethics and Transparency, Code of Business Conduct and Ethics

Business Ethics and Transparency

Stockholder Engagement

GRI 3: Material Topics 2021

3-1 Process to determine material topics

3-2 List of material topics

3-3 Management of material topics

Materiality Assessment

Materiality Assessment

Materiality Assessment

GRI 101: Biodiversity 2024

101-2 Management of biodiversity impacts

101-8 Ecosystem services

Biodiversity

Biodiversity

GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

201-2 Financial implications and other risks and opportunities due to climate change

201-3 Defined benefit plan obligations and other retirement plans

Form 10-K


Task-Force on Climate-Related Financial Disclosures, Form 10-K

Proxy Statement

GRI 205: Anti-corruption 2016

205-2 Communication and training about anti-corruption policies and procedures

Business Ethics and Transparency, Code of Business Conduct and Ethics

GRI 206: Anti-competitive Behavior 2016

206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

None

GRI 302: Energy 2016

302-1 Energy consumption within the organization

302-3 Energy intensity

302-4 Reduction of energy consumption

Emissions & Energy Management, Performance Data & Indices

Performance Data & Indices 

Emissions & Energy Management

GRI 303: Water and Effluents 2018

303-1 Interactions with water as a shared resource

303-2 Management of water discharge-related impacts

Water Management, Sourcing, and Supply Resiliency

Water Management, Sourcing, and Supply Resiliency

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions


305-2 Energy indirect (Scope 2) GHG emissions


305-4 GHG emissions intensity


305-5 Reduction of GHG emissions

Emissions & Energy Management, Performance Data & Indices

Emissions & Energy Management, Performance Data & Indices

Emissions & Energy Management, Performance Data & Indices

Emissions & Energy Management, Performance Data & Indices

GRI 306: Effluents and Waste 2016

306-3 Significant spills

Performance Data & Indices

GRI 306: Waste 2020

306-1 Waste generation and significant waste-related impacts

306-2 Management of significant waste-related impacts

Waste & Chemical Management


Waste & Chemical Management

GRI 401: Employment 2016

401-1 New employee hires and employee turnover

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

401-3 Parental leave

Performance Data & Indices


Compensation and Benefits



Compensation and Benefits

GRI 403: Occupational Health and Safety 2018

403-1 Occupational health and safety management system

403-2 Hazard identification, risk assessment, and incident investigation

403-3 Occupational health services

403-4 Worker participation, consultation, and communication on occupational health and safety

403-5 Worker training on occupational health and safety

403-6 Promotion of worker health

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

403-8 Workers covered by an occupational health and safety management system

403-9 Work-related injuries

403-10 Work-related ill health

Health and Safety


Health and Safety


Health and Safety

Health and Safety



Health and Safety


Health and Safety

Health and Safety



Health and Safety


Performance Data & Indices

Performance Data & Indices

GRI 404: Training and Education 2016

404-2 Programs for upgrading employee skills and transition assistance programs

404-3 Percentage of employees receiving regular performance and career development reviews

Employee Recruitment, Development, and Retention

Employee Recruitment, Development, and Retention

GRI 405: Diversity and Equal Opportunity 2016

405-1 Diversity of governance bodies and employees

Performance Data & Indices

GRI 408: Child Labor 2016

408-1 Operations and suppliers at significant risk for incidents of child labor

Human Rights Policy

GRI 409: Forced or Compulsory Labor 2016

409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor

Human Rights Policy

GRI 410: Security Practices 2016

410-1 Security personnel trained in human rights policies or procedures

Human Rights Policy

GRI 411: Rights of Indigenous Peoples 2016

411-1 Incidents of violations involving rights of indigenous peoples

Human Rights Policy

GRI 413: Local Communities 2016

413-1 Operations with local community engagement, impact assessments, and development programs

Community Engagement and Charitable Giving

GRI 415: Public Policy 2016

415-1 Political contributions

Code of Business Conduct and Ethics

GRI 418: Customer Privacy 2016

418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data

Data Protection & Information Security, Form 10-K