Texas Pacific Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity

Real Estate Activity

9 Months Ended

Sep. 30, 2022

As of September 30, 2022 and December 31, 2021, TPL owned the following land and real estate (in thousands, except number of acres):


	September 30, 2022			December 31, 2021
	Number of Acres	Net Book Value		Number of Acres	Net Book Value
Land (surface rights) (1)	823,323	$	—	823,452	$	—
Real estate acquired	57,146	109,083		57,129	109,071
Total real estate situated in Texas	880,469	$	109,083	880,581	$	109,071

(1)Real estate assigned through the Declaration of Trust.

For the nine months ended September 30, 2022, we sold 129 acres of land in Texas for an aggregate sales price of $3.3 million, an average of approximately $25,300 per acre. For the nine months ended September 30, 2021, we sold 30 acres of land in Texas for an aggregate sales price of $0.7 million, an average of approximately $25,000 per acre. There was no land basis associated with these sales. There were no significant land acquisitions for the nine months ended September 30, 2022.