Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity

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Real Estate Activity
9 Months Ended
Sep. 30, 2023
Real Estate [Abstract]  
Real Estate Activity Real Estate Activity
As of September 30, 2023 and December 31, 2022, TPL owned the following land and real estate (in thousands, except number of acres):
September 30,
2023
December 31,
2022
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
798,999  $ —  817,060  $ — 
Real estate acquired 69,447  130,024  57,306  109,704 
Total real estate situated in Texas 868,446  $ 130,024  874,366  $ 109,704 
(1)Real estate assigned through the Declaration of Trust.
Land Sales

For the nine months ended September 30, 2023, we sold 18,061 acres of land in Texas for an aggregate sales price of $6.8 million. 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. There was no carrying value in the land associated with these sales.

Land Acquisitions

For the nine months ended September 30, 2023, we acquired 12,141 acres of land in Texas for an aggregate purchase price of $20.0 million. There were no significant land acquisitions for the nine months ended September 30, 2022.