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Texas Pacific Land announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash.
TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acreage is leased to and operated by Coterra Energy. In addition, the acquired mineral interests overlap with TPL surface acreage.
The acquired surface asset spans approximately 4,120 acres in Martin County, Texas and is strategically located in the core of the Midland Basin.
"Acquiring high-quality mineral interests in the northern Delaware Basin and strategic surface acreage in the Midland Basin will immediately contribute to TPL’s free cash flow," said Tyler Glover, Chief Executive Officer of the Company. "The combined asset purchase price implies a greater than 13% 2025 free cash flow yield at current strip prices giving credit to only existing production and line-of-sight wells and opportunities. These bolt-on transactions, in addition to the cash flow currently generated, have excellent growth qualities commensurate with TPL’s legacy portfolio. By owning overlapping and nearby surface and water assets, we believe we can accelerate development and generate incremental value. Both assets were sourced through our industry and professional networks and were not part of a broad marketed process. These type of premium assets located within the core subregions of the Permian Basin represent the growth opportunities available to TPL that can provide a substantial incremental value driver to our legacy asset
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
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| 07/10/2025 | E&P | Mach Resources Buys San Juan Gas Asset for $787 Million |
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| 07/10/2025 | E&P | Mach Enters Permian Basin, Buys PE_backed Sabinal Assets for $500 Million |
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| 06/05/2025 | E&P | Vermillion Energy Exits US, Sells Power River Basin Asset |
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| 05/30/2025 | E&P | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion |
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| 05/13/2025 | E&P | TXO Partners Acquires White Rock Assets in the Elm Coulee Field |
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| 05/07/2025 | E&P | Permian Resources Bolt-On Assets From APA Corp |
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| 05/03/2025 | E&P | Riley Permian Acquires PE-Backed Silverback II For $142million |
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| 04/22/2025 | E&P | EQT Acquires Olympus Energy Assets For $1.8 Billion |
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| 04/01/2025 | E&P | TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset |
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| 03/24/2025 | E&P | Validus Energy Continues Buying Spree, Takes Out Anadarko Basin-Focused 89 Energy III |
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| Total |
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