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Brief — Texas Pacific Land Trust
Dallas-based Texas Pacific Land Trust (TPL) has formed a water unit to serve Permian Basin oil and natural gas operators. Texas Pacific Water Resources LLC plans to develop integrated water servicing agreements to include brackish water sourcing, produced water gathering/treatment/recycling, infrastructure development/construction, disposal, water tracking, analytical and well testing services. Operations are led by Robert A. Crain, who formerly led development of EOG Resources Inc.‘s water resource programs in multiple divisions, including the Eagle Ford Shale and the Permian. TPL, created in 1888, is one of the largest landowners in Texas with about 888,333 acres in 18 counties. The trust has a perpetual oil and gas royalty interest in 459,200 acres. Revenue is derived from managing oil and gas royalties, grazing leases, easements, sundry/specialty leases and land sales.
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