Reported about 8 hours ago
Texas Pacific Land, a company rooted in a 19th-century railroad that declared bankruptcy, has emerged as one of the most successful stocks in the oil sector, largely due to its innovative use of land in the Permian Basin. The firm has tripled its stock value in 2024 under CEO Ty Glover by leasing land for oil production and activities beyond conventional drilling, such as selling water and land for wastewater disposal. Texas Pacific's transition from a trust to a corporation in 2021 has opened up its shares to broader investment opportunities, leading to substantial growth.
Source: YAHOO