Texas Pacific Land Corporation Acquires Permian Mineral Interests And Surface Acreage For Aggregate $169M In Cash
Portfolio Pulse from Benzinga Newsdesk
Texas Pacific Land Corporation has acquired Permian mineral interests and surface acreage for $169 million in cash. These acquisitions are expected to add high-quality assets that will generate attractive returns.
August 27, 2024 | 8:17 pm
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Texas Pacific Land Corporation has made a strategic acquisition of Permian mineral interests and surface acreage for $169 million. This acquisition is expected to enhance the company's asset base and generate attractive returns.
The acquisition of Permian mineral interests and surface acreage is a significant move for TPL, as it adds high-quality assets to their portfolio. This is likely to improve their financial performance and generate attractive returns, positively impacting the stock price in the short term.
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