TPL · News · 20260804N

Acquisition / Partnership / Divestiture

Texas Pacific Land Corp · 2026-08-04 · Importance 52 · Surprise 42

TPL acquired land in Shackelford and Jones Counties for data center and power-generation initiatives. The company secured an agreement with Chevron for Project Kilby, a multi-gigawatt power-generation and data-center hub in West Texas. TPL is pursuing approximately 25 gigawatts of data center and power projects and expects to announce significant definitive agreements in the near term. The initiatives expand TPL's land and water resources beyond traditional oil and gas royalty activities.

Key facts

• Pacer Advisors Inc. increased its stake in Texas Pacific Land Corporation by 119.8% in the first quarter, now holding 96,189 shares valued at $45.6 million. source