TPL · 8-K · 20260805PR000056

AI Data Center Buildout

Texas Pacific Land Corp · 2026-08-05 · Importance 63 · Surprise 42

TPL announced an agreement with a Chevron subsidiary to provide land and brackish water resources for Project Kilby, a large-scale power generation facility supporting a customer data center in Reeves County, Texas. The company acquired $110.2 million of land in Shackelford and Jones Counties, Texas, in connection with its data center and power generation initiatives, extending expansion beyond the immediate Permian Basin. Management identified these efforts as key growth initiatives but did not provide a completion timeline or quantified future revenue contribution.