TPL · 8-K · 20260805PR000056

Oil and Gas Royalty Demand

Texas Pacific Land Corp · 2026-08-05 · Importance 48 · Surprise 40

TPL’s share of oil and gas production increased to 38.4 thousand Boe per day in the first half of 2026 from 32.2 thousand Boe per day in the prior-year period. Royalty production reached 39.7 thousand Boe per day in the second quarter, with 131.9 net producing wells as of June 30, 2026. The royalty inventory also included 5.6 net well permits, 9.5 net drilled but uncompleted wells, and 3.4 net completed but not producing wells, indicating continued customer development activity on TPL acreage.

Key facts

• The Company’s average realized price was $42.17 per Boe in the second quarter of 2026 compared to $37.06 per Boe in the first quarter of 2026. source
• As of June 30, 2026, TPL’s royalty acreage had an estimated 5.6 net well permits, 9.5 net drilled but uncompleted wells (DUCs), and 3.4 net completed but not producing wells (CUPs), totaling 18.4 net wells. source
• TPL had 131.9 net producing wells as of June 30, 2026, and net producing wells added during the quarter had an average lateral length of approximately 10,438 feet. source
• Oil and gas royalty production for the second quarter of 2026: 39.7 thousand barrels of oil equivalent (Boe) per day. source