TPL · 10-Q · 2026Q3 · Full report

Permian Water Demand

Texas Pacific Land Corp · 2026-11-04 · Importance 9 · Surprise 6

Permian Basin well completions commonly require hundreds of thousands of barrels of water per well, and operators have generally increased water use per completion while reducing completion time. These developments intensify demand for reliable completion-water delivery and favor providers with scale. TPL cites its surface acreage and network of water wells, storage ponds, recycling assets, and pipelines as a competitive advantage for sourcing and delivering water throughout the basin. In the first nine months of 2026, water sales volumes increased 5.0% year over year, although third-quarter sales volumes fell 13.4% and realized pricing fell 26.4%.

Key facts

• Texas Pacific Land Corp's three-month water sales volumes decreased 13.4%, and average realized pricing decreased 26.4%, compared with the same period of 2025. source
• Texas Pacific Land Corp's water sales volume was 61.796 million barrels in the third quarter of 2026, versus 71.332 million barrels in 2025. source
• Texas Pacific Land Corp's water sales volumes increased 5.0% in the first nine months of 2026 compared with the same period of 2025. source
• Texas Pacific Land Corp's water sales volume was 195.886 million barrels in the first nine months of 2026, versus 186.491 million barrels in 2025. source
• Texas Pacific Land Corp has a network of owned and operated water wells, storage ponds, recycling assets, and pipelines to source and deliver water throughout the Permian Basin. source