Texas Pacific Land Corporation Annual report pursuant to Section 13 and 15(d)

Royalty Interests (Tables)

12 Months Ended

Dec. 31, 2020

As of December 31, 2020 and 2019, we owned the following oil and gas royalty interests (in thousands, except number of acres):


	Net Book Value
	December 31, 2020		December 31, 2019
1/16th nonparticipating perpetual royalty interests (1)	$	—	$	—
1/128th nonparticipating perpetual royalty interests (2)	—		—
Royalty interests acquired (3)	46,266		29,320
Total royalty interests, gross	$	46,266	$	29,320
Less: accumulated depletion	(620)		(260)
Total royalty interests, net	$	45,646	$	29,060

(1) Nonparticipating perpetual royalty interests in 370,737 gross royalty acres as of December 31, 2020 and 2019, respectively.

(2) Nonparticipating perpetual royalty interests in 84,934 gross royalty acres as of December 31, 2020 and 2019, respectively.

(3) Royalty interest in 4,090 net royalty acres and 3,074 net royalty acres as of December 31, 2020 and 2019, respectively.