Texas Pacific Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity

Real Estate Activity

3 Months Ended

Mar. 31, 2021

Real Estate ActivityAs of March 31, 2021 and December 31, 2020, the Company owned the following land and real estate (in thousands, except number of acres):


	March 31, 2021			December 31, 2020
	Number of Acres	Net Book Value		Number of Acres	Net Book Value
Land (surface rights) (1)	823,482	$	—	823,482	$	—
Real estate acquired	57,041	108,536		57,041	108,536
Total real estate situated in Texas	880,523	$	108,536	880,523	$	108,536

(1) Real estate originally assigned through the Declaration of Trust.

Land Sales

There were no land sales during the three months ended March 31, 2021. For the three months ended March 31, 2020, we sold 30 acres of land in Texas for an aggregate sales price of $0.9 million, an average of approximately $30,000 per acre.

Land Acquisitions

There were no land acquisitions during the three months ended March 31, 2021. For the three months ended March 31, 2020, we acquired 756 acres of land in Texas for an aggregate purchase price of approximately $3.9 million, an average of approximately $5,134 per acre.