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

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Depreciable lives by category are as follows:


	Range of Estimated Useful Lives (in years)
Water wells and other water-related assets	3	to	30
Furniture, fixtures and equipment	3	to	15

Property, plant and equipment, net consisted of the following as of December 31, 2021 and 2020 (in thousands):


	December 31, 2021		December 31, 2020
Property, plant and equipment, at cost:
Water service-related assets (1)	$	108,732	$	97,699
Furniture, fixtures and equipment	9,071		6,125
Other	598		598
Total property, plant and equipment, at cost	118,401		104,422
Less: accumulated depreciation	(38,679)		(25,155)
Property, plant and equipment, net	$	79,722	$	79,267

(1)Water service-related assets reflect assets related to water sourcing and water treatment projects.