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

Quarterly report pursuant to Section 13 or 15(d)

Royalty Interests

Royalty Interests

3 Months Ended

Mar. 31, 2019

As of March 31, 2019 and December 31, 2018, the Trust owned the following oil and gas royalty interests (in thousands, except number of interests):



	Net Book Value
	March 31, 2019		December 31, 2018
1/16th nonparticipating perpetual royalty interests	$	—	$	—
1/128th nonparticipating perpetual royalty interests	—		—
Royalty interests acquired	27,720		24,303
Total royalty interests	$	27,720	$	24,303

No valuation allowance was necessary at March 31, 2019 and December 31, 2018.

For the three months ended March 31, 2019, the Trust acquired oil and gas royalty interests in approximately 301 net royalty acres (normalized to 1/8th) for an aggregate purchase price of $3.2 million, an average price of approximately $10,500 per net royalty acre.

There were no oil and gas royalty interest transactions for the three months ended March 31, 2018.