Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity

v3.23.2
Real Estate Activity
 6 Months Ended
Jun. 30, 2023
Real Estate [Abstract]  
Real Estate Activity Real Estate Activity
As of June 30, 2023 and December 31, 2022, TPL owned the following land and real estate (in thousands, except number of acres):
June 30,
2023		 December 31,
2022
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
817,017  $ —  817,060  $ — 
Real estate acquired 69,447  130,024  57,306  109,704 
Total real estate situated in Texas 886,464  $ 130,024  874,366  $ 109,704 
(1)Real estate assigned through the Declaration of Trust.
Land Sales

For the six months ended June 30, 2023, we sold 43 acres of land in Texas for an aggregate sales price of $1.4 million. There were no significant land sales for the six months ended June 30, 2022.

Land Acquisitions

For the six months ended June 30, 2023, we acquired 12,141 acres of land in Texas for an aggregate purchase price of $20.0 million. There were no significant land acquisitions for the six months ended June 30, 2022.