Annual report pursuant to Section 13 and 15(d)

Real Estate Activity

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Real Estate Activity
 12 Months Ended
Dec. 31, 2023
Real Estate [Abstract]  
Real Estate Activity Real Estate Activity
As of December 31, 2023 and 2022, TPL owned the following land and real estate (in thousands, except number of acres):
December 31,
2023		 December 31,
2022
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
798,999  $ —  817,060  $ — 
Real estate acquired 69,447  130,024  57,306  109,704 
Total real estate situated in Texas 868,446  $ 130,024  874,366  $ 109,704 
(1)Real estate assigned through the Declaration of Trust.
The Assigned land held by TPL was recorded with no value at the time of acquisition. See Note 2, “Summary of Significant Accounting Policies — Real Estate and Royalty Interests Assigned Through the Declaration of Trust” for further information regarding the Assigned land. Real estate acquired includes land parcels which have either been acquired through foreclosure or transactions with third parties.

Land Sales

For the year ended December 31, 2023, we sold 18,061 acres of land in Texas for an aggregate sales price of $6.8 million.

For the year ended December 31, 2022, we sold 6,392 acres of land in Texas for an aggregate sales price of $9.7 million.

For the year ended December 31, 2021, we sold 30 acres of land in Texas for an aggregate sales price of approximately $0.7 million.

Land Acquisitions

For the year ended December 31, 2023, we acquired 12,141 acres of land in Texas for an aggregate purchase price of $20.0 million.

For the year ended December 31, 2022, we acquired 177 acres of land in Texas for an aggregate purchase price of $0.6 million.
For the year ended December 31, 2021, we acquired 88 acres of land in Texas for an aggregate purchase price of approximately $0.5 million.