Quarterly report pursuant to Section 13 or 15(d)

Real Estate Activity

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Real Estate Activity
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Real Estate Activity Real Estate Activity
As of March 31, 2024 and December 31, 2023, TPL owned the following land and real estate (in thousands, except number of acres):
March 31,
2024
December 31,
2023
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
798,958  $ —  798,999  $ — 
Real estate acquired 69,447  129,774  69,447  130,024 
Total real estate situated in Texas 868,405  $ 129,774  868,446  $ 130,024 
(1)Real estate assigned through the Declaration of Trust.
For the three months ended March 31, 2024, we sold 41 acres of land in Texas for an aggregate sales price of $1.2 million. There were no significant land sales for the three months ended March 31, 2023. There were no land acquisitions for the three months ended March 31, 2024 or 2023.