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

Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

Note 4 - Real Estate Acquired

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(4)	Real Estate Acquired

Real estate acquired included the following activity for the years ended

December

31,

2016

and

2015:

		2016								2015
		Acres				Book Value				Acres				Book Value
Balance at January 1:			10,064.78			$	1,114,601				10,124.78			$	1,125,059

Additions			—				—				—				—
Sales			—				—				(60.00	)			(10,458	)
Balance at December 31:			10,064.78			$	1,114,601				10,064.78			$	1,114,601

No

valuation allowance was necessary at

December

31,

2016

and

2015.