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On Texas Pacific Land Trust (the “Trust”) announced the formation of Texas Pacific Water Resources LLC (“TPWR”). TPWR, a single-member LLC and wholly owned subsidiary of the Trust, will focus on providing a full-service water offering to operators in the Permian Basin. TPWR seeks to develop with operators integrated water servicing agreements to include brackish water sourcing, produced water gathering/treatment/recycling, infrastructure development/ construction, disposal, water tracking, and analytical and well testing services. TPWR is committed to sustainable water development with significant focus on the large-scale implementation of recycled water operations. For the quarter and months ended there were minimal operations for TPWR with an immaterial effect on the consolidated financial statements, and therefore results for TPWR are reported separately from the Trust. The water sales and royalties line added to the consolidated statements of income and total comprehensive income currently reflects only agreements that were already in place prior to the formation of TPWR.