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Texas Pacific Land Expands Its Horizon: From Oil Royalties to Digital Infrastructure
Texas Pacific Land (TPL) is undergoing a strategic transformation, pivoting from its traditional oil and gas royalty business to focus on digital infrastructure and renewable energy projects. Major shareholder Horizon Kinetics has reinforced its 10% stake, signaling confidence in this shift. TPL recently allocated $50 million to invest in a data infrastructure company, aiming to develop large-scale data centers on its West Texas properties while maintaining a stable income from its land and water services.