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An update from Texas Pacific Land (TPL) is now available.
Texas Pacific Land Corporation acquired oil and gas mineral interests totaling 4,106 net royalty acres in Texas for $124 million, completed with the collaboration of Brigham Royalties Fund I Holdco. The deal was sourced and partly financed by Brigham Royalties, with TPL paying a reduced commission to Brigham employees instead of higher third-party fees. The acquisition was thoroughly vetted by TPL’s Audit Committee and approved by the Board, with the involved Board member abstaining from the vote to avoid conflict of interest.
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