Texas Pacific Land Trust Announces Closing of Land Sale
30 January 2015 - 9:00AM
Business Wire
Texas Pacific Land Trust (NYSE:TPL) reported today the
consummation of the previously announced contract for the sale of
approximately 19,607 acres of land in Upton/Crane Counties, Texas
for aggregate consideration of $19,840,000. The Trust noted that
land sales vary widely from year to year and quarter to quarter,
and that this sale should not be considered indicative of the
volume of land sales that may be expected in any future period.
This news release may contain forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements regarding the Trust's
future operations and prospects, the markets for real estate in the
areas in which the Trust owns real estate, applicable zoning
regulations, the markets for oil and gas, production limits on
prorated oil and gas wells authorized by the Railroad Commission of
Texas, expected competitions, management's intent, beliefs or
current expectations with respect to the Trust's future financial
performance and other matters. We assume no responsibility to
update any such forward-looking statements.
Texas Pacific Land TrustDavid M. Peterson, 214-969-5530General
Agent, Chief Executive Officer
Texas Pacific Land (NYSE:TPL)
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