In 1979, a bank officer at Wells Fargo tracked down its ownership to Dutch sailor Joseph Raphael De Lamar.

At the time, TPL’s holdings included approximately 1.8 million acres across 28 counties in Texas.

[9] In 2010, the introduction of hydraulic fracturing and horizontal drilling unlocked oil and gas within the Permian shale, where TPL owned approximately 909,000 acres of land.

[4][10] In 2016, there was a significant discovery of oil and gas reserves in the southern portion of the Delaware Basin in Reeves County where the company owned substantial land.

As part of the settlement, the company established a committee to explore whether Texas Pacific should be converted to a Delaware corporation.