{"id":974793,"date":"2026-06-23T10:00:25","date_gmt":"2026-06-23T14:00:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\/"},"modified":"2026-06-23T10:00:25","modified_gmt":"2026-06-23T14:00:25","slug":"texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\/","title":{"rendered":"Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project"},"content":{"rendered":"

<\/p>\n

Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nTexas Pacific Land Corporation (NYSE: TPL) (\u201cTPL\u201d) today announced an agreement with Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX) ( \u201cChevron\u201d) to provide land and brackish water resources for Chevron\u2019s recently announced development known as Project Kilby, involving a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas.<\/p>\n

\nAs part of the agreement, TPL contributed surface acreage in exchange for cash consideration and the exclusive right to source aquifer-derived water for the power generation facility and other associated aspects of the project.<\/p>\n

\n\u201cThis advancement of giga-watt scale power generation and data centers developed by the industry\u2019s leading technology, energy, and industrial companies validates West Texas as a premier location for compute infrastructure,\u201d said Ty Glover, CEO of TPL. \u201cAs the world\u2019s largest supplier of conventional energy and a leading source of renewable energy, the Permian Basin combines critical resources with skilled talent and a supportive regulatory environment. We believe these virtues position the region to become a major hub for compute services, and TPL is well positioned to support that growth through our leading surface footprint, industry relationships, and access to energy and water resources.\u201d<\/p>\n

\nChevron has emphasized that water stewardship and community engagement are central considerations as the project advances. TPL intends to supply brackish groundwater, helping reduce demand for shared freshwater resources and reinforcing its ongoing commitment to responsible water development in the Permian Basin. TPL also continues to advance solutions for reuse of desalinated produced water from oil and gas operations.<\/p>\n

\n\u201cThis project demonstrates how large\u2011scale energy infrastructure can be developed responsibly in West Texas to meet the increasing demands for power and technology,\u201d said Daniel Droog, Vice President, Power Solutions of Chevron. \u201cBy securing access to land and reliable sources for non\u2011potable brackish water supply, engaging openly with the community, and working closely with trusted long-term value chain partners such as TPL we aim to support economic growth while respecting the importance of water stewardship in West Texas.\u201d<\/p>\n

About Texas Pacific Land<\/i><\/b><\/p>\n

\nTexas Pacific Land Corporation is one of the largest landowners in the State of Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provides revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company\u2019s land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and\/or treated produced water, revenue from the Company\u2019s oil and gas royalty interests, and revenue related to saltwater disposal on the Company\u2019s land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.<\/p>\n

\nVisit TPL at http:\/\/www.TexasPacific.com<\/a>.<\/p>\n

This press release contains certain statements that may include \u201cforward-looking statements.\u201d All statements, other than statements of historical or present facts or conditions, included herein are \u201cforward-looking statements.\u201d Included among \u201cforward-looking statements\u201d are, among other things, statements regarding TPL\u2019s business strategy, plans and objectives. TPL believes that the expectations reflected in these \u201cforward-looking statements\u201d are reasonable, they are inherently uncertain and involve a number of risks and uncertainties beyond TPL\u2019s control. In addition, assumptions may prove to be inaccurate. Actual results may differ materially from those anticipated or implied in \u201cforward-looking statements\u201d as a result of a variety of factors. These \u201cforward-looking statements\u201d speak only as of the date made, and other than as required by law, TPL undertakes no obligation to update or revise any \u201cforward-looking statement\u201d or provide reasons why actual results may differ, whether as a result of new information, future events or otherwise.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260623633484\/en\/<\/a><\/span><\/p>\n

IR@TexasPacific.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Other Construction & Property Oil\/Gas Commercial Building & Real Estate Energy Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project DALLAS–(BUSINESS WIRE)– Texas Pacific Land Corporation (NYSE: TPL) (\u201cTPL\u201d) today announced an agreement with Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX) ( \u201cChevron\u201d) to provide land and brackish water resources for Chevron\u2019s recently announced development known as Project Kilby, involving a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas. As part of the agreement, TPL contributed surface acreage in exchange for cash consideration and the exclusive right to source aquifer-derived water for the power generation facility and other associated aspects of the project. \u201cThis advancement of giga-watt scale power … <\/p>\n

Continue reading “Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-974793","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTexas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project DALLAS–(BUSINESS WIRE)– Texas Pacific Land Corporation (NYSE: TPL) (\u201cTPL\u201d) today announced an agreement with Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX) ( \u201cChevron\u201d) to provide land and brackish water resources for Chevron\u2019s recently announced development known as Project Kilby, involving a large-scale power generation facility Chevron is developing to support a customer data center in Reeves County, Texas. As part of the agreement, TPL contributed surface acreage in exchange for cash consideration and the exclusive right to source aquifer-derived water for the power generation facility and other associated aspects of the project. \u201cThis advancement of giga-watt scale power … Continue reading "Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-23T14:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260623633484r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project\",\"datePublished\":\"2026-06-23T14:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/\"},\"wordCount\":727,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260623633484r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/texas-pacific-land-corporation-announces-agreement-to-provide-land-and-water-solutions-to-chevron-for-a-large-scale-power-project\\\/\",\"name\":\"Texas Pacific Land Corporation Announces Agreement to Provide Land and Water Solutions to Chevron for a Large-Scale Power Project - 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