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Monday, 14 May 2018

The 130-year-old bankruptcy that created a $5bn oil giant

The 130-year-old bankruptcy that created a $5bn oil giant

*Texas Pacific Land Trust has surged almost 2,200% since 2010 *Mineral rights offer revenues linked to Permian oil production The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude. Texas Pacific Land Trust, a listed land bank created out of a railroad bankruptcy more than a century ago, …

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