texas pacific land corp on monday said its board authorized a 100 million stockrepurchase plan texas pacific land is a land trust and it said one of the largest landowners in the state of texas the company said it isnt an oil and gas producer but that its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well texas pacific land has a market capitalization of 1019 billion 775 million shares outstanding and a public float of 774 million shares