# Who does Texas Pacific Land Corporation pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/texas-pacific-land · Facet: suppliers · Updated: 2026-09-24T05:21:59.167826+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Texas Pacific Land Corporation discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 2 of them primary filings (as of 2026-09-24).

### Bolt Data & Energy (high)
- metric: Amount $50M · December 2025 · Minority investment in Bolt Series A preferred stock
- note: TPL invested $50 million in Bolt's Series A preferred stock in December 2025 to support large-scale data-center campuses and related infrastructure in West Texas. TPL also received a board nomination right and a right of first refusal to supply water to affiliated projects.
- [confirms] SEC EDGAR (EN, filing, published 2025-12-17) https://www.sec.gov/Archives/edgar/data/1811074/000110465925121822/tm2533707d1_ex99-1.htm: "Bolt raised $150 million of capital with $50 million invested by TPL."
- [confirms] Maeil Business Market (KO, news, published 2025-12-17) https://stock.mk.co.kr/news/view/937808: "TPL invested $50 million and obtained equity, warrants, and priority water-supply rights for Bolt-related projects and infrastructure."

### 뉴멕시코 주립대학교 (mid)
- note: TPL works with New Mexico State University on research to analyze water quality and improve its desalination process. TPL discloses aggregate desalination R&D spending but not institution-level payments.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/1811074/000181107426000018/tpl-20251231.htm: "Cumulatively through December 31, 2025, we have spent $45.5 million ($33.6 million during the year ended December 31, 2025) on this new energy-efficient desalination and treatment process and equipment."
- [confirms] SEC EDGAR (EN, filing, published 2025-11-05) https://www.sec.gov/Archives/edgar/data/1811074/000181107425000094/a3q2025tplinvestorpresen.htm: "Research partnership with New Mexico State University & Texas Tech to analyze water quality & process improvement."

### 텍사스 공과대학교 (mid)
- note: TPL works with Texas Tech University on research to analyze water quality and improve its desalination process. TPL discloses aggregate desalination R&D spending but not institution-level payments.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/1811074/000181107426000018/tpl-20251231.htm: "Cumulatively through December 31, 2025, we have spent $45.5 million ($33.6 million during the year ended December 31, 2025) on this new energy-efficient desalination and treatment process and equipment."
- [confirms] SEC EDGAR (EN, filing, published 2025-11-05) https://www.sec.gov/Archives/edgar/data/1811074/000181107425000094/a3q2025tplinvestorpresen.htm: "Research partnership with New Mexico State University & Texas Tech to analyze water quality & process improvement."

Reverse side: https://valuechain.wiki/texas-pacific-land/customers.md · Ripple: https://valuechain.wiki/texas-pacific-land/ripple.md

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