https://x.com/ericschmidt/status/2001415374013702271?s=46&t=oboeinihvjNn__bpHMCoXQ
I’m still retired but this was too notable to resist! Early days and limited details but the structure of the partnership (equity participation, margin preservation) are appealing.
The Texas Pacific Land Trust Investor 
He’s alive….He’s alive…..
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In addition, Chevron will be building power plants. The water demand will accelerate with the power plants , primarily, and the AI data centers. Per Murray Stahl, there is a limit with extracted water, where Texas regulations limit the pressure as a means to prevent tremors. All positives for TPL, LB, WBI and others in the permian.
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Wouldn’t the water demand for the AI data centers be closed loop? But otherwise plenty of solid upside opportunity with this news from such a highly visible entity. Has to be the first of many more to come, but great to hear (and much needed) for now. Suspicious that they decided to announce this right before the stock split becomes effective….gotta pump it up!!!
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Also, does anyone have any insights into Murray Stahl’s HKAM investment/partnership related to this structure? The press release said no conflicts of interest but wondering what could be read between the lines here?
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From the 8K posted on the TPL website
“Item 7.01 Regulation FD Disclosure.
On December 17, 2025, Texas Pacific Land Corporation (the “Company”) issued a press release announcing a strategic agreement with Bolt Data & Energy, Inc.
(“Bolt”) to develop and enable large-scale data center campuses and supporting infrastructure across Company-owned property. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The Company has been informed that Horizon Kinetics Asset Management LLC (“HKAM”), a wholly owned subsidiary of Horizon Kinetics Holding Corporation,
intends to make a significant equity investment in Bolt through various affiliated funds. Murray Stahl, a director of the Company, is also the Chief Executive Officer, Chairman and Chief Investment Officer of HKAM. The Company and the Audit Committee of the Company’s Board of Directors have reviewed HKAM’s proposed investment in Bolt and, along with HKAM, have taken steps to alleviate any potential conflicts of interest that could arise from such investment.
The information included in this Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1, shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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A capital light business investing in a data center developer, what could go wrong? I guess you could say they are putting their money where their mouth is when it comes to West Texas being the solution, but I’d prefer people beating down their door to do it versus them having to go up the supply chain to find a partner, whom from what I can tell didn’t exist until yesterday?
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Do a search for Bolt-Data they appear to be a 10 year old privately held company whose chairman is Eric Schmidt. It sounds like they are going public.
https://dallasinnovates.com/former-google-ceos-bolt-data-energy-inks-200m-partnership-with-dallas-texas-pacific-land-corp/
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