Board Member Murray Stahl, Horizon Kinetics CEO and Largest Shareholder, Passes Away
Texas Pacific Land Corporation board member Murray Stahl, CEO of Horizon Kinetics and the company’s largest shareholder, has passed away. Stahl championed TPL’s growth into one of the world’s largest publicly traded energy land trusts, overseeing its 882,000-acre portfolio concentrated in the Permian Basin.
1. Announcement of Passing
Murray Stahl, a member of Texas Pacific Land Corporation’s Board of Directors and Chief Investment Strategist of Horizon Kinetics, has died. Stahl’s role included serving as Chairman of Horizon Kinetics, which remains TPL’s largest shareholder by stake.
2. Visionary Contributions
Stahl believed in TPL when it was a thinly traded land trust, advocating for its transformation over decades. His strategic guidance helped the company expand into one of the world’s largest publicly traded energy land trusts with significant Permian Basin assets.
3. Board Condolences
Ty Glover, TPL CEO, praised Stahl’s independent thinking and long-term support, noting his absence will be deeply felt in the boardroom. Chairman Rhys Best expressed gratitude for Stahl’s dedication and lamented the loss of a valued colleague.
4. Company Overview
Texas Pacific Land Corporation owns approximately 882,000 acres in Texas, primarily in the Permian Basin. The company generates revenue through surface fees, material sales, water services, royalties and easements without engaging in production itself.