Texas Pacific Land Corporation Annual report pursuant to Section 13 and 15(d)

Note 3 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2017

3.	Property, Plant and Equipment

Property, plant and equipment, net consisted of the following at

December 31, 2017

and

2016

(in thousands):

	2017			2016
Property, plant and equipment, at cost:
Water service-related assets (1)	$	18,193		$	501
Furniture, fixtures and equipment		1,786			832
Total property, plant and equipment, at cost		19,979			1,333
Less: Accumulated depreciation		(463	)		(165	)
Property, plant and equipment, net	$	19,516		$	1,168

(

)

Water service-related assets include

water wells and water well fields related to water sourcing and water re-use.

Depreciation expense was $

0.4

million and

$0.1

million for the years ended

December 31, 2017

and

2016,

respectively.