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Shares of Texas Pacific Land have roughly tripled in 2024 despite languishing oil prices, thanks to a new approach the 100-employee firm has taken to wringing money from its acres in America’s most prolific drilling region, the Permian Basin. Texas Pacific has built a lucrative business selling water to frackers in the West Texas desert and then giving them places to dispose of the wastewater that rushes to the surface along with oil. Texas Pacific’s inclusion in the S&P 500 this week has given another boost to the shares.