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The Texas timber industry as a whole had, in fact, already peaked in 1907–1908. [29] By the 1920s, the forest lands in Texas had become severely depleted and most of the virgin pine had been cut. [ 1 ] [ 28 ] The lumber industry slowed substantially as lumber companies, whose properties were largely exhausted of timber, slowed or halted ...
The General Land Office's main role is to manage Texas's publicly owned lands, by negotiating and enforcing leases for the use of the land, and sometimes by making sales of public lands. Royalties and proceeds from land sales are added to the state's Permanent School Fund, which helps to fund public education within the state. [2]
The following year, and after the discovery of oil at Spindletop, Kirby partnered with Patrick Calhoun of the Houston Oil Company of Texas. Kirby created an unusual business relationship between his lumber company and the oil entity: the Kirby Lumber Company gained timber rights onto extensive east Texas land, where as the Houston Oil Company gained land and maintained mineral rights.
590,000 net mineral acres, principally in Texas, Louisiana, Alabama and Georgia; 324,000 net mineral acres in oil-rich basins (leasehold interest), including 9,000 net mineral acres in the core of the Bakken and Three Forks formations. In addition, they manage approximately 95,000 acres of land as timberland, generating fiber growth and sales.
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km 2 ) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas .
The first of 362 district land offices was opened at Steubenville, Ohio, on July 2, 1800; the last at Newcastle, Wyoming, on March 1, 1920. The peak year for land offices was 1890, with 123 in operation. The subsequent closing of the public domain gradually reduced the number of land offices, until, in 1933, only 25 offices remained. [3]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
"A league and a labor" (4,605.5 acres; 18.638 km 2) was a common first land grant [4] and consisted of a league of land away from the river plus one extra labor of good riparian (river-situated) land. A headright of this much land was granted to "all persons [heads of families] except Africans and their descendants and Indians living in Texas ...