On July 1, 2019, Texas Pacific Land Trust announced that it has received a letter from Murray Stahl, Chairman of Horizon Kinetics LLC, claiming there is an ‘urgent need’ for corporate governance reform at the Company. The Company stated that Murray Stahl called on the Company trustees David Barry and John Norris to consider term limits and spreading authority over the Company, compared with the current structure that ‘concentrates very substantial powers in 2 lifetime trustees.’