LandBridge to Expand Holdings in Texas by Acquiring 37,500 Acres

By Bobby Samwell • Tuesday, October 07 15:32 • Permanent Link

Landbridge Company LLC (NYSE: LB) has announced an agreement to acquire approximately 37,500 total acres across Loving, Reeves, Winkler, and Ward counties in Texas from 1918 Ranch & Royalty, LLC. Upon closing, this acquisition will increase Landbridge's total holdings to approximately 300,000 surface acres.

The acreage to be acquired consists of approximately 22,000 fee surface acres, around 3,500 surface acres held pursuant to a long-term management agreement, and approximately 12,000 leasehold surface acres. This transaction will provide Landbridge with immediate access to high-quality pore space adjacent to its large contiguous surface acreage position in Loving County, Texas.

The contiguous acreage in northern Reeves County to be acquired in this transaction is well-positioned for alternative energy development due to its proximity to industry demand and current and planned transmission infrastructure.

Landbridge currently owns approximately 277,000 surface acres across Texas and New Mexico, primarily located in the heart of the Delaware sub-region in the Permian Basin. This region is the most active area for oil and gas exploration and development in the United States.

The company actively manages its land and resources to support and encourage energy and infrastructure development, as well as other land uses, including digital infrastructure.

The closing of this acquisition is anticipated to occur in the fourth quarter of 2025, subject to customary closing conditions. CEO Jason Long stated that the acquisition not only bolsters Landbridge’s capacity to meet rising demand for high-quality pore space but also unlocks new avenues for sustainable surface utilization across the company's portfolio.

This acquisition marks a significant expansion for Landbridge, providing the company with additional acreage and future revenue growth opportunities. The market has reacted to these announcements by moving the company's shares 0.72% to a price of $57.08. For the full picture, make sure to review LandBridge Co's 8-K report.

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