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LandBridge Acquires 46,000 Surface Acres in Southern Delaware Basin
Nov 19, 2024•over 1 year ago
Contract Type
agreement
HoustonEnergyOil And GasTransportationLogistics
Description
LandBridge Company LLC has entered into an agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for a total consideration of $245 million in cash from a subsidiary of VTX Energy Partners, LLC. The acquisition includes access to the Waha Gas market hub and support for produced water operations, with a minimum annual revenue commitment of $25 million for the next five years.
Company Information
Company
LandBridge Company
Location
5555 San Felipe Street, Suite 1200
Houston, Texas, United States
About
LandBridge Company LLC (NYSE: LB) is a company actively involved in land management and investment in the oil and natural gas exploration and transportation sector. It is committed to strategic acquisitions and growth opportunities in the Southern Delaware Basin.
HoustonEnergyOil And GasTransportationLogistics