LandBridge Closes Acquisition of 46,000 Surface Acres in the Delaware Basin [Yahoo! Finance]
LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests (LB)
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Source: Yahoo! Finance
LandBridge re-affirms previously-announced 2025 guidance HOUSTON, December 20, 2024 BUSINESS WIRE )--LandBridge Company LLC (NYSE: LB) ("LandBridge," "we" or "our") today announced it has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a Vitol investment ("VTX Energy"). The Wolf Bone Ranch acquisition strategically expands LandBridge's position in Reeves and Pecos Counties, Texas, an important region for both oil and natural gas production, and provides access to the Waha Gas market hub. The land generates significant cash flows from existing third-party operations and is strategically located to capture potential future growth opportunities from renewable energy projects, commercial real estate and digital infrastructure development. As part of the acquisition, LandBridge secured a minimum annual revenue commitment of $25 millio
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News
- LandBridge Closes Acquisition of 46,000 Surface Acres in the Delaware BasinBusiness Wire
- LandBridge Co LLC (NYSE: LB) had its "underperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $25.00 price target on the stock.MarketBeat
- Should You Invest in LandBridge Company LLC (LB)? [Yahoo! Finance]Yahoo! Finance
- LandBridge Co LLC (NYSE: LB) had its price target raised by analysts at Piper Sandler from $39.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat
- LandBridge Closes Acquisition of ~5,800 Surface Acres in Lea County, New Mexico and Increases 2025 Guidance [Yahoo! Finance]Yahoo! Finance