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Stock impact report

LandBridge Closes Acquisition of ~5,800 Surface Acres in Lea County, New Mexico and Increases 2025 Guidance [Yahoo! Finance]

LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests (LB) 
NASDAQ:AMEX Investor Relations: investors.lb.com
Company Research Source: Yahoo! Finance
Publishes webcast to investor relations site providing overview of recent acquisitions HOUSTON, November 22, 2024 BUSINESS WIRE )--LandBridge Company LLC (NYSE: LB) ("LandBridge") today announced it has closed its previously-announced acquisition of approximately 5,800 largely contiguous surface acres in Lea County, New Mexico, expanding LandBridge's holdings into a new area of the Delaware Basin. The land supports existing water infrastructure, including produced water handling facilities and supply water infrastructure. LandBridge believes the acreage is well-positioned to drive further revenue growth through additional water infrastructure, including a potential distribution hub for water supply into New Mexico by WaterBridge, an affiliate of LandBridge and a leading water midstream platform. Together with the recent acquisition in Winkler County, Texas, and agreement to acquire the Wolf Bone Ranch, LandBridge has now announced or closed acquisitions totaling ~53,080 acres i Show less Read more
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