Landbridge Completed Acquisition of Strategic Acreage in Delaware Basin

SEATTLE (Oil Monster): For a total cash consideration of $245 million, Landbridge Co. LLC stated that it has successfully acquired about 46,000 acres on the Texas side of the Delaware Basin from VTX Energy. $200 million from a private placement and $45 million in borrowings were used to finance the acquisition.

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According to a corporate news release, the purchase of the Wolf Bone Ranch land will give Landbridge access to the Waha Gas market hub in addition to strengthening its strategic position in Reeves and Pecos Counties, Texas. Significant cash flows can be produced from the current third-party enterprises. Additionally, it stated that the site presents prospects for future expansion through the development of digital infrastructure, commercial real estate, and renewable energy projects.

Through the acquisition, VTX Energy and its affiliates will guarantee a minimum yearly revenue of $25 million for the following five years. As a result, Landbridge has increased its 2025 adjusted EBITDA projection to $170–190 million.

Further to the closing of the Private Placement and the Repurchase, LandBridge’s management team and Five Point Energy hold an approximate 70% ownership interest in LandBridge and its operating subsidiaries through LandBridge Holdings LLC