LandBridge to acquire 37,500 acres in Texas Permian Basin

HOUSTON - LandBridge Company LLC (NYSE:LB) announced Tuesday it has entered into an agreement to acquire approximately 37,500 acres across Loving, Reeves, Winkler and Ward counties in Texas from 1918 Ranch & Royalty, LLC.

The acquisition, expected to close in the fourth quarter of 2025, includes approximately 22,000 fee surface acres, 3,500 surface acres held under a long-term management agreement, and 12,000 leasehold surface acres.

Upon completion, the transaction will increase LandBridge’s total holdings to approximately 300,000 surface acres. The company, which maintains a healthy current ratio of 4.26 and has achieved impressive revenue growth of 95% over the last twelve months, stated in a press release that the acquisition will provide immediate access to pore space adjacent to its existing Loving County acreage position.

The newly acquired land is expected to support additional water handling infrastructure for commercial produced water volumes in the Delaware Basin’s Stateline region. The contiguous acreage in northern Reeves County is positioned for potential alternative energy development due to its proximity to industry demand and transmission infrastructure.

"This 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 our portfolio," said Jason Long, Chief Executive Officer of LandBridge.

Kevin Hunstable and Dylan Stone, executives of 1918 Ranch & Royalty, expressed their support for the agreement, noting they have "built a truly unique asset that will further increase LandBridge’s high-quality acreage position."

LandBridge primarily owns surface acres in the Delaware sub-region of the Permian Basin, which is currently the most active region for oil and gas exploration and development in the United States.

The transaction remains subject to customary closing conditions.

In other recent news, LandBridge Company LLC reported a substantial revenue increase for Q2 2025, reaching $47.5 million, marking an 83% rise compared to the previous year. Despite the impressive revenue growth, the earnings per share (EPS) of $0.24 fell short of analysts’ expectations. Additionally, LandBridge announced a strategic agreement with NRG Energy, Inc. for a potential data center site in Reeves County, Texas. This project could involve a 1,100 MW grid-connected natural gas power generation facility, with operations potentially starting by the end of 2029, pending necessary approvals. In another development, LandBridge revealed plans to dual list its Class A shares on the newly launched NYSE Texas exchange, while maintaining its primary listing on the New York Stock Exchange. These recent developments highlight LandBridge’s strategic initiatives to expand its operational footprint and explore new opportunities in the energy sector.

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