LandBridge to Acquire Delaware Basin Surface Acres for $250 Million, Texas
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LandBridge Company has entered into an agreement to acquire approximately 37,500 total acres, across Loving, Reeves, Winkler, and Ward counties, Texas, from 1918 Ranch & Royalty.
The acreage to be acquired consists of approximately 22,000 fee surface acres, approximately 3,500 surface acres held pursuant to a long-term management agreement and approximately 12,000 leasehold surface acres. Closing is anticipated to occur in the fourth quarter of 2025, subject to customary closing conditions.
“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.
“Furthermore, we are proud to partner with both 1918 Ranch & Royalty and Mike Harrison and the Harrison family, which currently operates one of the largest ranching operations in Texas, to continue the long legacy of this great asset,” added Long.
“We are excited to announce this agreement with LandBridge. We believe that we have built a truly unique asset that will further increase LandBridge’s high-quality acreage position. We look forward to working with LandBridge to continue creating value and building the business in the months and years ahead,” said Kevin Hunstable and Dylan Stone, executives of 1918 Ranch & Royalty.
Upon closing, this transaction will provide LandBridge with immediate access to high-quality pore space adjacent to its large contiguous surface acreage position in Loving County, Texas. This acreage position is expected to support additional water handling infrastructure necessary to handle escalating commercial produced water volumes in the Stateline region of the Delaware Basin, expanding LandBridge’s ability to deliver economic pore space alternatives to a broader customer base.
Beyond subsurface assets, the contiguous acreage in northern Reeves County to be acquired in this transaction is well-positioned for alternative energy development due to its proximity to industry demand and current and planned transmission infrastructure, aligning with LandBridge’s commitment to continue optimizing the commercial and strategic value of its acreage position.
LandBridge owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin.
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