LandBridge (LB) said Friday it has completed the acquisition of the Wolf Bone Ranch, which includes about 46,000 surface acres in the Delaware Basin, from VTX Energy Partners.
LandBridge secured a $25 million minimum annual revenue commitment for the next five years from VTX Energy, covering surface operations and water handling royalties.
The company said it financed the acquisition with $200 million from a private placement and $45 million in borrowings from its debt facilities.
LandBridge shares were up 4% in recent trading.
Price: 56.90, Change: +2.14, Percent Change: +3.91
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。