LandBridge (LB) said Tuesday it signed a deal to acquire around 46,000 surface acres in the Southern Delaware Basin, known as the Wolf Bone Ranch, from a VTX Energy Partners subsidiary for $245 million in cash.
VTX Energy agreed to a minimum annual revenue commitment to LandBridge of $25 million for the next five years, LandBridge said.
LandBridge said it expects to fund the transaction with $200 million from proceeds of a private placement and borrowings under its credit facilities.
The private placement is for 5.8 million shares at $60.03 apiece, LandBridge said.
The deal and the private placement are expected to close in Q4.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。