Houston-based LandBridge said last week it agreed to purchase about 37,500 total acres in Loving, Reeves, Ward and Winkler counties in west Texas from 1918 Ranch & Royalty. The assets include 22,000 fee surface acres, 3,500 surface acres held in a long-term agreement and 12,000 leasehold surface acres. Closing is expected in 2025Q4.
The transaction will provide LandBridge with access to high-quality pore space adjacent to its large contiguous surface acreage position in Loving County. This position is expected to support additional water handling infrastructure necessary to handle escalating commercial produced water in Stateline area of Delaware Basin. The contiguous acreage in northern Reeves County is well-positioned for alternative energy development.
Jason Long, CEO, said Oct. 7, “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.” LandBridge owns about 277,000 surface acres across Texas and New Mexico primarily in the heart of the Delaware Basin.
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