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Land Acquisition
IPOLB.NYSEPast

Land Acquisition

Oil

Company website ↗
Foundation year: 2023
Market capitalization
$1476M
Employees
68
IPO date
27/06/2024

About

LandBridge acquires oil property in the Delaware Basin. (Incorporated in Delaware) Land is critical to energy development and production. LandBridge owns approximately 220,000 surface acres in and around the Delaware sub-basin in the prolific Permian Basin, the most active region for oil and natural gas exploration and development in the United States. Access to expansive surface acreage is necessary for oil and natural gas development, solar power generation, power storage, data centers, and non-hazardous oilfield reclamation and solid waste facilities. Furthermore, the significant industrial economy that exists to service and support energy development requires access to surface acreage to support those activities. LandBridge's strategy is to actively manage its land and resources to support and encourage oil and natural gas development and other land uses that will generate long-term revenue and Free Cash Flow, providing returns to shareholders.

Headquarters

5555 San Felipe Street, Suite 1200 Houston, Texas 77056

Team

Jason Long - Chief Executive Officer and Director,
Scott L. McNeely - Chief Financial Officer,
Harrison Bolling - General Counsel.

Financial information

Underwriters

Goldman Sachs, Barclays, Wells Fargo Securities

Prospectus ↗
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+992 918 138 895

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