LandBridge 以 2.45 亿美元收购,扩大其在南特拉华盆地的业务

LandBridge 正在从维多支持的 VTX Energy Partners 的一家子公司手中收购狼骨牧场约 46,000 英亩连续的土地。


据 11 月 19 日发布的新闻稿称,岚桥公司将以 2.45 亿美元现金收购狼骨牧场约 46,000 英亩连续的地表土地,以扩大其在南特拉华盆地的业务。

 卖方是VTX Energy Partners的子公司,后者由Vitol提供支持。根据协议,VTX 同意在未来五年内向 LandBridge 承诺每年至少 2500 万美元的收入。

 总部位于休斯顿的 LandBridge 表示,狼骨牧场地理位置优越,毗邻 LandBridge 在德克萨斯州里夫斯县现有的地表土地,为 LandBridge 进入瓦哈天然气市场中心提供了通道。

所收购的土地还支持生产水业务,目前该土地上的水量约为 300,000 桶/天。生产水业务由 VTX Energy 拥有和运营的基础设施以及 WaterBridge Operating 拥有和管理的资产提供服务。

此前,岚桥集团于 6 月份通过 IPO 融资 3.67 亿美元,并于8 月份完成了对 East Stateline Ranch、Speed Ranch 和 Lea County Ranches 的收购

LandBridge 预计将利用其私募净收益的一部分(同样于 11 月 19 日宣布)和债务融资中的借款为狼骨牧场交易提供资金。

根据此次私募,岚桥集团计划以每股 60.03 美元的价格发行 5,830,419 股 A 类股票。该公司预计将利用私募净收益中的约 2 亿美元为此次收购提供部分资金。

剩余收益将用于赎回代表 DBR Land Holdings LLC 成员权益的单位,这些单位由Five Point Energy的附属公司 LandBridge Holdings LLC 持有。

 此次赎回还将涉及取消相应数量的岚桥集团 B 类股票。

此次收购和私募预计将于 2024 年第四季度完成。

高盛公司担任本次私募的主配售代理,巴克莱资本公司担任配售代理。

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LandBridge Expands in Southern Delaware Basin with $245MM Acquisition

LandBridge is acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch from a subsidiary of Vitol-backed VTX Energy Partners.


LandBridge Co. is expanding its operations in the Southern Delaware Basin by acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch for $245 million in cash, according to a Nov. 19 press release.

 The seller is a subsidiary of VTX Energy Partners, which is backed by Vitol. Under the deal, VTX has agreed to a minimum annual revenue commitment to LandBridge of $25 million for the next five years.

 The Wolf Bone Ranch is strategically located adjacent to LandBridge's existing surface acreage in Reeves County, Texas, providing LandBridge access to the Waha Gas market hub, Houston-based LandBridge said.

The acquired land also supports produced water operations with current water volumes on the property of approximately 300,000 bbl/d. The produced water operations are serviced by infrastructure owned and operated by VTX Energy, as well as assets owned and managed by WaterBridge Operating.

The deal follows LandBridge closing its acquisition of East Stateline Ranch, Speed Ranch and Lea County Ranches in August after raising $367 million to IPO in June.

LandBridge expects to fund the Wolf Bone Ranch transaction with a portion of the net proceeds from its private placement, also announced Nov. 19, and borrowings under its debt facilities.

Under the private placement, LandBridge plans to issue 5,830,419 Class A shares at $60.03 per share. The company expects to use approximately $200 million of the net proceeds from the private placement to partially fund the acquisition.

The remaining proceeds will be used for a redemption of units representing membership interests in DBR Land Holdings LLC, held by LandBridge Holdings LLC, an affiliate of Five Point Energy.

 This redemption will also involve cancelling a corresponding number of LandBridge's Class B shares.

The acquisition and the private placement are expected to close in fourth- quarter 2024.

Goldman Sachs & Co. is acting as the lead placement agent, and Barclays Capital Inc. is acting as a placement agent, in connection with the private placement.

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