LandBridge completes $245M acquisition of 46,000-acre Wolf Bone Ranch in Permian Basin

LandBridge Co LLC

Acquired ~46,000 surface acres in Reeves and Pecos Counties, Texas for $245M.
Wolf Bone Ranch reported $24.4M revenue and $20.4M net income (nine months ended Sep 30, 2024).
Revenues: $12.2M saltwater disposal royalties, $10.3M freshwater sales, $2.0M right of way.
Acquisition closed Dec 19, 2024; this 8-K/A adds audited historical and pro forma financials.
Total assets of Wolf Bone Ranch at Sep 30, 2024 were $89.4M; net investment $84.3M.

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