LandBridge Company LLC (NYSE: LB) is a Houston-based land-management and resource-services company that was founded in 2021. It focuses on owning, leasing, and monetizing surface acres and subsurface rights—particularly in the heart of the Delaware Basin (part of the larger Permian Basin) of West Texas and southeastern New Mexico. The company’s business model is based on securing large land positions, then deriving fees, royalties, and other income streams from activities carried out by oil & gas explorers and other industrial users of the land.
LandBridge holds a significant acreage position—on the order of 200,000+ surface acres—across Texas and New Mexico in the Delaware sub-basin. The company is positioned to earn revenue not only from traditional oil and gas production royalties and fees but also from associated services and rights, such as water management and large-scale industrial or infrastructure uses on its land. For example, the company cites its role in providing access and surface rights for energy- and industrial-development projects.