HOUSTON, August 5, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, advised the Special Committee of the Board of Directors of LandBridge Company LLC (NYSE: LB; NYSE TX: LB) on the company’s planned conversion and redomestication from a Delaware limited liability company to a Texas corporation.

The Special Committee approved the conversion and redomestication and recommended it to the LandBridge Board of Directors, which unanimously approved it.

Baker Botts also advised a separate conflicts committee on LandBridge’s planned acquisition of approximately 560 acres underlying the Northern Delaware Basin environmental waste management facility in Lea County, New Mexico. The transaction includes a long-term agreement governing the facility’s use of the property.

The acquisition is expected to close in the third quarter of 2026, concurrently with WaterBridge Infrastructure LLC’s acquisition of the facility. The transaction is subject to customary closing conditions and required consents and approvals.

LandBridge owns more than 325,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin.

Baker Botts has advised companies on all aspects of incorporation and redomestication, from board deliberations and regulatory filings to the SEC and proxy statement process and transaction execution. With more than 185 years in Texas, the firm advises companies on Texas corporate governance and fiduciary duty law from the boardroom to the courtroom.

Baker Botts Lawyers/Offices Involved:
Corporate: Andrew Schulte (Partner, Houston); Josh Davidson (Senior Counsel, Houston); Catherine Ellis (Senior Associate, Houston); Treyton Zanutto (Associate, Houston)

Real Estate: Aileen Hooks (Senior Counsel, Austin)

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