Events
Jenny Speck to Speak on BARBRI Webinar
Partner Jenny Speck will speak on BARBRI’s live video CLE program, “Tax Credit Insurance for Energy Projects: PFE Exclusions, Recapture, …
November 19, 2026
November 19, 2026 • 1-minute read
Vinson & Elkins advised LandBridge Company LLC (NYSE: LB) (“LandBridge”) in connection with the private placement of 5,830,419 Class A shares, at a price of $60.03 per Class A share, to select institutional and accredited investors, resulting in gross proceeds of approximately $350 million.
LandBridge expects to use approximately $250 million of the net proceeds to partially fund the acquisition of approximately 46,000 surface acres in the Southern Delaware Basin known from a subsidiary of VTX Energy Partners, LLC (the “Acquisition”), with the balance of the net proceeds being used to repurchase units in DBR Land Holdings LLC, LandBridge’s operating company, (along with the cancellation of a corresponding number of Class B shares in LandBridge) that are held by LandBridge Holdings LLC, an affiliate of Five Point Energy. The transaction is expected to close in the fourth quarter of 2024 and is conditioned upon, and subject to, the closing of the Acquisition.
The Vinson & Elkins team was led by partners Mike Telle and David Oelman, with assistance from associates Nate Richards, Cole Leveque, Waleed Vohra and Rylie Goldwait. Other key team members included partner Ryan Carney, counsel Allyson Seger and associate Tripp Haskins; partner Mark Holmes and associates Sydni Daniels and Megan Hardy; partner David D’Alessandro, counsel Missy Spohn and associate Kenneth Strain; partner Matt Dobbins and associate Alyssa Sieja; and counsel Rajesh Patel and associate Haley Titcomb.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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