EagleRock Land acquires 50,000-acre Intrepid Ranch in Permian Basin for $78.2 million
MIDLAND: EagleRock Land, LLC, a surface land management company with a significant footprint in the Permian Basin, has acquired the Intrepid Ranch, a 50,000-surface-acre property in Lea County, New Mexico, from Hydrosource Logistics LLC for $78.2 million, the company announced. The acquisition, funded through cash on hand and borrowings under EagleRock’s existing revolving credit facility,…