Ben Moore
About Ben Moore
Ben Moore (age 61) has served as a director of LandBridge Company LLC (LB) since June 2024 following the IPO; he holds a B.S. in Petroleum Engineering (University of Oklahoma, 1986) and an MBA (Duke University, 1994) . He brings 35+ years of upstream and midstream energy operating experience in engineering, operations, compliance, and business development . He is not classified as an independent director under NYSE rules; LB is a controlled company with only four independent directors designated (Moore is affiliated with Five Point) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Five Point Energy | Executive Vice President & Partner | 2015–Nov 2024 | Senior sponsor-side leadership; operations/investments |
| NorTex Midstream Partners | CEO & President | Two years (dates not disclosed) | Led gas storage/processing operations |
| Enstor (Iberdrola gas midstream subsidiary) | VP Operations & Engineering; previously VP Business Development | 12 years | Operations leadership, engineering oversight, BD |
| Dominion Energy; Shell Oil; Tenneco Oil | Engineering and marketing roles | Not disclosed | Upstream sector roles |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Northwind Midstream Partners (Five Point portfolio) | Executive Vice President, Subsurface & Sequestration | Current | Affiliated with LB’s controlling shareholder’s portfolio |
Board Governance
- Independence: Not independent; LB determined only four directors (Nicolás, Watson, Daul, Chase) meet NYSE independence; Moore is a “Five Point Director” (affiliated with Five Point) .
- Committee assignments: No committee membership disclosed for Moore; Audit Committee members are Watson, Daul, and Chase (Chase is the financial expert and chair) .
- Attendance: From June 28, 2024 through Dec 31, 2024, the Board met six times and each director attended at least 75% of Board and committee meetings on which they served .
- Years of service on this board: Director since June 2024 (standing for re‑election for a one‑year term) .
- Controlled company structure: LB is a controlled company; LandBridge Holdings controls >50% of voting power, with rights to designate a majority+1 of directors while ownership thresholds are met .
- Conflicts oversight: Board uses ad hoc Conflicts Committee of independent directors for related‑party matters (e.g., Powered Land Partners data center lease); Moore is not shown as a member of this committee .
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual retainer (cash) | $0 | Company does not pay compensation to “Five Point Directors,” including Moore |
| Audit Committee membership fee | $0 | Applies only to independent directors on Audit Committee |
| Audit Committee chair fee | $0 | Not applicable to Moore |
| Meeting fees | $0 | LB does not pay meeting fees to non‑employee directors |
Performance Compensation
| Component | Grant Date | Shares/Units | Grant Date Fair Value (USD) | Vesting/Terms |
|---|---|---|---|---|
| RSUs (annual director grant) | N/A | N/A | $0 | RSUs granted only to non‑Five Point directors; Moore received none |
| Options | N/A | N/A | N/A | LB does not grant stock options as part of its equity programs; directors receive RSUs (not options) |
No director performance metrics are tied to compensation for Moore; LB’s non‑employee director pay is fixed cash retainers plus RSUs for independent directors only .
Other Directorships & Interlocks
- Public company directorships: None disclosed for Moore in LB’s proxy biography .
- Interlocks/affiliations:
- Executive at Northwind Midstream Partners, a wholly‑owned Five Point portfolio company .
- LB has multiple related‑party arrangements with affiliates of Five Point and WaterBridge (e.g., Shared Services Agreement, facility agreements, lease development with Powered Land Partners JV involving Five Point), overseen via conflicts processes .
Expertise & Qualifications
- Petroleum engineering, midstream operations, compliance, and BD with 35+ years experience .
- Education: B.S. Petroleum Engineering (University of Oklahoma, 1986); MBA (Duke University, 1994) .
- Board‑relevant qualifications: Operations/engineering depth across upstream/midstream; regulatory and compliance experience .
Equity Ownership
| Metric | Value |
|---|---|
| Class A shares beneficially owned | — (none reported) |
| Class B shares beneficially owned | — (none reported) |
| Ownership as % of voting power | Not disclosed for Moore individually; LandBridge Holdings controls 69.6% combined voting |
| Anti‑hedging policy | Directors prohibited from hedging, short sales, company‑based derivatives |
Governance Assessment
-
Positives:
- Deep technical and operating expertise in energy infrastructure; complements LB’s asset base and customer set .
- Formal conflicts governance exists (ad hoc Conflicts Committee of independent directors; related‑party policy) and Audit Committee comprised entirely of independent directors with a financial expert chair .
- Attendance met company’s threshold (≥75%) in first partial year of board service .
-
Concerns and RED FLAGS:
- Controlled company governance: LandBridge Holdings designates a majority+1 of directors; minority shareholder influence is limited .
- Independence: Moore is not independent and is affiliated with the controlling sponsor (Five Point), increasing potential conflict risk on sponsor‑linked transactions .
- Related‑party exposure: Multiple material transactions with Five Point and WaterBridge affiliates (Shared Services Agreement; facility agreements; Powered Land Partners lease), requiring rigorous conflicts oversight; while an independent Conflicts Committee is used, volume and strategic nature of these deals represent ongoing conflict risk .
- Ownership alignment: No disclosed personal share ownership and no director compensation (cash or RSUs) for Moore as a “Five Point Director,” which may reduce direct alignment with non‑controlling shareholders; alignment is primarily via sponsor economic interests rather than personal holdings .