$Acacia Research (ACTG.US)$ NEWS Acacia Research Announces C...
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Acacia Research Announces Closing of Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin
Benchmark Energy II, 's acquisition adds significant diversification to Benchmark's production portfolio.
The transaction includes an interest in approximately 470 operated producing wells in the core of the Western Anadarko Basin.
Benchmark anticipates hedging a significant amount of production to maximize returns.
The acquisition was funded through cash from Benchmark's existing owners, Acacia and McArron Partners, as well as committed debt financing from Texas-based regional banks.
Acacia's share of the consideration, including fees, was approximately $59.9 million.
The transaction includes an interest in approximately 470 operated producing wells in the core of the Western Anadarko Basin.
Benchmark anticipates hedging a significant amount of production to maximize returns.
The acquisition was funded through cash from Benchmark's existing owners, Acacia and McArron Partners, as well as committed debt financing from Texas-based regional banks.
Acacia's share of the consideration, including fees, was approximately $59.9 million.
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