Benchmark Energy II Closes $47.5 Million Financing to Accelerate Western Anadarko Development
Key Highlights
- ➤$47.5 million senior secured financing funds Benchmark’s Western Anadarko development
- ➤Benchmark operates over 150,000 net acres producing more than 8,700 barrels of oil equivalent daily
- ➤Benchmark is majority owned by Acacia Research (ACTG)
Expert Statements
Kirk Goehring, Chief Executive Officer of Benchmark Energy II
“This financing enables us to accelerate development across our operated acreage footprint.”
Kirk Goehring, Chief Executive Officer of Benchmark Energy II
“Rig activity in the Western Anadarko is up sharply, led almost entirely by private operators.”
Kirk Goehring, Chief Executive Officer of Benchmark Energy II
“Well-level results today are much improved from a decade ago, driven by focus on the best rock, conservative spacing, and modern completions.”
Kirk Goehring, Chief Executive Officer of Benchmark Energy II
“This is our second transaction with the Cibolo team. They understand the basin and have been a strong partner across both, which made this a straightforward process.”
Benchmark Energy II Closes $47.5 Million Financing to Accelerate Western Anadarko Development PR Newswire
AUSTIN, Texas, Oct. 6, 2026 /PRNewswire/ -- Benchmark Energy II, LLC ("Benchmark" or the "Company") announced today the closing of a senior secured financing providing for up to $47.5 million with Cibolo Energy Partners, LLC ("Cibolo"). Proceeds are dedicated to an operated, multi-well development program across Benchmark's liquids-rich, oil-weighted Western Anadarko Basin position. Benchmark is majority owned by Acacia Research Corporation (Nasdaq: ACTG) and is a joint venture with McArron Partners and members of management.
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