---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-039466"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:44:12.485422+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acacia's Benchmark subsidiary to acquire oil & gas assets in TX/OK for $145M

## Summary
- Acacia's subsidiary Benchmark to pay $145M cash for upstream assets in Texas and Oklahoma.
- Acquisition adds ~470 operated wells and ~140,000 net acres in the Western Anadarko Basin.
- Expected annualized asset-level cash flows of ~$45M from mature, low-decline production.
- Acacia contributing $57.5M; funding also from $72.5M debt and $15M from McArron Partners.
- Closing expected in Q2 2024; Acacia's post-transaction interest in Benchmark ~73.1%.

## SEC filing metadata
- accession: 0001193125-24-039466
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000119312524039466/0001193125-24-039466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000119312524039466/d778153d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-039466
- JSON: https://secwatch.observer/filing/0001193125-24-039466.json
- Plain text: https://secwatch.observer/filing/0001193125-24-039466.txt

## Key facts
- Material Agreements
  ACACIA RESEARCH CORP entered into Purchase and Sale Agreement with Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC valued at $145 million in cash (effective 2024-03-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC
  - Value: $145 million in cash
  - Effective: 2024-03-01
  source text: On February16, 2024, Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC (collectively, “Revolution”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000119312524039466/0001193125-24-039466-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.