secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-039466
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000119312524039466/0001193125-24-039466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000119312524039466/d778153d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-039466

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