secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001193125-24-099084
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acacia Research subsidiary Benchmark closes $145M acquisition of Anadarko Basin assets
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- Closed acquisition of upstream assets in Texas/Oklahoma for $145M cash; Acacia contributed $59.9M, others $15.25M.
- Acquired ~140,000 net acres and interest in ~470 operated producing wells in Western Anadarko Basin.
- Benchmark entered $150M revolving credit facility; $82.7M drawn at closing; 3-year maturity.
- Expected annualized asset-level cash flows of approx. $45M from low-decline, liquids-rich production.
- Acacia's ownership in Benchmark post-closing is approx. 73.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000119312524099084/0001193125-24-099084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000119312524099084/d818755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-099084

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