Acacia Research Expands Oil and Gas Investments Through Benchmark Energy's Transformative Acquisition in the Western Anadarko Basin [Yahoo! Finance]
Acacia Research Corporation (ACTG)
Last acacia research corporation earnings: 8/8 04:00 pm
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acaciaresearch.com/investor-relations
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Source: Yahoo! Finance
NEW YORK, February 20, 2024 BUSINESS WIRE )--Acacia Research Corporation (Nasdaq: ACTG) ("Acacia") today announced that its majority owned subsidiary, Benchmark Energy II, LLC (together with its subsidiaries, "Benchmark"), has entered into a Purchase and Sale Agreement ("PSA") to acquire certain upstream assets and related facilities (the "Assets") in Texas and Oklahoma from a private seller (such transaction, the "Acquisition"). The Acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 operated producing wells in the prolific Western Anadarko Basin throughout the Texas Panhandle and Western Oklahoma. Acquisition Highlights Expanded operated position throughout the core of the Western Anadarko Basin with over 110,000 net acres, 100% of which is held-by-production, with an additional 27,000 net acres in the emerging Cherokee play Liquids-rich, low-decline, mature production base of approximately 6,000 barrels o
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News
- Acacia Research to Release First Quarter 2024 Financial Results on May 9Business Wire
- Acacia Research Announces Closing of Benchmark Energy’s Transformative Acquisition in the Western Anadarko BasinBusiness Wire
- Acacia Research Co. (NASDAQ: ACTG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Acacia Research Co. (NASDAQ: ACTG) had its price target raised by analysts at Craig Hallum from $6.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Acacia Research: Positive Developments, Discount To Book Value High Despite Recent Price Spike [Seeking Alpha]Seeking Alpha
ACTG
Sec Filings
- 4/19/24 - Form DEF
- 4/17/24 - Form 8-K
- 3/25/24 - Form 4
- ACTG's page on the SEC website