Acacia Research’s Majority Owned Benchmark Energy Closes Senior Secured Financing Providing For Up To $47.5M With Cibolo Energy Partners

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.