06:00 PM EDT, 04/17/2024 (MT Newswires) -- Acacia Research ( ACTG ) said late Wednesday that its majority-owned subsidiary, Benchmark Energy II, completed the acquisition of some upstream assets and related facilities in Texas and Oklahoma from a private seller.

The deal was funded with cash from Benchmark's existing owners, Acacia and McArron Partners, as well as committed debt financing from Texas-based regional banks. Acacia said its share was about $59.9 million.

The company said the acquisition includes an interest in about 470 operated producing wells in the western Anadarko basin and a non-operated interest in the undeveloped Cherokee play.